With the self-assessment deadline of 31st January 2026 approaching, Premium Credit is highlighting to financial advisers and accountants how its tax funding solutions can help individuals and businesses manage the cost of their tax bills during one of the most financially demanding times of the year.
The end of January deadline means that self-assessment taxpayers must pay their 2024/25 tax bill, often together with a first payment on account for the 2025/26 tax year, resulting in many people facing a substantial outlay.
Over 11.5 million taxpayers filed their 2025 self-assessment return by the 31st January deadline for the 2023/24 tax year*, showing the scale of opportunity for intermediaries providing access to Premium Credit’s tax funding service. Although many taxpayers have filed their returns early this year, over 5.6 million taxpayers had yet to submit a return as of the 5th January 2026.**
Funding from Premium Credit allows taxpayers to spread the cost of their self-assessment bill into affordable monthly instalments instead of having to pay the entire amount in a single lump sum upfront. This gives them the opportunity to meet their HMRC liability by the deadline while maintaining liquidity to cover day-to-day living or business costs.
Intermediary’s customers are increasingly using tax funding to help them with their self-assessment tax bills, to avoid incurring late payment charges and interest with HMRC, and provide greater budgeting certainty for the year ahead.
Karl Leitelmayer, Sales Director – Tax, Premium Credit, commented:
“January is always a particularly difficult month for self-assessment taxpayers and can be made even more stressful when a tax bill and payments on account are due at the same time. Tax funding can help people make what is an otherwise very large and daunting payment much more manageable, without affecting their personal or business finances.”
Premium Credit works closely with intermediaries to make tax funding simple to arrange and easy to explain, to give them more tools to support customers throughout the self-assessment process. Demand for tax funding is part of a wider trend toward flexible payments, as customers seek better ways to spread and manage unavoidable lump-sum costs.
With the 31st January 2026 self-assessment deadline closing in, Premium Credit is encouraging people to learn more about how spreading the cost could make their tax bill more affordable.
* https://www.gov.uk/government/news/115-million-file-self-assessment-by-31-january-deadline
