Once you have submitted your tax return, you will know your tax bill and what you owe. How then do you go about paying HMRC and when should you do this? That’s where payments on account come in. They’re part of the self assessment process and therefore relevant to UK tax payers where less than 80% of your income has tax deducted at source (that means tax deducted from your income before you receive it, such as where an employer pays an employee under the PAYE system).
It's a common question in meetings we have with clients, "which online accounting provider and product should I choose?" The answer unfortunately isn't simple. You see it all depends on the following:
How well versed you are in accounting practices
Whether your company has a specific finance function
The IT and financial literacy of you and/or your team
The size and nature of your business