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flag HMRC warns self-employed UK individuals of a July 31 tax payment deadline to avoid penalties.

flag HMRC warns about the July 31 deadline for "payment on account," affecting around two million self-employed UK individuals who filed a self-assessment tax return. flag Missing this deadline could lead to interest charges, increased debt, and harm to credit ratings. flag Aaron Peake, a finance expert, advises on steps to take, including updating income details, making payments through HMRC services, and keeping receipts for future tax returns.

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