31 July 2003 is the date that some people may have to make their self-assessment 'payments on account'. Each payment will normally equal one half of the previous year's tax liability (after taking off tax deducted at source and tax credits on dividends). The payments are due on 31 January in the tax year and 31 July following the tax year.
If you need to make a second payment on account for the tax year ending on 5 April 2003 this is the date by which it should be paid. You will be charged a second automatic 5% surcharge if you were due to pay tax on 31 January 2003 but where payment has not been made.
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