Six reasons your tax bill is bigger than expected this January

For retail owners across the country, this month sees the deadline for filing their 2024-2025 tax return.
And for many, January comes with a familiar shock: you check your Self Assessment calculation and think, ‘How can my bill be that high?’, writes Lee Murphy, managing director of The Accountancy Partnership.
In a lot of cases, a bigger bill doesn’t mean something’s gone wrong, it’s often down to how Self Assessment payments are scheduled.
For some taxpayers, the