Glossary · Self-assessment
Balance of tax
What's left to pay for a year once preliminary tax and tax deducted at source are taken off.
Your Form 11 works out the year's total tax bill. Subtract the preliminary tax you paid and any tax deducted at source, and the rest is the balance, due with the return.
Work it out
Related terms
Pay and file · Preliminary tax
All terms · General information, not tax advice.