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UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: LWC on April 04, 2009, 11:11:39 pm

Title: Tax on account
Post by: LWC on April 04, 2009, 11:11:39 pm

As i was wounded with half up front this last year for first time, do you get a reminder in july when i gotta pay the other half up?

Title: Re: Tax on account
Post by: NWH on April 05, 2009, 12:13:21 am

Yes you do.

Title: Re: Tax on account
Post by: kris martin on April 05, 2009, 04:02:11 am

yep and its a right pain in the backside so dont make too much on last year else you will find your self in the poo  :-\ you will find yourself paying nearly 60% on an amount  >:(

Title: Re: Tax on account
Post by: LWC on April 05, 2009, 08:24:52 am

Quote from: kris martin on April 05, 2009, 04:02:11 am

yep and its a right pain in the backside so dont make too much on last year else you will find your self in the poo  :-\ you will find yourself paying nearly 60% on an amount  >:(

What do you mean?

Title: Re: Tax on account
Post by: Chris B on April 05, 2009, 09:08:33 am

Its a bit late now but you could have payed your January and July bill in monthly installment up untill October, see HMRC about paying Julys  ;)

Title: Re: Tax on account
Post by: kris martin on April 05, 2009, 10:24:59 am

Quote from: LWC on April 05, 2009, 08:24:52 am

Quote from: kris martin on April 05, 2009, 04:02:11 am

yep and its a right pain in the backside so dont make too much on last year else you will find your self in the poo  :-\ you will find yourself paying nearly 60% on an amount  >:(

What do you mpean?

You have to pay for next year if your tax bill is over £500 so not just 20% tax and 8% nay INS that doubles on any amount you make more than on the previouse year, it can be a right pain if you havnt saved it.