Business

Planning my tax payments on account

Payments on account are 50 per cent of an individual’s net tax liability for the previous year, and are used to “prepay” the tax liability due for that relevant tax year.
QUESTION: I am due to make my second Payment on Account before the 31 July 2018, to HM Revenue & Customs. My accountant advised me of my payment for the end of July some time ago but suggested that I [...]

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