Your tax questions answered
"Self Employment" - Questions
How are payments on account worked out?
You will be asked to make payments on account equal to your tax bill for the previous tax year. Of which 50% is payable by 31 January and 50% by 31 July.
You will be asked to make payments on account equal to your tax bill for the previous tax year. Of which 50% is payable by 31 January and 50% by 31 July.