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Self employed? Tax to pay on 31 July?

10 July 2009 No Comment

Apply for a reduction

You can pay less tax! The self employed normally have to pay their income tax in two 50% instalments on 31 January and 31 July every year. The system is not perfect and is based on information that’s almost two years old. If you’ve had worse results than normal over the past twelve months or so, your tax bill should be less. So, why pay more?

You can apply for a reduced payment on account. In the right circumstances, that can mean a reduction to NIL.

NIL tax!

Is that something you’d be interested in?

If you’re facing a big tax payment this 31 July, contact us and we’ll try to help get that down (legally) to the smallest amount possible. Is your accountant Proactive?

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Posted on 10 Jul 2009 by The Proactive Accountant Dot Com