Hi,
just a quick query regarding payment on account and sample figures....
If last year's (i.e. 2009/10) tax return I had to pay around £2500 * 2 payment on account.
If this year's (i.e. 2010/11) tax return my additional tax liability would be about £100, i.e. ( £10100-(2500 *2))
questions:-
1) Will hmrc still demand payment on account ? about how much?
2) what is the max tax liability before payment on account is needed for 2010/11 ? (assuming no POA is needed in (1) )
cheers
css_jay99
just a quick query regarding payment on account and sample figures....
If last year's (i.e. 2009/10) tax return I had to pay around £2500 * 2 payment on account.
If this year's (i.e. 2010/11) tax return my additional tax liability would be about £100, i.e. ( £10100-(2500 *2))
questions:-
1) Will hmrc still demand payment on account ? about how much?
2) what is the max tax liability before payment on account is needed for 2010/11 ? (assuming no POA is needed in (1) )
cheers
css_jay99
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