If I earn amount X between april '10 and april'11 then make a payment on account of Y in july'11
When I am submitting my tax return for april'11 to april'12 am I supposed to deduct this payment from my profit?
If so, how is this represented on the online form? Its not clear where I should add in this amount.
Self Assesment
2 posts • Page 1 of 1
Self Assesment
by LOGIK1 on Tue Jul 12, 2011 4:29 pm
- LOGIK1
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Re: Self Assesment
by Tax Champion on Tue Jul 12, 2011 4:36 pm
You don't enter payments on account on the tax return (online or paper) as they do not affect the overall tax position. HMRC will take any payments into account when telling you what to pay in January 2012.
- Tax Champion
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2 posts • Page 1 of 1
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