Hi, I am an IT contractor at the moment, I will be jacking it all in to go and live abroad in July 2006. I remember last year i had to pay tax in june for the forthcoming year as a forecast. Will I have to do this again this year even though i intend to live abroad?
Many thanks
Craig
Tax forecast
2 posts • Page 1 of 1
by deanshepherd on Thu Jan 05, 2006 12:39 pm
Your payments on account for 2005/06 payable on 31st January and 31st July 2006 will still apply, assuming your earnings will continue to be at the same level.
Your payments on account for 2006/07 can be reduced accordingly on your 2006 tax return; or seperately using form SA303 available from the Revenue's website (www.hmrc.gov.uk).
You will still need to do a 2007 tax return.
Dean Shepherd
dean.shepherd@mmi-online.co.uk
MMI Accountancy
www.mmi-online.co.uk
Your payments on account for 2006/07 can be reduced accordingly on your 2006 tax return; or seperately using form SA303 available from the Revenue's website (www.hmrc.gov.uk).
You will still need to do a 2007 tax return.
Dean Shepherd
dean.shepherd@mmi-online.co.uk
MMI Accountancy
www.mmi-online.co.uk
- deanshepherd
- Posts: 1082
- Joined: Wed Aug 06, 2008 3:23 pm
2 posts • Page 1 of 1
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