Tax liability paid by PAYE
Poodle
Registered Posts: 711 Epic contributor 🐘
Hi
I have just completed the accounts for a client who got their books in after 31st December.
They have a couple of property lets and PAYE.
Their liability to tax has come out at just over £1k.
I know that they have mised the deadline to enable payment through their 2008 PAYE code and so they have to pay up by the end of January, plus 50% payment on account.
Or do do they?
Poodle
I have just completed the accounts for a client who got their books in after 31st December.
They have a couple of property lets and PAYE.
Their liability to tax has come out at just over £1k.
I know that they have mised the deadline to enable payment through their 2008 PAYE code and so they have to pay up by the end of January, plus 50% payment on account.
Or do do they?
Poodle
0
Comments
-
If less than 80% of the tax due has been deducted at source then they will have an on account payment.0
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