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Tax for self employed

GoldenRetreiverGoldenRetreiver Feels At HomeRegistered Posts: 64
Hi just doing a mock exam question and am a bit stuck, a person starts their own business 1 June 2007 to 5th April 2008 first year. When should they pay their first instalments of tax to Inland Revenue? is it 31 Jan 2008


  • popcornlpwpopcornlpw Feels At Home Registered Posts: 30
    its a good question but yes...1st payment on a/c is 31 jan in that tax year

    Good luck to you tomorrow
  • popcornlpwpopcornlpw Feels At Home Registered Posts: 30
    I mean 31 jan in the same tax year
  • GoldenRetreiverGoldenRetreiver Feels At Home Registered Posts: 64
    Thanks for that I thought it might be, well I'm packing up now, cheers
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