Tax for self employed

GoldenRetreiver

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

popcornlpw

its a good question but yes...1st payment on a/c is 31 jan in that tax year

Good luck to you tomorrow

popcornlpw

I mean 31 jan in the same tax year

GoldenRetreiver

Thanks for that I thought it might be, well I'm packing up now, cheers