Tax for self employed

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GoldenRetreiver
GoldenRetreiver Registered Posts: 64 Regular contributor ⭐
in AAT Level 4 (Level 8 in Scotland)
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

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  • popcornlpw
    popcornlpw Registered Posts: 30 Regular contributor ⭐
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    its a good question but yes...1st payment on a/c is 31 jan in that tax year

    Good luck to you tomorrow
  • popcornlpw
    popcornlpw Registered Posts: 30 Regular contributor ⭐
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    I mean 31 jan in the same tax year
  • GoldenRetreiver
    GoldenRetreiver Registered Posts: 64 Regular contributor ⭐
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    Thanks for that I thought it might be, well I'm packing up now, cheers

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