Welcome to the TAP business school! In this video, we'll explain everything you need to know about payments on account.
Payments on account were introduced by HMRC to make paying your Self Assessment tax easier. They help to split the payments across the year. They can however, become a problem if you have reduced profits in the following year.
In this video we'll review:
Introduction (0:00)
When will I need to make payments on account? (0:14)
An example of how to calculate payments on account (0:45)
How to reduce your payments on account (2:39)
If you like this video, you may also find the following content useful:
Deadlines and Penalties for Sole Traders: [ Ссылка ]
Income Tax and NI for Sole Traders: [ Ссылка ]
UK Tax Rates for Employers, Small Businesses and the Self-Employed in 2020/21 : [ Ссылка ]
---
At The Accountancy Partnership we provide client focused, complete online accountancy services for a low monthly affordable fee.
Based in Cheshire & London, we offer our online accounting services nationwide, throughout the whole of the UK.
Find us at [ Ссылка ]
#accountancy #payment #deadlines #vat #bookkeeping
