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April 4. 2017

Look forward and see where you are heading!

Plan ahead! Look forward and see where you are heading! Plan for paying your taxes on time……

Your income tax and national insurance liabilities are payable by 31st January each year.

You may also be liable for payments on account towards the following year on 31st January and 31st July each year.

Be organised and choose one of the following options…….

  • Set up a savings account with your bank
  • Set up a payment plan with HMRC – 0300 200 3835

FBTC would advise you save between 15-20% of your gross income.

Always contact HMRC should you need to discuss your tax bill and please don't stick your head in the sand. Interest and penalties are charged on liabilities paid late.

If you’d like further advise on this or any accountancy matter, please contact FBTC on 0344 984 2515.

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