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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