Jun 11
[Note:- this article was originally scheduled for appearance in April but unfortunately time constraints delayed it until after the 2008 end-of-year filing deadline. I've published it now in the hope that it will show potential company-founders how easy it is to stay on top of such things].
At the end of the tax year, (ie. 5th April), you must file a return that tells HMRC the breakdown of the income tax and NIC payments you have made throughout the previous year. HMRC need this information because tax and NI deductions are paid to them monthly throughout the year without any additional details about the breakdown. (See part 1 of this article for more information). Read the rest of this entry »
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