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Can you reduce your Payments on Account?

The 31st July is fast approaching, which means that if you have a payment on account to make to HMRC you need to act soon.

Remember, payments on account are based on last year’s profit, so if this year’s profit is likely to be less, then you will be paying more than you have to.

Knowing what to claim for and keeping your records up to date help to ensure that  you will only pay what you owe.

If you would like help in reviewing your tax liability, please give us a call or drop us a line 0161 4569666 / [email protected]

 

 

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