RH52 H
Joined: 1/5/2023
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Newly self employed 2023/24- when to pay tax?
Posting on behalf of someone who has asked me for advice. Started tax year 2023/24 as employed so tax deducted under PAYE but recently started as self employed. Does he have to make a provisional tax payment on account for 31 January 2024 regarding 2023/24?We understand final payment for 2023/24 due by Jan 2025. If a provisional payment on account is required, how does he calculate this - is it 50% of estimated self employed income for 2023/24? Thanks