Mark
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RE: Payment on account for PAYE and sole trader?
I understand that but that’s not my question. My question is as above - if subject talent on account am I only going to pay tax for income not taxed at source? Or that and PAYE tax for the following year? -
Payment on account for PAYE and sole trader?
Hi, If my PAYE income for a particular year was circa £50,000 (tax say £8000 for example) and my sole trader business had £2000 tax owing would I need to do payment on account for the entirety of my overall income after doing self assessment? Or is the payment on account just on the income not taxed at source? Just checking im not gogin to get a huge tax bill! Thanks,