mcpan hong
Joined: 7/29/2022
-
Interest Rate for outstanding tax payment
I would like to know what interest rate applied if my actual tax payment is higher than the advanced tax payment? e.g. If I pay 500GBP for my advanced tax payment for 2024-25, the actual required tax payment is 600GBP, I need to pay 100 GBP outstanding tax payment and do I need to pay the interest related to this 100GBP tax payment? -
Interest Tax
Hi, I would like to know if I have a fixed term deposit last for 1 year and its expiry date is on Aug 2024. In this case, my interest income should be fall into which fiscal year 2023-2024 or 2024-2025? Thanks!