We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Year end tax query
DoingWhatICan_3
Posts: 1 Newbie
in Cutting tax
I have filed my tax return on-line and paid what I owe for 2010-11 but my summary wants me to also pay half of this tax years 2011-12 monies in advance - by the 31st Jan. My question is: if I do not pay this 'extra' will I be fined?
0
Comments
-
The payment on account is standard .... if the amount due for the year you are filing is £1k or more. Been like that (but a lower threshold of £500) since 1997. No penalty for not paying it on time - just interest at 3%.If you want to test the depth of the water .........don't use both feet !0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards