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Question about £12k tax free, taking out then £1k a month
Poshsalt
Posts: 132 Forumite
company accounts are OCT-OCT, took out £12k.
Claimed HMRC paye for the £12k.
But if I take out £1k a month from NOV -NOV.
Can I write down the £12k tax free on the next April period? Or do I have to wait until the start of april to start taking £1k a month as a salary.
0
Comments
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It is when you are paid (or become entitled to the pay) that counts for income tax, not which company year it is in.0
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