We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Question about £12k tax free, taking out then £1k a month
Options
Poshsalt
Posts: 129 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
-
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
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards