News

Time for the second instalment of your 16/17 tax year payments on account and rather unhelpfully, HMRC are not issuing reminders.  Cue lots of “how much was it again” queries-I think some clients are hoping that the amount may have reduced since they were last informed!

Well if your tax return for the year ended 5th April 2017 had been done by now, and the actual liability was lower, then a claim to reduce the payments could have been made.  If the liability was higher than the instalment due, then the increase would not be due for payment until January 2018, so no reason not to file early (and no nasty surprises in January).