On The Spot Blogs

#Tax Myth 4 - Submitting my tax return early, means I pay my tax earlier

Now we've just finished the usual flurry of last minute income tax returns, it's a good time to remind ourselves why we should submit our income tax and corporation tax returns early.

When I suggest this to people, about a quarter of them query it as a bad idea because it means the tax is due earlier.

This isn't true for any tax payments. Tax due dates are fixed according to accounts and tax year ends.

 

Continue reading
  1527 Hits
  0 Comments