I have a client of mine who does his own SA return from my bookkeeping.
Based upon his profits for 2010/11 he has paid £2500 tax on 31/12/11 and is due to pay a further £2500 by 31/07/12
On his online calculation for 2011/12 his tax & class 4 nics is only £400 due to capital allowances being used. Online it states that this £400 should be paid by 31/01/13 with £0.00 being payable 31/07/13
His and my questions are:
1. If he files his return before 31/07/12 will he still have to pay the £2500
2. Will he get the £2100 (£2500 paid 31/12/11 less £400 due) back as a refund.
I think that 1, he shouldn't have to pay the £2500 and 2 he should get the refund
I would appreciate it if someone could confirm I am correct or not
