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rachel_mclean


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Tax payment on account - does this figure include capital gains tax?
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Just a quick question on working out a tax payment on account.

When you are working out the payments on account for the next year, do you split the total tax bill in 2 even though it includes capital gains tax? and pay half the amount?



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Rachel
NickCraggs


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Dont include capital gains tax as these are one of items that wont be disposed of again.  Next year you may dispose of something completely different or nothing at all.

 

The POA system just works on income tax, which generally doesnt change very much year on year.

 

hope this helps

Nick



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Nick 

Nick Craggs FMAAT ACA  AAT Distance Learning Manager

@nickcraggs 

BKN Tutor of the Year 2013 & 2015


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