Help, Im completely confused on how to pay my tax returns!?
If you want to let the tax man work out the tax you owe then you must submit the forms by Sept in this case Sept 07 for the tax year April 06 to April 07 If you want to do your own tax calculation or your accountant does then I think they should be submitted by 1st Jan 2008 and the tax paid by the end of January…I notice you did not become self employed until June 2007 so your tax year is April 2007 to April 2008….you will get or apply for a tax form in April 2008…completed as above by Sept for tax man to work out or January 2009 for you to do…..so at the moment you are OK…Keep all receipts for things you wish to claim….the tax return is quite complicated I warn you…best to get an accountant.