@bazzacollins like this: annual deadline will be brought forward, so you’ll have to pay sooner, and HMRC will get your money more quickly.
No more tax returns? Hmmm... Will wait and see how that pans out.
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@kennyhemphill To be honest, I think that's fair enough. Never understood why tax was paid so far in arreas. -
@KevinPocock@bazzacollins It’s only ten months if it’s earned in March. It happens. -
@kennyhemphill@KevinPocock Even then, you don't pay tax on income you haven't received. -
@bazzacollins@KevinPocock tax is calculated on an accruals basis, so on invoiced total for year, not money received during year. -
@kennyhemphill@KevinPocock This is why I employ an accountant :) -
@bazzacollins@KevinPocock Yep, me too. I had to double-check it after reading your tweet. - 1 more reply
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@bazzacollins - What's a tax return? -
@MikeHenson When did you join Take That? -
@bazzacollins - Didn't you know, I'm their financial advisor :)
End of conversation
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@bazzacollins Unless they can afford huge increases in accountancy fees, obv.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@bazzacollins Unless you as an individual know precisely how to deal with expenses, not well. Will lead to smaller corps/workers overpaying.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@bazzacollins Not sure my accountant will be happy.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@bazzacollins via digital at any point in the year.Thanks. Twitter will use this to make your timeline better. UndoUndo
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