Expenses/Income Tax/Self Assessment

UK Discussion in 'Individuals' started by JJader, Dec 23, 2018.

  1. JJader

    JJader

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    Hello, Season's greetings.

    The UK Tax year starts on 6th April and ends on 5th April.

    Now, where I pay Insurance premium of say £200.00 on 5th January 2017, should I calculate £50.00 for the Tax year 2016/2017 (three months) and carry £150.00 for Tax year 2017/2018 ?

    Or should the total of £200.00 be submitted for Tax year 2016/2017 ?.

    Its a real puzzle to me.

    Many thanks for your responses.
     
    JJader, Dec 23, 2018
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  2. JJader

    Becky Administrator

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    Becky, Dec 24, 2018
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  3. JJader

    JJader

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    Thank you, will do.
     
    JJader, Dec 24, 2018
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