UK Expenses/Income Tax/Self Assessment

Joined
Dec 23, 2018
Messages
2
Reaction score
0
Country
United Kingdom
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.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

Forum statistics

Threads
11,778
Messages
27,846
Members
21,825
Latest member
Confused100

Latest Threads

Top