paying SAtax monthly?

paying SAtax monthly?

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Hi All

quick question

Is it possible to pay tax due on SA monthly? 

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By AndersonAccountancy
05th Jan 2016 09:43

The rule says that all tax owed must be paid by 31st January - nowhere does it say how to pay that. I do recommend to clients (those who have large tax bills) that if they wish to make monthly payments, do so but ensure that their UTR number is used as the reference. Have not had any adverse reaction from HMRC yet.

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By Paul D Utherone
05th Jan 2016 10:22

You can pay it when you like

but I do not think you will necessarily get interest supplement added where you pay before there is any liability.

Stick it in Premium Bonds :) Which is not to constitute any sort of investment advice!!

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