Member Since: 16th Oct 2014
10th Feb 2016
payments on account on a quarterly basis is fine, provided thet income is received evenly and regularly throughout the year, but this does not happen in lots of cases, where the majority of income is received in a short period of time and expenditure could be incurred evenly throughout a year, or maybe the majority could be incurred in a completely differnet period.
How will this fit in with cash flow? Will it mean large payments on account in onbe quarter, and refunds in another quarter? We all know how difficult it is to get refunds from HMRC!