I've just filled in my tax return and my income tax liability is higher than last year. I paid 100% of last years liability in preliminary tax.
In completing my return, I now have a 'balancing amount for 2013' to pay - and will also be paying 100% of this years liability for preliminary tax for 2014.
Would I be correct in saying that neither of these payments are due until November?
In completing my return, I now have a 'balancing amount for 2013' to pay - and will also be paying 100% of this years liability for preliminary tax for 2014.
Would I be correct in saying that neither of these payments are due until November?