Hi
I just filled in Form 11 online, I am a PAYE worker with additional liability for share options sold in 2010.
At the end it calculates two figures for me:
Total Liability, which I understand, its the extra tax I owe for 2010.
But it also calculates an amount due for ""Total Liability for 2011 Preliminary Tax Purposes". What is this?
I understand I owe tax for 2010, but as a PAYE worker how can I owe preliminary tax for 2011 on a 2010 tax return?
I have to pay the 2010 liability now, do I also have to pay the Preliminary tax for 2011?
Thanks in advance
I just filled in Form 11 online, I am a PAYE worker with additional liability for share options sold in 2010.
At the end it calculates two figures for me:
Total Liability, which I understand, its the extra tax I owe for 2010.
But it also calculates an amount due for ""Total Liability for 2011 Preliminary Tax Purposes". What is this?
I understand I owe tax for 2010, but as a PAYE worker how can I owe preliminary tax for 2011 on a 2010 tax return?
I have to pay the 2010 liability now, do I also have to pay the Preliminary tax for 2011?
Thanks in advance