P plant43 Registered User Messages 393 29 Nov 2009 #1 Hi, I am about to declare some extra income that I earned this year to revenue. I am a PAYE worker. At this stage of the year, will they ask for cash payment or will they adjust my tax credits for next year? Thanks in advance.
Hi, I am about to declare some extra income that I earned this year to revenue. I am a PAYE worker. At this stage of the year, will they ask for cash payment or will they adjust my tax credits for next year? Thanks in advance.
M mercman Guest 29 Nov 2009 #2 Earnings in 2009 are due by October 2010. Capital Gains Tax for this part of this year is due end Jan 2010.
Earnings in 2009 are due by October 2010. Capital Gains Tax for this part of this year is due end Jan 2010.
P plant43 Registered User Messages 393 29 Nov 2009 #3 Thanks, does that mean I can wait until next year to declare the extra earnings without penalty?