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End of Year tax payments

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    End of Year tax payments

    If you keep up to date with you IR PAYE/NI payments and VAT payments what would be the percentage to keep aside for the end of year calculations?

    #2
    If you are asking "how much ct will I pay?" Then as a rough guide profit * 19%.

    As a rough guide to profit:-

    Net billings (prevat) - salary - ER's NI - anyother expenses - capital allowances

    Whether or not you are upto date with the PAYE and VAT payments is largely irrelevant since the accounts are prepared on an accrual basis.

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