Re: inland revenue - how to classify payments to?


"Martin" <ngng@xxxxxxxxxxxxxxxxxxxxxxxxxx> wrote in message
news:1Zdqf.4653$f7.345@xxxxxxxxxxxxxxxxxxxxxxx
>
> "Elizabeth M" <emem123@xxxxxxxxx> wrote in message
> news:43a96474$0$82660$ed2619ec@xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
>> Hi, Ive just paid my first tax bill and was just checking to confirm how
>> I input this into
>> my pc accounts programme! is this payment categorised as "drawings" like
>> NIC payments?
>
> Yes - assuming you're a sole trader, and you're talking income tax & NIC4,
> rather than PAYE remittances for employees.
>
> If this is your 31/1/06 payment, you could have hung on to the money a bit
> longer... :-(

True but I am a naive beginner but its out of the way now though (and wasn't
very much)!
tvm


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