There was a misprint in last month’s tax assessment timetable. The shortened timetable is as follows:
April 1996: Self assessment begins.
January 1997: First instalment of the income tax due for 1996/7. Next instalment due in July.
July 1997: Second instalment payable for 1996/7. September 1997: Tax payer must submit return if Inland Revenue is to calculate tax liability. January 1998: First tax instalment payable for the fiscal year 1997/8. Also any outstanding tax payable for 1996/7.