Tax laws and their misinterpretation

There was a misprint in last month’s tax assessment timetable. The shortened timetable is as follows: April 1996: Self assessment begins.

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.

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