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Avoid Unnecessary Interest


Posted: 03/12/2012    By: Andy Crawford      Leave comment | None left yet

Tagged: blog

By paying all your taxes on time, you will avoid paying any non-deductible interests for late payments.

If you owe tax after completing your tax return (say £100) if you do not pay this by 30 days you will be liable to pay an interest on the tax owed plus a 5% surcharge. A further 5% surcharge will apply if you leave it 6 months to pay and another 5% surcharge for 12 months late payment.

For any help with tax and regulations please do not hesitate to contact me, all my info is on the ‘Contact’ page of the website.


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