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Is there anything to stop me putting all my figures in for the last calendar year as soon as the HMRC lets me and getting a figure so I can pay off gradually over 12 months? This year I had to do my first return for a property rental. But only 2 months fell in 14-15 so it was easy. I've all my paperwork in spreadsheets / ring binder. Is there any reason NOT to do this?
The earliest you can submit 15/16 figures is when the system goes live in the second week of April.Taxes do not run to calendar yearsbut yes, filing early gives you lots of time to pay
I meant tax year but am clearly hopeless. (I really should know better) Thank you for confirming. It's appreciated.
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