Hello all,
I know this is not such a new thing but it is new to me and I'm really confused. I've looked on the HMRC website and their explanation still baffles me...
I will complete my 1st tax return by 31st Jan 2017 and I have earned less than the threshold to pay any tax. My accounting period this time is July 2015 to April 2016 but usually I will do April to April.
My question is, as I've not earned enough to pay tax this time round, will I have to pay anything in advance for the following year?
Thanks so much 