SAM121272 - Returns: individuals returns: bankruptcy cases: appropriate amount of pre-relevant date liability
To calculate the appropriate amount of the pre Relevant Date liability when computing payments on account in a bankruptcy case, you should
- Use function CREATE RETURN CHARGE to view the pre Relevant Date liability
- Make a note of the figure shown in the Income tax due after reliefs field
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Add to that figure any amount shown in the following fields
- Recoverable tax on charges
- Class 4 National Insurance
- Underpaid tax for earlier years included in PAYE code
- CODA Partnership Tax due
- CODA Partnership NIC due
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Deduct from that figure any amount shown in the following fields
- Tax deducted at source
- Tax due included in later PAYE code
Notes:
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Amounts shown in any other fields on the screen can be ignored as they do not form part of the payments on account for next year.
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The amount may be negative.