»Ê¹ÚÌåÓýapp

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

• 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

• Deduct from that figure any amount shown in the following fields

  • Tax deducted at source
  • Tax due included in later PAYE code

Notes:

1. 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.

2. »Ê¹ÚÌåÓýapp amount may be negative.