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The date your tax is due, and how you can pay it, depends on the business that you have. For example, sole traders must pay their tax bill for each year by the following 31st January.
If you or your business employs staff, then you must also pay PAYE and NI each time you run payroll.
Watch our short video guide to make sure you know exactly when and how to pay your tax bill.
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The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?
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