Income Tax and VAT payments
Question asked by Alan Bennett 4 years ago
Hi there, I would like to set up bills for my next VAT and first and second payment on account tax amounts.
When I create these could you please tell me which account I should use for the VAT and Income Tax bills?
I was thinking that corporation tax was the right account?
Also, please see image which shows that after creating these bills I now have 'Sole trader tax payable' appearing as a minus. Is that right?