When Self-Assessment Disagrees with PAYE, Which Is Right?

By Steven Tucker -

Around this time of year, lots of small business owners are doing their self assessment tax returns – in case you haven’t heard, the deadline is 31st January.

Often, even in simple cases with no other income, the self-assessment calculation comes out a pound or two different from the figures on the P60. In week 53 cases (which I’ll explain later) the difference can be significantly higher. The obvious question is, which is right?

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