TAX REQUIREMENTS
	Income Tax
	In order to avoid possible interest charges, you must pay by the due date. If you did not meet the Preliminary Tax Requirements, you may be liable to an interest charge. In that event it may be advisable, in order to reduce your exposure to interest, to make any balancing payment now.
	The Preliminary Tax must be a minimum of either:
	90% of the tax payable for the current tax year. 100% of the tax payable for the previous tax year
	Preliminary Tax is due on 31st October* in the year of assessment.
	The due date for the Income Tax Return and Balancing Payment is the 31st October* in the year after the year of assessment.
	A surcharge will be imposed where the return is submitted after the due date.
	* 31st October is the payment date for:
	Preliminary Tax for the current year. Balance of income tax for the previous year.