tax underpayment

Week 53 and Provisional Tax Collection

By Ian Holloway

The Learn Centre (TLC) has received quite a few queries about the possibility of underpayments of tax due to increased instances of Week 53 situations in the 2011/12 tax year.  Therefore, this warranted an in-depth discussion on the topic. The tax year is divided into 52 weeks, 26 fortnights or 13 four-weekly pay periods.  However, [...]

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Payroll Update 2013