Income tax and Class 4 NICs due (from step 6) |
|
xvar0 |
(C11.66) |
Taxable capital gain |
xvar1 |
(C9.4) |
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Taxable at 20% |
xvar2 |
(C9.10) |
x 20%= |
xvar3 |
(C9.11) |
Taxable at 40% |
xvar4 |
(C9.12) |
x 40%= |
xvar5 |
(C9.13) |
plus liability from offshore trusts |
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xvar6 |
(C9.15) |
minus tax credit relief for non-UK gains |
|
|
xvar7 |
(C9.16) |
Capital gains tax |
|
|
|
xvar8 |
(C9.17) |
Total tax and Class 4 NICs due |
|
|
|
xvar9 |
(C11.68) |
| |
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Step 8 - Working out payments due |
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Total tax and Class 4 NICs due
(from Step 7) |
|
|
xvar10 |
(C11.68) |
plus tax already refunded in the year |
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xvar11 |
(C12.2) |
plus unpaid tax for earlier years |
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xvar12 |
(C12.3) |
Total tax and Class 4 NICs due |
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|
xvar13 |
(C12.3) |
minus tax overpaid for earlier years |
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xvar14 |
(C12.5) |
minus any payment on account for 1999-2000 already made |
|
|
xvar15 |
(C12.7) |
Tax you owe |
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|
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xvar16 |
(C12.9) |
OR |
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Tax refund due from the Revenue |
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xvar17 |
(C12.10) |
minus tax of under £1,000 to be collected through PAYE* |
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xvar18 |
(C12.11) |
plus first payment on account for 2000-01 |
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xvar19 |
|
Payment due on 31 January 2001 |
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xvar20 |
|
Payment due on 31 July 2001 (second payment on account) |
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xvar21 |
(C12.15) |
Tax relief for the 2000-01 tax year which you are 'carrying back' to 1999-2000 (see Help for how to claim this) |
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xvar22 |
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* To do this you must submit your tax return by 30 September 2000 |
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