FAQs - Administration Periods

Q. How do I pay tax on any income I receive?

A. On most occasions when you receive interest or dividends, it will have tax deducted at source, or have a tax credit with it. You will not have to pay any extra tax on this income. If you have income that has not had tax deducted at source, you may need to complete a Self Assessment return. In some circumstances - generally where the estate is a small one and can be completed quickly - you can account for the tax due by means of a one-off payment. Ask the responsible tax office for more details.