Sorted. I just required the journal entry containing PAYE and Employer’s NI only. Thanks for all the help.
Won’t it be transfer from drawings instead what you’re saying is transfer to drawings.
Any payments of personal tax (e.g. as a result of a self assessment) isn’t classed as an allowable expense. So if it’s paid out to HMRC from your business account, this can’t be used to reduce your profit and should be tagged as a transfer to the drawings account
This topic was automatically closed after 7 days. New replies are no longer allowed.