Hi I hope someone can help me. I have been notified by our Payroll Service that the two directors are getting a refund of tax. How do i show this in the accounts. I have not done payroll yet so not sure how it should be shown. Thanks
Hi DominoRather than crediting the tax payable to PAYE on the balance sheet you would debit it as they will be receiving a refund.I hope this makes sense.Kind regardsstuart
