Sequence of payment requires prior-period self-assessed tax and interest to be cleared before current liabilities and other demands. Payments must be applied first to self-assessed tax and interest for previous return periods, next to self-assessed tax and interest for the current ... Summary
Sequence of payment requires prior-period self-assessed tax and interest to be cleared before current liabilities and other demands.
Payments must be applied first to self-assessed tax and interest for previous return periods, next to self-assessed tax and interest for the current return period, and finally to any other payable amounts, including confirmed demands under section 51.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
