Council Tax
Tom Haskins-Vaughan
tom at meandmini.com
Thu Mar 10 15:03:18 EST 2005
> Annual or monthly, it's still an expense. How do you record your car tax? Your
> Income Tax? You don't owe income tax until you receive income. You aren't
> borrowing money from the government and then having to pay it back.
I think the reason I want to use a Liability account is so that I always
know how much I owe. But for the initial payment on the first of April
I will have an expense account Expense:Tax:Council Tax.
I can see what you mean about it only being a monthly payment. I guess I
just like the idea of my Liability account being decreased over the year
rather the expense account being increased. Purely psychological :)
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