The processing of P1 and P2 provisional tax on Sky Software is virtually identical. The system will work out the differences based on the menu option that you select. The video below will give you an indication of how it works and deals with the calculation of P2.
We have recently changed to adopting a one screen approach in that their whole P1 and P2 provisional tax calculation will be processed on one screen.
The only thing that the system does not do is generate the payments because of the risk factor involved.
Provisional tax P1 and P2 Additional Documentation can be found on our web site.
Click here for the Sky Software Academy on provisional tax.
We have adopted a new approach which we call a one screen approach to provisional tax which is shown in the video above. There are nevertheless many options for the old method of doing batch processes at once which is detailed below.
The summary of the steps necessary to calculate provisional tax.
