Tax
Payment on Account UK: What It Is & How to Calculate
9 min read
Thistle Team•Tax & Compliance Experts
How It Works
If your last tax bill was over £1,000, you make two advance payments:
- 31 January: 50% of last year's bill
- 31 July: Remaining 50%
- Balancing payment: Any difference in January
Frequently Asked Questions
What is payment on account?
Advance payments toward next year's tax bill, based on last year's liability. Pay 50% on 31 Jan and 50% on 31 Jul.
Can I reduce payments on account?
Yes, if you expect lower income, you can request a reduction via your tax return.
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