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Payments on account ― income tax

Payments on account are required where:

1. •

   the amount payable at the end of the previous year was more than £1,000, and

2. •

   the amount collected at source was less than 80% of the total tax liability

TMA 1970, s 59A(1); SI 1996/1654

Each payment on account is 50% of the previous tax year’s tax liability, less the tax collected at source.

Payments