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Explore our blog - you'll discover a selection of useful accounting news articles and all the latest updates from MATCH Accounting.

Payments on Account – Explained

Sometimes overlooked when calculating a persons tax due, payments on account are effectively the taxpayer paying tax in advance. Generally speaking, when a persons self assessment tax liability is above £1,000 for a tax year, HM Revenue and Customs will ask that person to make Payments on Account for the following tax year. The amount…

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