Rules Eased On Payments On Account From April 2009
26 Jun 2008
Presently self assessed tax payers are required to make a payment on account in January and July each year if their previous years self assessment exceeded £500.
This limit is to be increased to £1,000 and will be effective from 6 April 2009 (for tax years 2009/10 onwards). i.e. payments on account due January and July 2010.
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