Payments on account under TMA70/S59A for any tax year are due on 31 January of that tax year and 31 July next following that tax year, subject to de minimis limits and are calculated by reference to the tax liability for the preceding year.

Where a taxpayer's circumstances change significantly from one year to the next, they can make a claim to reduce or cancel the payments on account.

The revised payments should reflect the taxpayer's views on what payment on account, if any, are due for the current year.

A penalty can be charged where a taxpayer, fraudulently or negligently EM5125, makes an incorrect statement in connection with such a claim.

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