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to phrases
payment on account
gen.
Payments on account are tax payments made twice a year by self-employed Self Assessment taxpayers to spread the cost of the upcoming year's tax. They're calculated based on your previous year's tax bill. In other words, HMRC is making a prediction about your future income based on your past income. They're due in two instalments – the deadlines are 31 January and 31 July.
(
simplybusiness.co.uk
LadaP
)
payment:
2 phrases
in 2 subjects
Abbreviation
1
Medical
1
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