Self-assessment - payments on account (tax bill under the £1,000 threshold)

My income for the 2023/24 took a bit of a dive, so apparently I am now owed a sum that is (as far as I can gather) my two payments on account paid earlier this year and a small overpayment. My question is: What happens to payments on account for 2024/25? Does HMRC assume I will earn a similarly low amount and thus forgo the advance payments for now, so that I pay the full balance next year? As if I was starting out from year 0? There was nothing on the calculation/statement that suggested I needed to pay anything, but I thought I'd better confirm. Many thanks. :)

Hi,

If your 23/24 tax amount owed is less than £1000, your 24/25 payments on account will be calculated as £0.00, and any tax owed from 24/25 will be paid when you file your 24/25 return. If

the tax you owe for 24/25 is over £1000, payments on account will be calculated for 25/26, and so on.

Understand your Self Assessment tax bill

Thank you.