Request for Payments in Advance 2023-2024 (Jan and July)

After completing tax return I have a balance to pay, which is OK. I am also told that I need to make a first payment on account of half this amount by January 2024 and another of same amount by July 2024.I am paid through PAYE. I have checked my income estimates and these are less than this year. I have also corrected the income estimate from employment and added expected P11D benefits. It says this takes 48 hours to update. I have been paying PAYE tax since start of tax year so no arrears. The calculation seems to be assuming that my income will be the same and that I am paying tax at the same rate. Should I pay the due tax ands wait to see if the advance payment reduces?

Hi,

You can see guidance here:

https://www.gov.uk/understand-self-assessment-bill/payments-on-account

Thank you.