Harry Quinn
Joined: 5/5/2024
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RE: First payment on account for 2024-25
Hello. I have two payments on account in 2024 (31 January - already paid; and 31 July, still to come) as my 2022/23 tax return requires but the total is less than the tax I may owe for the subsequent year, 2023-24. I assume I won't be charged interest provided that I (a) pay both payments on account by the due dates and (b) pay the shortfall as a balancing payment by midnight on 31 January 2025. Is that correct? Thanks.