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“Payments on account for the current tax year, 2019/20, are due in January 2020 and July 2020 and are based on your income tax liability for 2018/19.

As we are now ¾ of our way through the 2019/20 tax year, you may be in a position to know whether your total taxable income is going to be less than that of 2018/19.  If this is the case, your payments on account can be reduced accordingly.”

Download our EQ app and keep up to date with tax news, changes and have access to our EQ Portal, tax calculators and key tax dates at your fingertips. Click on the relevant button on your device to download our free app.

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