A balancing payment and a payment on account are not the same thing, but they are related concepts in the UK tax system. Both are part of the process of managing your tax payments with HMRC. Here we explain the difference:
A balancing payment and a payment on account are not the same thing, but they are related concepts in the UK tax system. Both are part of the process of managing your tax payments with HMRC. Here we explain the difference:
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