Why does HMRC still require “payment on account” after I have moved to PAYE?
How do I stop payment on account?
How to stop automatic debits from your account
- Call and write the company. Tell the company that you are taking away your permission for the company to take automatic payments out of your bank account. …
- Call and write your bank or credit union. …
- Give your bank a “stop payment order” …
- Monitor your accounts.
When did HMRC introduce payment on account?
1990
Why does Tax Payment On Account exist? Tax payment on account was introduced in 1990 for self-employed people. It was designed to help individuals and companies spread the cost of tax payments throughout the year rather than waiting until 31st January each year when all taxes are due at once.