Claim to reduce payments on account?

Can my client make a claim to reduce her 2018/19 POA's if her only liability will be CGT?

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Client has a large 2017/18 income tax liability because of dividends. This has instigated POA's for 2018/19.

For 2018/19 she will have no additional IT liability, but will have a CGT liability (from the sale of shares).

Can she make a claim to reduce her 2018/19 POA's to £NIL on the basis that she will have no additional IT liability, notwithstanding that she will have CGT to pay?

I am aware that CGT from one year is not taken into account for POA's for the following year, but this is a bit different.

Thanks.

 

Replies (3)

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By SteveHa
20th Sep 2018 08:58

You can reduce. There is no payments on account structure for CGT.

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By Paul D Utherone
20th Sep 2018 09:05

Yes. Due date for 18-19 CGT will be 31/1/2020

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By AlgernonB
20th Sep 2018 16:23

Happily-interim tax payments are income tax/NIC only, not CGT

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