Income Tax: Payments to account

System

I'm finding this a little difficult to get my head around, so can I just run through what I think should be happening and then I'd appreciate if someone could point out my faults?<BR><BR>Let's say the liability for the tax year to 05 April 2002 was £2,400, and to 05 April 2001 = £2,000. The 02 return would have to be submitted by 31 January 2003, yes? So when a payment to account is made on 31 Jan 03, it would be £1,000?<BR><BR>A further £1,000 would be made in 31 July 2003.<BR><BR>An additional £400 would be paid by 31 January 2004, and then £1,200 paid to account for the tax return to 05 April 2002? (I had previously put 05 April 2003 here by accident)<BR><BR>This could be right but it has my head totally screwed. Could someone advise please?<BR><BR>Thanks.

System

Income Tax: Payments to account

The way I see it is that the 02 return is due on 31 January 03 along with any sweep up payment, which in this case is £400. Also along with that payment is the first payment on account for 03 (which would be half the previous tax bill) of £1200. There would also be a payment of £1200 due on 31 July which then leaves any sweep up payment for the next January.<BR><BR>Please anyone correct me if I'm wrong.<BR><BR>Annette