OT04150 - PRT: Administration: Payment Provisions - Payment on Account - PRT 6

PRTA80\S1

For each chargeable period PRT is accounted for by a system of instalments (see OT04210) commencing in the chargeable period itself, and a payment on account, (see OT04180) which falls due two months after the end of the chargeable period. On assessment any balance of PRT due and not met by instalments is payable six months after the end of the chargeable period or, if later, 30 days after the date of assessment.