{"id":2099,"date":"2026-09-09T16:07:01","date_gmt":"2026-09-09T16:07:01","guid":{"rendered":"https:\/\/capitalaccountants.co.uk\/?p=2099"},"modified":"2026-09-09T16:07:02","modified_gmt":"2026-09-09T16:07:02","slug":"income-dropped-you-may-be-able-to-reduce-your-payments-on-account","status":"publish","type":"post","link":"https:\/\/capitalaccountants.co.uk\/index.php\/2026\/09\/09\/income-dropped-you-may-be-able-to-reduce-your-payments-on-account\/","title":{"rendered":"Income Dropped? You May Be Able to Reduce Your Payments on Account"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">If your income has fallen significantly, you do not necessarily have to keep paying the same payments on account as last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Payments on account are normally based on your previous Self Assessment tax bill. If you expect your tax bill for the current year to be lower, you can ask HMRC to reduce your payments on account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example, if your income has dropped because you lost a client, reduced your working hours or your business turnover has fallen, you can make a claim to reduce the amount due.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, the reduction should be based on a reasonable estimate of your current tax liability. If you reduce your payments too much and later owe more tax, interest may be charged on the amount underpaid.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can make a claim online through your HMRC Self Assessment account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If your income has fallen significantly, you do not necessarily have to keep paying the same payments on account as last year. Payments on account are normally based on your previous Self Assessment tax bill. If you expect your tax bill for the current year to be lower, you can ask HMRC to reduce your&hellip; <br \/> <a class=\"read-more\" href=\"https:\/\/capitalaccountants.co.uk\/index.php\/2026\/09\/09\/income-dropped-you-may-be-able-to-reduce-your-payments-on-account\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2104,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/2099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=2099"}],"version-history":[{"count":1,"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/2099\/revisions"}],"predecessor-version":[{"id":2113,"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/2099\/revisions\/2113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/media\/2104"}],"wp:attachment":[{"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=2099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=2099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=2099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}