Petition Make payments on account optional for the self employed
Currently the self employed are expected to pay 50% of the next years tax bill based on the previous year tax. Self employed people don’t earn a fixed amount therefore the payments on account is needed to pay bills.
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Make POA optional. Give us the choice to pay it. I always put money aside for my tax bill but have a quiet start to the year generally so I need the money that HMRC are demanding. I feel the HMRC are getting an interest free loan from the self employed.
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament