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.

However, as PRT has been permanently zero-rated, no field will need to make any PRT instalment payments or payments on account. As a result, the ‘calculation of amounts payable/repayable’ does not need to be completed on the PRT 6 form (see OT04100).