Article 3 Payments on account

A taxable person of a description falling within article 4 below shall be under a duty to pay, on account of any tax he may become liable to pay in respect of each prescribed accounting period exceeding one month beginning on or after 1st October 1992, amounts (in this Order referred to as “payments on account”) determined in accordance with this Order and at such times as so determined;

provided that where such a taxable person has a prescribed accounting period exceeding one month which begins on or after 2nd September 1992 and which relates to the tax period reference 12/92 shown in the certificate of registration issued to him, he shall have a like duty to pay payments on account also in respect of that prescribed accounting period.