# The Value Added Tax (Payments on Account) Order 1993, Article 12: Calculation of the payments on account

Extent: E+W+S+N.I.

(1) Subject to articles 12A, 13, 14 and 15 below, the amount of each payment on account to be made by a taxable person who falls within article 6 above shall equal one twenty-fourth of the total amount of tax, ... which he was liable to pay in respect of the prescribed accounting periods the ends of which fell within the basic period.
(2) The reference in paragraph (1) to the “total amount of tax” includes only tax that is required to be, or has been, accounted for on a return for a prescribed accounting period.

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Source: https://www.legislation.gov.uk/uksi/1993/2001/article/12 (the official version)
Page: https://openlegislation.uk/value-added-tax-payments-on-account-order-1993/article-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.