453 – Income tax paid in instalments

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Enter the total of the instalments you paid for 2020, which may be shown on the copy of form TPZ-1026.A-V, Instalment Payments Made by an Individual, that you received for the purposes of your March 2021 payment.

Interest on instalments

We charge interest, compounded daily, on any instalment (or portion thereof) not paid by the due date. If the amount paid is less than 75% of the required instalment, additional interest of 10% per year, compounded daily, is charged on the unpaid portion of the instalment.

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