Sequence of payment requires prior-period self-assessed tax and interest to be cleared before current liabilities and other demands. Payments must be applied first to self-assessed tax and interest for previous return periods, next to self-assessed tax and interest for the current return period, and finally to any other payable amounts, including confirmed demands under section 51.
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Sequence of payment requires prior-period self-assessed tax and interest to be cleared before current liabilities and other demands.
Payments must be applied first to self-assessed tax and interest for previous return periods, next to self-assessed tax and interest for the current return period, and finally to any other payable amounts, including confirmed demands under section 51.
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