 Tax swap

A depositing taxpayer who has overpaid at one provisional tax date and underpaid at another can swap tax between these dates (or with another depositing taxpayer) to even out payments to either increase or reduce the amount of interest payable or receivable.A tax swap is a combination of a tax sale and a tax purchase.Tax finance

This arrangement allows a taxpayer to pay an upcoming instalment of provisional tax at a date in the future that suits them.