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how did it get £47400
Triangle Ltd is registered for value added tax (VAT) and uses the annual accounting scheme.For the year ended 31 December 2015, the net VAT payable by Triangle Ltd was £73,500.
For the year ended 31 December 2014, the net VAT payable by Triangle Ltd was £47,700.
calculate number of no of monthly payment and monthly payment amount
ans
£47400*90%/9Just look at the end answer – 4,770. The figure of 47,400 is clearly another typing error! More importantly did you get the right answer?
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