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balancing payment / payment on alc

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › balancing payment / payment on alc

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by Tax Tutor.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • October 16, 2016 at 10:39 am #343412
    Jean96
    Member
    • Topics: 77
    • Replies: 67
    • ☆☆

    hi sir could we paid balancing payment given payment on account

    October 16, 2016 at 12:12 pm #343423
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Yes – payments on account are based on the tax payable of the preceding year so a balancing payment will be required if the tax payable for the current year is bigger than last year.

    October 17, 2016 at 10:06 am #344111
    Jean96
    Member
    • Topics: 77
    • Replies: 67
    • ☆☆

    plz could we have an example i am a bit problem on it

    October 18, 2016 at 12:26 pm #344668
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    You have one – it is in the OT course notes!

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