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bpp question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › bpp question

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 3, 2020 at 9:35 am #569843
    jean989
    Participant
    • Topics: 29
    • Replies: 9
    • ☆

    Dear Sir,

    Could you please explain me this question on self assessment
    20 Based on her income tax liability of £15,600 for the tax year 2018/19, Sarah was liable to make two
    payments on account for the tax year 2019/20 of £7,800 each.
    In May 2020, Sarah made a claim to reduce her second payment on account to £6,000. This reduced
    payment was made on 30 September 2020.
    Sarah’s actual income tax liability for the tax year 2019/20 was £16,000, and she paid the full balance
    outstanding on 31 January 2020.
    How much interest is payable by Sarah to HM Revenue & Customs (HMRC) in respect of her second
    payment on account for the tax year 2019/20?
    ? £61
    ? £42
    ? £29
    ? £32

    did not understand the answer

    May 4, 2020 at 12:43 pm #569917
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Please show me what in the correct answer you did not understand – I assume an explanation of the correct answer was provided

  • Author
    Posts
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