Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Can anyone help me with this question from tax administration?
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- November 27, 2016 at 8:02 pm #351976
Thai curry Ltd prepares accounts for the y/e 2015 and has taxable total profits of 163120 resulting in a corporation tax liability of 32624. Thai curry ltd has previously always submitted its corporation tax return on time and had a corporation tax liability for the year to 31 March 2015 of 22000.
The company is in dispute with HMRC in relation to its corporation tax return for the y/e 31 March 2015 and has been offered an internal review of the case. The case is likely to be allocated to either the complex track or the standard track. If it instead chooses to go to a formal appeal .
What is the total amount of late filing penalty that will be charged on Thai Curry Ltd if it submits its return for the y/e 31 March 2016 and pays the corporation tax due 8 months late?
A- 3262
B-6525
C-6725
D-3462Kindly give the explanation as I am not able to get penalty which they are charging 200.
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