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Hi Tutor,
I was working through the exam kit for Kaplan. I have come through q35 on section b and need some help on this part.
In their answers they have use the information to calculate the payment of account for 31 January 2015/2016 and in both work out the relevant amount from the tax year 2014/15 but for the payment of account on 31 January 2015 should the relevant amount not be calculated using info from tax year 2013/14?
Thanks for your help
Can you send me the details with the precise wording of the question so as to ensure that you are correctly interpreting the information as I am unclear when you state above ” to calculate the payment on account for 31 January 2015/2016″? That is not how a question would be worded.
It may ask for the payments on account (POA) for the 2015/16 tax year or it may ask to compute the POA to be made on either 31 January 2015 or 31 January 2016.
Please clarify
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