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Is tax is paid at end of year does it mean same as arrears?
No. If it is paid in arrears then it is paid later than the end of the year. Questions usually say that it is paid one year in arrears which means it is paid one year after the end of the year.
I do explain all of this in my free lectures on investment appraisal with tax.
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But I saw a question in kaplan study text in that they assumed it to be in arrears?
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