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June 21, 2021 at 6:03 pm #626010
QAZWED
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A statement in an exam kit question was:-Tax payments made at the end of the period.
Would this be in arrears?
Thanks 🙂
June 22, 2021 at 7:44 am #626031
John Moffat
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No, they are not in arrears.

If they were in arrears then the tax would be paid after the end of the period (usually, in exams, one year after the end of the period i.e. one year in arrears).

I explain this in my free lectures on investment appraisal with tax.
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