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payment to HMRC

Jjingdong9y ago
Dear Tutor, would you please help me about this question. Gareth's tax payment for 2014/15 and 2015/16 is as follows: ....................................................................2014/15.........................2015/16 Income tax ...................................................10,000 .........................12,500 Class 2 NIC ......................................................143...............................146 Class 4 NIC................................................... 2,000............................2,500 Capital gains tax ...........................................1,000.............................2,000 Gareth always pays the correct amout of tax on each due date. what is the amout payable by Gareth to HMRC on 31 January 2017 in respect of the tax year 2015/16? the answer is 5146, but based on the note , there should be another payment which is payable to HMRC, (12,500+2,500)/2=7,500. please help me. many thanks
TTTax Tutor9y ago#1
Here you need to be careful about reading the precise question asked - the question asks for the amount payable in respect of the tax year 2015/16 it does NOT ask for the total payment required on 31 January 2017, which would then include the first payment on account in respect of the 2016/17 tax year!
Jjingdong9y ago#2
thank a lot
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