ABCD plc paid instalments of its corporation tax liability for the year ended 31 March 2017 as follows: a. 14 October 2016 £43,000 b. 14 February 2017 £72,000 c. 14 April 2017 £48,000 d. 14 August 2017 £87,000 The agreed corporation tax liability for the year was £294,000. ABCD plc paid the balance of £44,000 on 14/9/17. Required: State the amounts and periods for which interest will be du
ABCD plc paid instalments of its corporation tax liability for the year ended 31 March 2017 as follows: a. 14 October 2016 £43,000 b. 14 February 2017 £72,000 c. 14 April 2017 £48,000 d. 14 August 2017 £87,000 The agreed corporation tax liability for the year was £294,000. ABCD plc paid the balance of £44,000 on 14/9/17. Required: State the amounts and periods for which interest will be du
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ABCD plc paid instalments of its corporation tax liability for the year ended 31 March 2017 as follows:
a. 14 October 2016 £43,000
b. 14 February 2017 £72,000
c. 14 April 2017 £48,000
d. 14 August 2017 £87,000
The agreed corporation tax liability for the year was £294,000. ABCD plc paid the balance of £44,000 on 14/9/17.
Required: State the amounts and periods for which interest will be due
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