business tax workbook practice assessment 2 task 6

kelly2021

Hello

Can anyone please help me with this one?

Why the amount on payment date 31 Jan 2021 is 4800? Thank you so much!

Pian32

So for January you have the remaining payment for the 19/20 year and the 1st payment on account for the 20/21 year.

The payment on account is:
13,500/2 = £6750

For the remaining payment you take the amount due and subtract previous payments on account (which also equals the tax due in the previous year in this question)

13,500 - 15,450 = -1,950

Total due:
6,750 - 1,950 = £4,800

kelly2021

@Pian32 hello, thanks for your quick reply! I got it! Thank you very much!