Osborne Books Tutorial

MOSB

I know this is a basic question but I was wondering if anyone could help explain how the answers to the question are as follows. My 1st day studying the subject after a few years out and i don't see how the answer is what is shown in the answers. No explanation which i think is really poor.

Can anyone help? Thanks

anony123

Have you asked your teacher to go it through with you; or are you self studying?

MOSB

Thanks for the reply.

Self study. No teachers and studying from abroad too.

Why is the 6200 from 22/23 year paid in 1 hit. no instalments?

I get 23/24 - half the previous year in 2 instalments plus the remainder. fine.

24/25 - 5500, half the previous year in 2 installments. fine.

why is 23/24 paid in one hit?

The notes are not clear. "some"??? define some! why not in 23/24 but in other years.

Probably very easy but i am finding it frustrating.

anony123

Sorry haven’t done level 4 only 2 and 3.
I would try if I did level 4

wilburnet

This is the problem with Osborne books, no real detail in the answers or explanations.

anony123

That is really bad that they do not explain it well enough. @wilburnet Did you pass the management techibques

LucyWisniewski

@MOSB i think the reason why there are no instalments prior to 2022/23 is because that's the year he went self-employed, so his first POA (payment on account) will be the following January (2024) for the whole liability, but it is £8,500 less the £2,300 already paid on PAYE so = £6,200. Hope that's clear

MOSB

LucyWisniewski said:

@MOSB i think the reason why there are no instalments prior to 2022/23 is because that's the year he went self-employed, so his first POA (payment on account) will be the following January (2024) for the whole liability, but it is £8,500 less the £2,300 already paid on PAYE so = £6,200. Hope that's clear

Late reply, but thanks for that, makes sense.