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Question 1         For the tax year 2019/20 Kerry had taxable trading profits of £88,000 and had...

Question 1        

For the tax year 2019/20 Kerry had taxable trading profits of £88,000 and had

made payments on account of £18,000. Her only other income in the tax year

was bank interest received of £3,000 and dividend income of £10,000.

Requirements:

Calculate Kerry’s final balance of income tax outstanding in respect of the tax year 2019/20, stating the due date. Using this calculation explain the payments on account required in respect of 2020/21 and state when they are due.

THATS ALL THE INFO I HAVE FOR THIS QUESTION!

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