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Long Fellow Associates is a large taxpayer. His total VAT payments in the 2021 tax year were STG3,750,000. The tax liability for each quarter in
Long Fellow Associates is a large taxpayer. His total VAT payments in the 2021 tax year were STG3,750,000. The tax liability for each quarter in the 2022 tax year were as follows: Q1 STG 987,600 Q2 STG 1,176,900 Q3 STG 1,375,800 Q4 STG 1,575,200 1. What is the amount of the payment due at the end of each quarter and by what date is it payable 2. What is the amount of the 1st payment due in the following tax year.
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