25.2 A company has the following payments made net of income tax and income received net of...

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25.2 A company has the following payments made net of income tax and income received net of income tax for the year to 31 March 2010 (amounts are stated net):

Payments Income

£ £

1 May 2009 Debenture interest paid 16,000 30 June 2009 Patent royalties received 8,000 1 November 2009 Debenture interest paid 16,000 1 January 2010 Patent royalties received 5,600 Compute the amounts of income tax payable or repayable in each return period.

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Taxation

ISBN: 978-0273730156

15th Edition

Authors: Alan Melville

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