ACCA TAX $-$QUESTION $2(15$ marks$)$

a$.$ A Ltd submitted the income tax return for $2016$ electronically $0$n $31\mathrm{.}8\mathrm{.}2018$ and paid temporary tax $12,000$ for $2016$ but no further payments made. Tax department raised a discovery assessment on $10\mathrm{.}11\mathrm{.}2018$ requesting additional tax payable of $6,000.$ A Ltd agreed with assessment and paid the additional tax due on $12\mathrm{.}12\mathrm{.}208.$

Required

Calculate the interest and charges payable by A Ltd in respect of $2016(7$ marks$).$

b$.$ Mr$.$ George submitted his income tax return for $2014$ on $31\mathrm{.}8\mathrm{.}2016$ and the assessment of Tax department on $22\mathrm{.}1\mathrm{.}2016$ shows a tax refund of $500$ which is a result of the excess income tax deducted at source from George$$s employment income under PAYE over his tax liability for the year and was paid to George on $1\mathrm{.}3\mathrm{.}2018.$

Required

i$.$ State the due date of submission of George$$s income tax return for $2014(3$ marks$)$

ii$.$ Calculate the interest payable to George by Tax department on tax refunded $(5$ marks$)$

$($Interest rate until $31\mathrm{.}12\mathrm{.}20164\%$ and until $31\mathrm{.}12\mathrm{.}20173\mathrm{.}5\%)$