Daka Patson apart from playing soccer in the UK has been in business for many years and
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Daka Patson apart from playing soccer in the UK has been in business for many years and has always prepared his accounts to December 31. After preparing accounts to December 31, 2019, he changed the accounting date to September 30 and prepared the next accounts for the period of nine months ended September 30, 2020. His taxable for the relevant accounting periods are as follows:
PROFIT | |
K | |
Y/e 31.12.18 | 55,400 |
Y/e 31.12.19 | 77,000 |
P/e 30.09.20 | 63,600 |
Y/e 30.09.21 (forecast) | 78,900 |
Required
Show the income tax assessment for each relevant tax year
Expert Answer:
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1 Daka Patsons profit would be assessed as 55400 for the taxa... View the full answer
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