Barbara (see Example 2 above) makes the following payments for 2020-21: Compute the late payment penalties (if
Question:
Barbara (see Example 2 above) makes the following payments for 2020-21:
Compute the late payment penalties (if any) which Barbara would incur and state the dates by which these penalties should be paid.
Data from Example 2
Barbara's liability to income tax and Class 4 NICs for tax year 2019-20 was £26,000, of which £4,000 was paid by deduction at source. Her liability for 2020-21 is £30,000, of which £1,000 has been deducted at source. State the dates on which Barbara is required to pay her 2020-21 liability and compute the amount payable on each date.
Ignore Class 2 NICs and capital gains tax.
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