Phillip starts trading on 1 June 2013 and ceases trading on 31 July 2018. He has adjusted
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Phillip starts trading on 1 June 2013 and ceases trading on 31 July 2018. He has adjusted trading profits as follows
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41 1 June 2013 to 30 September 2014 year to 30 September 2015 year to 30 September 2016 year to 30 September 2017 1 October 2017 to 31 July 2018 Compute Phillip's trading income for all tax years. 28,800 19,900 14,300 13,800 11,100
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To compute Phillips trading income for all tax years we need to allocate his adjusted trading profits to each tax year In the UK where Phillip is likely trading given the currency mentioned the tax ye...View the full answer
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