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MC Question 14
Tax rates
TX 2015 Tax Rates and Allowances
Abdul’s tax liabilities for the tax years 2013–14 and 2014–15 are as follows:
2013–14 | 2014–15 | |
---|---|---|
£ | £ | |
Income tax payable | 300 | 2,400 |
Class 4 national insurance contributions | 320 | 1,260 |
Capital gains tax liability | 240 | 0 |
860 | 3,660 |
What payment on account will Abdul have to make on 31 July 2015 in respect of his tax liability for the tax year 2014–15?
A. £310
B. £1,830
C. £430
D. Nil