Answered: Seun started his self-employment on 1…

Seun started his self-employment on 1 July 2020, he prepared the first period of accounts to 31 December 2021. What tax year will be his first tax year? 2020/2021 2021/2022 2019/2020 2022/2023

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter1: The Individual Income Tax Return

Section: Chapter Questions

Problem 14P: Determine from the tax table in Appendix A the amount of the income tax for each of the following...

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Question

Seun started his self-employment on 1 July 2020, he prepared the first period of accounts to 31 December 2021.

What tax year will be his first tax year?

2020/2021
2021/2022
2019/2020
2022/2023

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