(a) A company had VAT due amounting to Sh.300,000. It was late in making the
payment for six weeks.
What late payment penalty will be charged? ( 4 marks)
(d) Inland Limited imported goods whose landed value is Sh.400,000. The duty
chargeable on them is at the rate of 35%. There is to be made a provision for
transport to the interior amounting to Sh.50,000. A commission is to be paid
of 2% dutable value. Value Added Tax is charged on those goods at 16%.
Determine the amount of VAT payable. ( 4 marks)