For example, if you paid early and declared $120 in gross sales for the March 31st period but you realized at the end of the period sales were actually $140. That means you paid tax on only 85.71% for that period which is below the 90% threshold. That means you must pay interest on the…

If you paid early and declared $120 in gross sales for the March 31st period but you realized at the end of the period, sales were actually $130. The tax on the $10 difference must be paid by the end of the second quarter which ends at June 30th.

“company” means any body corporate or unincorporated association, but does not include a partnership. 75.02