Income tax computation (part 2) - ACCA Taxation (FA 2022) TX-UK lectures

[@sikandarnaeem8338]

👍👍👍👍

[@MinhHuyLuuBui]

PA = 12570 always or change. can u explain to me ?

[@chinanshams]

How did you calculate 22,270?

[@opentuition]

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[@pradeepdisan]

The balance amount of the Basic Rate limit 37,700 which is tax at 20% (37,700 - (14,930+500)

[@bernadettedoh9445]

How did you get 24930

[@ae8655]

how did you get 9000

[@pradeepdisan]

Because income from Savings is 10,000 and 1,000 is NRB and Balance 9,000 will taxed at 20% total up to 37,700

[@besstrinibabe]

Is there an error in example #2? The non savings taxable income of £14,930 exceeded £5000 therefore the savings nil rate band should not be applicable. I’m confused.

[@psychogamerz4742]

😅