Income tax computation (part 3) - ACCA Taxation (FA 2022) TX-UK lectures

[@MoonPie44]

There was so much dread when I saw how large the taxation books were. These lectures help so much with understanding. Thank you very much

[@dpurnimaa64]

Very clear explanation. Thanks for the lecture!

[@fatimaalbraiki3065]

Thank you so much! We really appreciate it mam. God bless you and your family. And everyone who is involved in this amazing tutoring sessions

[@opentuition]

It's my pleasure

[@helixerrah]

Hi, thank you for your clear explanation. I came here because my text book was confusing. Your calculation for non savings income is what i expected but my text does it differently and give a different answer. For calculating savings income, they say to add the savings income to the gross non savings income rather than to the net adjusted non savings income to see which bracket the savings income will be calculated on. This is only to check the bracket and is after you have already done the total income minus the personal allowance and other deductions. This is a big difference as in some situations using the gross non savings income and savings income will put you in the higher bracket While using the adjusted net non savings income and savings income might put you in the basic bracket and therefore adjust the percentage used to calculate the tax on the savings income. Sorry that is long but i hope it makes sense. Any thoughts?

[@opentuition]

If you would like our tutor to answer, please ask in the free Ask the Tutor Forum on our website. Our tutors do not monitor posts here on KZbin but always answer questions posted in the Ask the Tutor Forums on our free website.

[@DianaRose-yn8ux]

The working of example 6 ( the example that has Daisy), if possible, i would like to know how the 230GBP came about. Thank you for the lecture

[@opentuition]

If you want our tutor to answer then please ask in the Ask the Tutor Forum on our free website. Our tutors do not monitor questions posted here, but always answer questions posted in our Ask the Tutor Forums.

[@dhruvpatel9604]

230 GBP is in 7 example not in 6 example?

[@sofia-g9q3c]

first of all I say Thanks for your lecture but I have a question on tax computation exercise why deduct on saving GBP 5000 another exercise deduct GBP 1000 please give me detail explanation. Thanks

[@opentuition]

Our tutors do not monitor posts here, but if you post your question in the Paper TX Ask the Tutor forum on our free website then our tutor will certainly answer you speedily :-)

[@sylviakyra3143]

Is it 1230 or 230???

[@misskamila9050]

I’m also interested in the same question… I think it should be 1230?

[@EruditeMatthew]

Thank you so much @opentuition.😀