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ACCA F6 UK lectures Download F6 notes
July 30, 2015 at 11:29 am
I think I got it now. Are we only deducting figures for items that have actually been deducted/suffered at source?
July 30, 2015 at 11:07 am
I would like to thank you and Open Tuition for all the great lectures that help us in our studies.
Would you be kind to explain the following please.
I noticed that when there is an employment income we deduct PAYE to get the figure for tax payable. However when there is a trading profit we do not deduct. The only items deducted in this case is tax credits for building society/bank deposit interest and dividend so far. Obviously there is no PAYE for trading profit but are we supposed to deduct anything? As both income will be taxed regardless whether they are from employment or self-employment.
Many thanks in advance.
July 9, 2015 at 8:52 pm
March 13, 2015 at 7:39 am
example 5 is confusing why should we take only 1880 from saving income
May 15, 2015 at 6:09 pm
dear please note below
1000* 20% 200
1880 * 10% 188
18120 * 20% 3624
March 10, 2015 at 2:43 pm
i have a question,is personal pension contribution(PPC) only deducted if the net income exceeds 100,000?if suppose it is 90,000 than PPC wont be deducted?
May 20, 2015 at 11:20 am
Hi. yes that is correct because we only work out ANI if Net Income > 100,000
March 7, 2015 at 8:12 am
I have a problem in calculating the Tax liability for the Savings Income. Why on the answer it was split 20,000 each and not subtracting the BR (31,865) for 40,000.
Thank you so much,
May 20, 2015 at 11:25 am
remember you have to deal with Non-savings income first before savings income. non-savings income of 130,000 is greater than 31,865 & has therefore used up the basic rate (i.e. 31,865).
maybe go back & watch the 2nd lecture video to see how different rates apply
hope that helps
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