torialayzazai9991 saysAugust 6, 2016 at 8:34 amsir shall we only add child benefit in Tax payable i Couldn’t under stand if you could share full question and answer for this thank youLog in to Reply
Isaac saysAugust 10, 2016 at 5:19 pmThe child benefit tax will added in the computation of the income tax liability. A proforma is showed below:Income tax: £ Basic rate tax @ 20% x Higher rate tax @ 40% x Child Benefit tax x —— Income tax liability. xxx ——This performs shows where a person is a higher rate payer with either non-savings income and savings Income or both.Hope this is helpful.Log in to Reply
accakeisha says
Most certainly helped me
torialayzazai9991 says
sir shall we only add child benefit in Tax payable i Couldn’t under stand if you could share full question and answer for this thank you
Isaac says
The child benefit tax will added in the computation of the income tax liability. A proforma is showed below:
Income tax: £
Basic rate tax @ 20% x
Higher rate tax @ 40% x
Child Benefit tax x
——
Income tax liability. xxx
——
This performs shows where a person is a higher rate payer with either non-savings income and savings Income or both.
Hope this is helpful.