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Dear Sir,
While going through to example 5, i observed that the amount for PA is used as 11,850. However, in previous examples, we used 12,500 PA (except the cases where net income increases 100,000, which is not the case here).Am i missing something?
Forgive the delay in reply but it has taken me some time to try and find the problem that you state above.
The example on this issue is Example 11 rather than Example 5 and the answer in the Study Notes correctly uses the PA of £12,500 for our 2019/20 tax year not the old PA of £11,850.
Having checked back to the lecture I assume it is from there that you raise this query, BUT if you have watched the lecture from the beginning then you will have seen that between minutes 7 and 8 I have explained that in the lecture I have for this example used the recording for the earlier tax year and explained that the only difference is the use of the old PA and that it does not impact on the answer and you should look at the answer in your study notes for the correct answer.
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