ACCA Taxation (TX-UK) Income tax computation – Child Benefit

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1. chenchiin312 says

   July 7, 2019 at 3:49 am

   Hi Sir Please disregard my last post. I got the reason. Thank you

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2. chenchiin312 says

   July 7, 2019 at 3:47 am

   Thank you Sir for given lectures.

   After enjoyed the lectures I follow the instruction to go attempted Financial Act 2018 example. I found Example 2 May confusing.

   Here is the question;
   For the tax year 2018–19, May has a trading profit of £159,000. During the year, May made net personal pension contributions of £32,000 and a net gift aid donation of £9,600. Her income tax liability is:

   The answer is given as follow,The gross personal pension contributions are £40,000 (32,000 x 100/80) and the gross gift aid donation is £12,000 (9,600 x 100/80).

   I thought In our lectures before, like example 14 Thomas. Those whose income exceeds 123700 would have nil PA?

   Please explain. Thank you

   Have a wonderful day Sir

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3. Fran says

   November 9, 2018 at 1:44 am

   Hi professor. Thank you for the well delivered lectures. Question- number of days in/out of UK is consecutive or total for the tax year?

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