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Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
The PAYE lesson is a self study
Hello Sir
In example 6 under the average method it is stated that we add up the opening loan and closing loan and divide it by 2 then multiply it by the official rate of interest which is 2% so our answer is suppose to be 500 and not 562.
In summary making Jack opt for the higher assessment which is the accurate method.
Correct me if I am wrong sir.
Great explanations by the way.
I believe you are correct coz that 562 would be the outcome by using 2.25% of official rate – this is of Prior tax year. So I believe that is the reason
Where is the lecture on PAYE?
for example 4, why was the time apportioned for Lewis, 8/12 and not 5/12 since the tax year runs from April 2020 (april to august is 5months)
Time apportioned is 8/12 for period 6th Aug 2020 when provided with the car to 5th April 2021 the 20/21 year end.
dear sir, where are the video lectures for the PAYE system ?