Income tax computation – Savings Income (part 1) - ACCA Taxation (TX-UK) (FA2018)

8 Comments

1. C
   Chetana·6y ago

   Hi,
   
   I am attempting the March 2020 exam, should i consider the personal allowance as 11,850 pounds or 12,500 pounds?
   
   Please clarify.
   
   Thank you.
2. J
   joannairlik·6y ago

   Can you please clarify q3 as above mentioned?
3. J
   jwang8·6y ago

   brilliant lecture~~~!
4. A
   annamaria83·6y ago

   Good day sir,thank you for lectures
   
   question 3, of higher rate is getting challenging for me,
   
   can you please help me understand how you came about
   19000*20% and 500*40%.
   
   thank you.
5. P
   priscilla5236517·7y ago

   Good day sir,thank you for the lectures,have attempted the first 2-5 questions and basic rate seems okay,but question 3,of higher rate is getting challenging for me,can you please help me understand how you came about
   19000*20% and 500*40%.thank you.
6. P
   priscilla5236517·7y ago

   I think i have finally understood it sir,first,the nil rate band for higher rates of 500*0% is calculated,then the balance of higher rate and basic rate(35000-34500)..500*40%at higher rate percentage,and a balance of 19000 from the total of 20000-(500+500) at the basic rate.Thats how i have understood it sir.Please correct me where am wrong.Thank you.
7. W
   warsame22·7y ago

   Hi mr(well you never mentioned your name)
   
   would like to ask what does ''counts towards the basic rate threshold of 34500'' mean?
   
   thank you.
8. M
   mohammed31071996·6y ago

   @warsame22 His name is Colin Prentice, in case you were wondering.