Answer for Example 14 for the tax liability for Thomas

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June 2, 2017 at 6:05 pm #389780
npunancy
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Hello there, is the answer to example 14, 56000 pounds as the tax liability for Thomas?
I got a little confused when I added the gross gift aid scheme to the 150000 high band limit, but only 120000 was remaining to be assessed at the 40% higher rate band.
June 4, 2017 at 2:12 am #390048
Tax Tutor
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We are taxing 160,000 and we have a revised higher rate band LIMIT of 158,000. The higher rate BAND is 118,000 – see W3
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