ACCA December Exams

Post comments & Vote in Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

Answer to example 5

This topic has 3 replies, 2 voices, and was last updated 4 years ago by kashyapbabita.

Viewing 4 posts - 1 through 4 (of 4 total)

Author
Posts
June 5, 2020 at 11:31 pm #572942
kashyapbabita
Participant
- Topics: 6
- Replies: 6
Should the answer be not £2800 as oppose to £2600. As the 20% on £1000 on NS is £200. So total taxable liability should be £2600 + £200 = £2800.
Please advise.
June 6, 2020 at 11:32 am #572975
Tax Tutor
Member
- Topics: 2
- Replies: 3965
The answer given in the OT notes IS £2,800 so I am a little confused about your question.
June 6, 2020 at 11:35 am #572976
kashyapbabita
Participant
- Topics: 6
- Replies: 6
Sorry forgot to mention it’s the example 5 in chapter 2, with regards to non savings and savings income.
June 6, 2020 at 11:48 am #572977
kashyapbabita
Participant
- Topics: 6
- Replies: 6
Hi, thanks for the reply, yes you are right but in the lecture the tutor rectifies the answer from £2800 to £2600. Which is why I am enquiring.
Author
Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.