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Answer to example 5

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

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June 5, 2020 at 11:31 pm #572942
kashyapbabita
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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
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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
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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
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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.
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