Hi
In our notes, page no 28 example 15 , kerry is a high rate tax payer
Kerry pays charity under gift aid scheme,
So only her BRB is increased by the gross amount right?
In page no 221, the answer
We have increased both the BRb and HRB by the gross gift aid .
please clarify
Thanks!
Ask the Tutor ACCA TX-UK
Chapter 2 , example 15
2y agoYes a gift aid will extend both rate bands by the gross amount
2y ago#2Hi,
In our notes , its written
for HR taxpayers , we extend BRB
for AR taxpayers we extend BRB and HRB
so for both HR and AR taxpayers , the BRB and HRB are extended , right
thanks
Correct. If HR then you dont need to do AR as it's irrelevant isnt it?
Sign into reply to this topic.