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Chapter 2 , example 15

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Chapter 2 , example 15

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  • January 31, 2024 at 12:04 pm #699397
    Anonymous
    Inactive
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    • ☆☆

    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!

    February 2, 2024 at 3:24 pm #699587
    JillyB
    Keymaster
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    Yes a gift aid will extend both rate bands by the gross amount

    February 3, 2024 at 11:56 am #699671
    Anonymous
    Inactive
    • Topics: 53
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    • ☆☆

    Hi,
    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

    February 3, 2024 at 2:47 pm #699681
    JillyB
    Keymaster
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    Correct. If HR then you dont need to do AR as it’s irrelevant isnt it?

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