Chapter 2 – Two questions

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Tax Tutor.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
July 20, 2019 at 2:32 pm #524409
chinnick90
Member
- Topics: 4
- Replies: 1
Hi, new learner and have just watched the first few chapter 2 lectures so far. A couple of questions:

When calculating income tax payable, will payments on account or CIS deductions come into play because I have only seen PAYE referred to so far?

Secondly, would it be sufficient in an exam to merely refer to ANI being above £123700 and therefore PA eroded to nil? Or do we have to show the full calculation?

Thanks in advance
July 21, 2019 at 3:16 am #524438
Tax Tutor
Member
- Topics: 2
- Replies: 3960
1. Only PAYE
2. The statement would be sufficient – as per note at the end of example 9
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.