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Example 13, 14 and 15 of Chapter 2 of the OT NOTES

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Example 13, 14 and 15 of Chapter 2 of the OT NOTES

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by AvatarTax Tutor.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • January 19, 2018 at 5:37 am #431197
    Avatarsifiso
    Participant
    • Topics: 5
    • Replies: 13
    • ☆

    Hi. I’d appreciate a bit of clarity on eg 14 and 15 of Chapter 2: Deductions from Total Income. Eg 13 seems straight forward as the tax payer is a Basic Rate Payer. I noticed that in eg 14 and 15,where the tax payers are additional and higher rate payers, the gross amount of the gift aid donation was deducted from the total income to give us Adjusted Net Income. The amount is then added to the higher and additional rate band limits. Excuse my slow grasp of the concepts involved, I just would like to know if thats how we deal with the different rate payers in treating the donations. Many thanks in advance.

    January 23, 2018 at 4:25 pm #432473
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Just to clarify – have you worked through the notes along with the lectures?

    January 24, 2018 at 3:18 am #432552
    Avatarsifiso
    Participant
    • Topics: 5
    • Replies: 13
    • ☆

    Many thanks for your kind response. I went through the notes and lectures a few more times, thankfully it is now much clearer. It must have been anxiety.

    January 26, 2018 at 4:41 pm #433205
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Hey no worries – very pleased that you were able to sort out your own problem – you will remember it far better as a result!

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