PQ Awards Nominations

Please help us to win one of the PQ Magazine awards and send in the voting form >>
You can nominate us in any or all of the following categories: Online College of the Year, Study Resource of the Year, Private Sector Lecturer of the Year, and Accountancy Personality of the Year.

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

Example 7 of chapter 2 in notes

This topic has 1 reply, 2 voices, and was last updated 7 months ago by Tax Tutor.

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

Author
Posts
June 21, 2022 at 9:54 pm #659086
saede
Member
- Topics: 1
- Replies: 0
I don’t understand the answer for the savings income
I think it is not correct.
Why should we use two rates for 13000 when we can only use 20percent rate
How the number 230 is created?!
I appreciate your time
Great regards
June 26, 2022 at 1:12 pm #659337
Tax Tutor
Member
- Topics: 2
- Replies: 3965
Not sure if you have used the accompanying lecture (?) but £230 of the savings income is now in the higher rate band and therefore is to be taxed at 40%
Author
Posts

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

You must be logged in to reply to this topic.