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Income tax (EXcess/unused AA)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Income tax (EXcess/unused AA)

  • This topic has 2 replies, 2 voices, and was last updated 5 years ago by Tax Tutor.
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  • December 23, 2019 at 1:43 pm #556354
    maxpopper
    Member
    • Topics: 177
    • Replies: 132
    • ☆☆☆

    TRC (i,e lower of gross ppc OR relevant earning)+ Employee contribution in occupational pension of employee + employee contribution in any pension of employee – Annual allowance = unused AA /excess

    Sir the above working , we do in every income tax question or is their any certain condition in which we have to do above working?

    December 28, 2019 at 6:50 pm #556472
    maxpopper
    Member
    • Topics: 177
    • Replies: 132
    • ☆☆☆

    Please reply

    December 31, 2019 at 4:59 pm #556588
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    The calculation of any unused AA (from the preceding 3 tax years) is only relevant if in the question the pension contributions made in the current tax year exceed the AA limit of the year

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