Practice Question 2 - Kate Possible Error

MMichael6y ago

Hello, Please can you help me with Kate - 19/20 in the practice answers? The answer says the tax payable is £16,575 but I have worked it out to be £7,720. Please could someone check this question? I have the following: Taxable Income - £43,000. Non-Savings Tax - £6,500 Savings Tax - £600 Dividend Tax - £1,125 Tax Liability - £ 8,225 Tax Payable - £8,225 less PAYE £505 = £7,720 Thank you, Mike

TTTax Tutor6y ago#1

Thanks Mike for your note - our individual figures of tax as you show above and is shown in detail in the model answer are the same and are correct, but for some inexplicable reason my ability to then compute a sub total for tax liability and the subsequent bottom line figure for tax payable is indeed way off the mark!! I will arrange for the editor to correct this online - and please keep me posted if my additions are found to be wanting elsewhere in the notes!!

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