Sir I need your assistance to clarify a few steps in your practice questions specifically question #4 Karl.
I have worked through the steps but get an answer of £7933 being income tax payable.
In your model answer it states £13,458.
Would you kindly asisst me to make sense of it please?
Many thanks.
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You will have to tell me which part of my answer you disagree with and how you have calculated your figure
My apologies I have just looked at the answer again related to another student question specifically about the tax on the dividend where clearly an updating error has occurred and 5,000 @ 0% does not equal 5,525!! Hence the difference between the 2 answers!!
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