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Remittance Basis

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Remittance Basis

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by Tax Tutor.
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  • April 5, 2019 at 11:35 am #511287
    Tracy
    Member
    • Topics: 4
    • Replies: 2
    • ☆

    Hi

    I am working through a question hoping you can help me understand where I have gone wrong.

    Person has been RND in the UK since 2006/07 and have to calculate the RBC for tax year 18/19

    I calculated that they had been resident for 13 years so would come under the 7-9 years, but the answer showed it should be the £60,000 under the 12-14.

    Have I missed a tax year? Thank you

    April 5, 2019 at 12:54 pm #511297
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Obviously this is P6 not TX-UK – you have said above that the taxpayer has been resident for 13 years – therefore they have clearly been resident for at least 12 years out of the previous 14 years and therefore it is the 60,000 RBC that applies
    I think you may have missed the point – rather than a tax year?

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