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Tax Liability Computation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Tax Liability Computation

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by Tax Tutor.
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    Posts
  • July 23, 2017 at 3:13 pm #398239
    Olufemi
    Member
    • Topics: 1
    • Replies: 8
    • ☆

    Good Day,

    Example 4 & 5 of Chapter 2.
    For Example 4, please where did the extra £280 come from. I got £680
    For Eaxmple 5, why was the £200 liability from Non savings income not added to the tax liability. I got £2800.

    Thanks.

    July 24, 2017 at 12:20 pm #398393
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    The totals are typing errors in the updating process so my apologies for any confusion but if you look at the individual components of the tax calculation these are correct and would add up to the correct total – if added properly of course!
    I think in your question above you mean for example 4 that you got £600 not £680 – these typing errors do happen eh!

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