Ques 99 :

employement income from initial plc ; employement income from subsequent

slary 180000 salary

employee contribution -8000 car benefit
employer contribution 0 accommodation
172000 additional benefit
canteen stuff 0 loan benefit
bonuses : __ 21/22 0
__ 22/23 24000
employement income from initial plc : 196000

if jason takes employemnt in subsequent plc the he will be additionally pay an income tax at h

Ques 100 :POPPY

employment income :
salary 65000
car benefit for 8 months w1 3488
mobile phone __ phone.1 0
__phone.2 96
68584
saving income from gilts 300
68884
loss relief w2 -9350
personal allowance -12570
taxable income 46964

non saving :
employment income __ 37700*20% 7540
(46964-37700)*40 3706
total income tax liability 11246

ques 101 : N/S Dividend

KIONI
revised income tax calculation :
employment income (47500+20000) 67500
dividend 68000
 total income 67500 68000
less qualifying loan 0
total adjusted income 67500 68000
less PA -4820
Taxable icome 62680 68000

INCOME TAX CALCULATIONS :

N/S : Emp income (bend 1.) 57700*20% 11540

(bend 2.) (62680-57700)*40* 1992

Dividend : dividend (bend 2.) NRB 2000*0% 0

(bend 2.) (68000-2000)*33.75% 22275

INCOME TAX LIABILITY 35807

KIONI REVISED EMPLOYEE CLASS 1 NICs

NRB 0
bend 2. 4995.25
Bend 3. 559.975
CLASS 1 Ee NIC 5555

KIONI REVISED EMPLOYER 1 NICs

__existing Er 1 NIC is 5779
__ on the exceess of 20000 will be 3010
8789

Ques 103 :KAGAN

(a) Revised ITL for 22/23

__ his already ILT
__as he is additional tax payer so he will pay tax on this dividend by 39.35%

Revised ILT for year 22/23

(b) 1___ the minimal gain produced by disposals will be covered by the annual exemption of 12300.

2___ revised income tax liability

emp income 400000

pension lump sum 0
premium bond 0
interest saving investment 0
property income 9600
dividend income 1950
TOTAL INCOME 411550
less qualifying loan 0
NET INCOME 411550
less PA (w1) 0
411550

QUES 104 : DILL :

(A ) __ according to the topic if person is in uk between 46 to 90 days and have

__ but here in que based on scenerio she is been for 60 days which will req
__ so as she did not meet any third tie so she will be a resident of uk for an

(B) employment income p&l

salary 290000
bonuses 45500
company gym 0
home entertainment 1180
nursary 0
iterest free loan 1333
health membership 990
less mileage allowance -1625
less maxi employee contribution -14000

323378
less prize bond premium 0
 less ISA 0
TOTAL INCOME 323378
less loss relief -58000
265378
less PA 0
TAXABLE INCOME 207378

QUES 105 RICHARD TRYER :

emplyment income :
salary 41030
car benefit(W!) 3454
fuel benefit (w2) 4934
living accommodation (w3) : 13200
furniture 2420
running cost 3700
EMPLOYMENT INCOME : 68738

PROPERTY INCOME :
Premium received 12000
less allowance -6960
5040
rent rec 3320
8360

rep allowance : SBA 84

Celling repair : 400
insurance paid : 501
less 985
7375

N/S Interst dividend

emp inc 68738
prop inc 7375
building society int : 1260
 dividend 5800

76113 1260 5800

PA -12570
TAXABLE INCOME : 63543 1260 5800
ICOME TAX CALCULATION
Bend 1__ 7540
NRB __ Bend 2 __ 0 0
Bend 2 __ 10337 304 1282.5
Bend 2 __
ITL 17877 304 1282.5

PAYE
ITP

QUES 106 :PETULA :

Employmrnt income p&l :
salary 270000
bonuses 41000
mileage taxable 8350
professional subscription -630
golf club membership 0
employer pension contribution 0
EMPLOYMENT INCOME 318720

Property income :

rent rec 12000

less allowable deductions :
washing machine -420
dish washer 0
other exp -1640
9940
letting furnish room : 1400
Property income : 11340

interest income working :

nominal value 250000

at %age of 3%
7500
___ as it lasts for 4 month then _____ 2500
 employment income 318720
prop inc 11340
interest inc 2500

total income 330060 2500 332560

qualifyig loan -140 _
total adjusted inc 329920 2500
PA 0
TAXABLE INCOME 329920 2500 332420
INCOME TAX CALCULATIONS :
N/S
bend 1. 7540
bend 2. 44920
bend 3. 80964
INTEREST
NRB 0
bend 3. 1125
134549

QUE 107 : TONIE

© calculating taxable income :

employment icome p&l :

salary 74400
taxable mileage 345
leased computer -2160
Employment income 72585

property income ;

rent from freehold 10080

mortgage interest 0
washer dryer replace -380
dishwasher 0
room rent relief 1080
other exp -1110
PROPWERTY INC 9670

interest calculations :
 nominal valuen 100000
interest %age 3%
interest rec 1250

_______ prize bond EXEMPT

__----___ ISA EXEMPT

N/S INTRESRT total

emp inc 72585

property 9670
interest rece 1250
total income 82255 1250
PA -12570
taxable inc 69685 1250 70935

QUES 108 : KAT

(A) IF PROPERTY IS PURCHASED PERSONALLY :
Property income :
rent rec 31200
mortgage interest 0
less other exp -4600
Property income : 26600
Employment inc : 60650
total income 87250
PA -12570
Taxable in : 74680

Income tax calculations :

bend 1 7540
bend 2 14792
mortgage relief -2400
INCOME TAX LIABILITY 19932

TAX SAVING :

INCOME TAX VIA PROPERTY

Less INCOME TAX VIA LIMITED COMPANY
 less corporate tax liability
TAX SAVED IN PURCHASE OF PROPERTY VIA LIMITED CO, :

QUE 109
(A) EMPLOYMENT INC p&l :

salary 44000
Ee contribution pension -2200
41800
PA -12570
taxable inc 29230

income tax : Ee NIC class1 :

bend 1 ___ 5846 bend 1 0
bend 2 4164

(B) IF SHE ACCEPT THE OFFER OF SELF EMPLOYED :

income 47000
income form service 13000
deductions allowed :
leased van for business -4400
replacemnent driver cost -2800
trading income 52800
PA -12570
40230

income tax : class 4 NIC :

bend 1 > 8046 Bend 1 >

bend 2 >
bend 3 >

(C )
Tax to be pay in respect of employment :
 10010

EMPLOYED
salary 44000
trading profit 0
NIC CLASS 2 0
NIC CLASS 1 -4164
NIC CLASS 4 0
PENSION CONTRIBUTION -2200
INCOME TAX -5846
NET INCOME TO HIS POCEKT 31790

____ as there is high net income after deductions , of being self employed , so she should accept the offer.
ment income from subsequent plc ;
additional benefit working :
205000
car benefit 8750 value on occupation (6th apr
accommodation 1600 improvement
additional benefit 1400 limit
loan benefit 1867
£218,617 %age of Additional benefit

used 4 month in annum

tionally pay an income tax at higher rate (as he become higher rate tax payer after crossing £150,000) of £10,178 (218617-196000).

w1
car benefit : %age calculation for diesel car ;
list price 21800 not an RDE2 20%
%age calculation for di 24% 75g-55g 4 4%
5232 24%

w2
loss working :

tax adjusted trading loss 19500

loss on car disposal ( 8400-5400) 900
20400
partnership distribution :
6th apr to 5th july (1:1:1) 1700
6th july to 5th aprl (1:1) 7650
POPPY loss for yaer 22/23 9350

ANI calculations :

total adjusted icome 135500

less GPPC -20000
 ANI 115500

__ as limit for PA Is 100000 while ANI exceeds that limit ;

working for PA :
ANI 115500
Limit -100000
7750

PA 12570
less exceeds -7750
NEW PA 4820

bend extension :

__ as there is GPPC , which actually extends bends ';

bend 1. 37700+20000 57700
bend 2. 150000+20000 170000

KIONI REVISED CORPORAT TAX LIBILITY WILL BE :

Adjusted trading profit 100000
less Er 1 NIC -3010
less excess of salary -20000
76990
corporate tax 19%
14628

£164,960
d by 39.35% __ NRB 2000 0
__ 13300 5234
£170,194
nnual exemption of 12300.

w1 :
PA * as the total income is above the limit of 125140 , so ther will be no any PERSONAL ALLOWANCE FOR KA

bend extension :
bend 1 37700 +10 137700
bend 2 150000+100000 250000

INCOME TAX CALCULATIONS :

N/S : emp inc bend 1 __ 27540
bend 2 __ 44920
bend 3 __ 67500
pro inc bend 3 __ 4320
dividend : NRB bend 3 __ 0

ITL 144280

tween 46 to 90 days and have meeting 3 ties he will be a UK resident.

een for 60 days which will require 3 ties to meet but unfortunatily she has only 2 ties , one is being a house in uk and second is she had mo
will be a resident of uk for an year 21/22 .

occupational pension contribution :

___ As Adjusted incomeis above the limit of 312000 so for current year a fix amount of £4000.
b/f AA from 21/22 19000
current yr AA 4000
23000
less Er contribution -9000
maxi Ee contribution 14000

mileage allowance :
 __ 10000 at 45 pence 4500
__4500 at 25pence 1125
5625
already allowance received -4000
allowable deduction 1625

___ loss relief is avail at higher of £50000 per year or 25% of AI

___ where the 25 % of AI is £80845

car bernefit (w1) CO2 omission

list price 17900 round dow
%age of benefit 26% limit
4654
less contribution for private use : -1200
car benefit 3454

fuel benefit (w2)

at : 25300
%age of benefit 26%
4934

living accommodation (w3) :

___ a higher of annual value £8600 and rent paid £13200(1100*12) is qualified for living accommo
___ no addiotional benefit as property isn't owner property but rented.
___ rent paid is higher of both so qualified ; 13200

total
 83173
83173
-12570
70603

19464

-19130
334

mileage allowance (w1) :

__ received allowance 15600

__ 10000 at 45 pence 4500

__ 11000 at 25 pence 2750
less 7250
taxable benefit 8350

letting furnish room :

normal working relief working :

rent 8900 rent 8900
less exp -2890 relief on room -7500
6010 1400

___relief working does qualifies because the lower of qualifies

___ no PA , as they are exceeding the limit of 125140

year AA Contributions unused/excess

22/23 (w2) 4000 30000 -26000

21/22 40000 30000 10000

20/21 40000 30000 10000

19/20 40000 30000 10000

b/f to 23/24 4000

mileage allowanace calculations :

Tonie received 1380

allowed :
upto 10000 at 45 pence : -1035
taxable mileage 345
 (B) IF PROPERTY IS PURCHASED VIA LIMITED COMPANY :
employment income
Dividend inc 6000 PA
emp inc 60650
total income 66650
PA -12570
taxable income 54080

income tax calculations

emp income :
bend 1 7540
bend 2 4152
Dividend :
NRB 0
bend 2 1350
INCOME TAX LIABILITY 13042

19932
MITED COMPANY 13042
 2774
ROPERTY VIA LIMITED CO, : 4116

bend extension working 1 :

bend 1> 37700+3000 40700

bend 2> 150000+3000 153000

class 2 NIC :
____ AS class 2 NIC is 3.25 per week >
0 ___ for a yaer it wil be = 164
3864.25
82.225
3946

Tax to be pay in respect of self employement :

 12156

SELF EMPLOYED
0
52800
-164
0
-3946
-2400
-8046
38244

ould accept the offer.

 additional benefit working :

value on occupation (6th apr 22) 285000

improvement 0
-75000
210000
%age of Additional benefit 2%
4200

used 4 month in annum 1400

0,178 (218617-196000).
ERSONAL ALLOWANCE FOR KAGAN

n uk and second is she had more than 90 days in uk previuos year .

ear a fix amount of £4000.

 petrol car
109
105
-55 16%
10 10%
26%

is qualified for living accommodation.

 60650
-12570
48080