Case Study: 4

Ms. Emily is working as an internal auditor in London Bank since January 2010. She is earning a monthly salary of 4,500 without any additional non-monitory benefits. She makes a contribution of 2,000 towards registered occupational pension scheme. Income tax liability of 8,030 towards her employment income is deducted at source through PAYE (Pay As You Earn) system.

She put her last five years savings in a buildings society scheme to purchase an apartment in London. For theses deposits, she receives an annual interest of 8,000. She also receives 4,500 towards interest on Government Stocks (Gilts). She made a Gift Aid Donations (gross) of 9,000 during the tax year 2018/19.

You are required to compute Ms. Emilys taxable income, tax liability and tax payable for the year 2018/19 as per UK Tax Laws.

tax from your refrance