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Mr . Lawrence is employed in Electricity Distribution Company. His monthly Gross salary is 5 , 5 0 0 ( PAYE 5 0 0 per

Mr. Lawrence is employed in Electricity Distribution Company. His monthly Gross salary is 5,500(PAYE 500 per month). He also received building society interest on 10,YYY, interest on treasury stock 4,YYY and dividend of 20,YYY, Interest from National Saving & Investment Certificates (NS & I)1,000, Winning from Premium Bond Prize 2,000 and also have Income from Trading 38,000 in the tax year 2022-23. He paid qualifying interest of 200 per month. He was provided with the accommodation as per the employment contract, which is located at distinct distance from the workplace. The annual value of accommodation is 8,YYY and cost his employer 70,000 four years ago. The employer pays all of his household bills totaling 100 per month. He has provided furniture along with accommodation as per the employment contract, furniture cost her employer 5,000. The employer provided Mr. Lawrence with a petrol - powered motor car for 10 months. The list price of the car was 15,YYY. It has a CO2 emission rate of 158 grams per km. Further, Fuel for the car is also provided by the employer. The employer of Mr. Lawrence provided him a loan of 20,YYY on 1 April, 2022 with 1.5% interest. He repaid 15,YYY of the loan on 30 September, 2022. You are required to compute Mr. Lawrence Taxable income and tax liability for the year 2022-23 as per the UK Tax Law.

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