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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 PAYE per month He also received building society interest on YYY interest on treasury stock YYY and dividend of YYY Interest from National Saving & Investment Certificates NS & I Winning from Premium Bond Prize and also have Income from Trading in the tax year He paid qualifying interest of 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 YYY and cost his employer four years ago. The employer pays all of his household bills totaling per month. He has provided furniture along with accommodation as per the employment contract, furniture cost her employer The employer provided Mr Lawrence with a petrol powered motor car for months. The list price of the car was YYY It has a CO emission rate of grams per km Further, Fuel for the car is also provided by the employer. The employer of Mr Lawrence provided him a loan of YYY on April, with interest. He repaid YYY of the loan on September, You are required to compute Mr Lawrence Taxable income and tax liability for the year as per the UK Tax Law.
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