Paul is a British citizen and lives in the UK where he has his only house. He iscontemplating starting a retail clothing business. He has appointed you as his taxrepresentative. As a first assignment, you have been asked to explain to him theprinciples governing the taxation of individuals in the UK.In the light of the above statement, write a report to Paul and critically discuss the taximplications of individuals in the UK. (Your answer should cover the residency tests andyou may also wish to include numerical examples for tax year 2022