Ben (who is not a Scottish taxpayer) has business profits of 110,520 in 2017-18. He has no
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Ben (who is not a Scottish taxpayer) has business profits of £110,520 in 2017-18. He has no other income and makes no Gift Aid donations or pension contributions . Calculate the amount of his 2017-18 personal allowance and show that a £100 increase in his profits would result in a £60 increase in his income tax liability for the year.
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i Bens adjusted net income is 110520 This exceeds 100000 by 10520 So the per...View the full answer
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