In 2020-21, Philippa has business profits of 10,000. She also receives bank interest of 3,380 and net
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In 2020-21, Philippa has business profits of £10,000. She also receives bank interest of £3,380 and net loan interest of £36,680. Her personal allowance is £12,500 and she makes no Gift Aid donations or pension contributions during 2020-21. Calculate the income tax payable by Philippa for the year. Does it matter whether or not she is a Scottish taxpayer?
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