Ivan (who is not a Scottish taxpayer) has the following income for tax year 2020-21: His personal

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Ivan (who is not a Scottish taxpayer) has the following income for tax year 2020-21:

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His personal allowance for 2020-21 is £12,500. Compute the income tax payable by Ivan for the year. How would this differ for a Scottish taxpayer?

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 10, 2024 01:02 AM

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Ivan (who is not a Scottish taxpayer) has the following income for tax year 2020-21: His personal

Question:

Part-time salary Net interest on gilt-edged securities Premium bond prize Dividends 16,985 1,360 50 15,560

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To calculate the income tax payable by Ivan for the 202021 tax year as a nonScottish UK taxpayer we need to consider the UK income tax bands and rates ...View the full answer

Taxation Finance Act 2020

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