In 2020-21, Kenneth (who is not a Scottish taxpayer) has business profits of 58,850 and bank interest
Question:
In 2020-21, Kenneth (who is not a Scottish taxpayer) has business profits of £58,850 and bank interest of £980. His personal allowance for the year is £12,500. He makes no Gift Aid donations or pension contributions during 2020-21. Calculate Kenneth's income tax liability for the year. Also explain how this liability would differ for a Scottish taxpayer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: