Daniel was an employee of Superfit Manufacturing Limited ("SUPERFIT") for 22 years and 10 months. He was made redundant by the company on 31 August 2022. Daniel's salary from 6 April 2022 to the date of his redundancy was £28,800 gross (PAYE paid £7,740). Daniel was provided with a company car by his employer until the date of his redundancy. The petrol car was purchased in May 2021 and had a list price of £25,000 and had CO2 emissions of 141g/km. Daniel paid £100 per month towards the fuel costs. All other fuel costs were paid for by his employer. Daniel received the following redundancy package from his employer. £ Statutory Redundancy Payment 8,250 Payment in Lieu of Notice* 6,000 Non Contractual Redundancy Payment 32,000 Total 46,250 * Under the terms of Daniel's contract his employer is contractually obliged to provide a notice period Requirement Calculate the tax payable for 2022/23 by Daniel.

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To calculate the tax payable for 202223 by Daniel we need to consider various components of his income and redundancy package Lets break down the calc... View the full answer