Hari S. runs a successful consulting business. His taxable trading income for the year is £193,900. In addition, he received the following: 

1. During 2020/21, Hari's accounts were credited with this interest: Building society accounts £17,250 NS&I Easy access savings account £9,800 ISA accounts £4,150 

2. Hari received UK dividends of £40,200 from his investment portfolio. 

3. Hari made monthly donations of £200 under the Gift Aid scheme. 

Requirement Calculate Hari's income tax payable for the year.

Answer rating: 100% (QA)

Particulars Amount Trading Income Buildi... View the full answer