In 2020-21, Robert (who is not a Scottish taxpayer) has business profits of 40,000 and receives bank
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In 2020-21, Robert (who is not a Scottish taxpayer) has business profits of £40,000 and receives bank interest of £1,250. His personal allowance is £12,500. Calculate Robert's income tax liability for the year. How would this differ for a Scottish taxpayer?
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Notes i Taxable income includes nonsavings income of more than 5000 Therefore the starting rate for ...View the full answer
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