In 2023-24, Kenneth (who is not a Scottish taxpayer) has business profits of 59,120 and bank interest
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In 2023-24, Kenneth (who is not a Scottish taxpayer) has business profits of £59,120 and bank interest of £980. His personal allowance for the year is £12,570. He makes no Gift Aid donations or pension contributions during 2023-24.
Calculate Kenneth’s income tax liability for the year. Also explain how this liability would differ for a Scottish taxpayer.
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Notes i Taxable income includes nonsavings income of more than 5000 Therefore t...View the full answer
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