94 ARRAY LTD

(a)
Details of employees' taxable benefits are reported to HMRC by using a P11D form for each employee
The deadline for submitting this information for tax year 20/21 is 6 july 2021

(b)
ALICE

CAR BENEFIT W-1 4900

FUEL BENEFIT FOR CAR 6125
(24500*25%)

WORKING-1
£
LIST PRICE 24600
LESS CAPITAL CONTRIBUTION BY EMPLOYEE -5000
(MAX 5000)
NET PRICE 19600
@APPROPRIATE %AGE 0.25
(14%+((113-55)/5)%)
(ROUNDED OFF)
TAXABLE CAR BENEFIT 4900

BUMA

BENEFICIAL LOAN INTEREST BENEFIT W-2 300

WORKING-2

LOAN AT THE START OF THE YEAR 30000

LESS LOAN PAID DURING THE YEAR -12000
(1000*12)
LOAN AT THE END OF THE YEAR 18000

AVERAGE LOAN 24000

(30000+18000)/2

ASSESABLE BENEFIT 540

(24000*2.25%)

LESS INTEREST PAID -240

TAXABLE BENEFIT 300
 CLAUDE

THE PROVISION OF MOBILE TELEPHONE TO CLAUDE IS NOT A TAXABLE BENEFIT BUT AN EXEMPT ONE

USE OF ASSET BENEFIT W-3 160

FOR PROVISION OF HOME ENTERTAINEMENT SYSTEM

WORKING-3
HIGHER OFF
20% MV AT THE DATE PROVIDED FOR USE 160
(3200*.20*(3/12)
RENT PAID BY THE EMPLOYER NA

DENISE

ONLY £8000 OF THE RELOCATION AND REMOVAL EXPENSE IS EXEMPT, SO THE TAXABLE BENEFIT IS
(10400-8000)
2400

UPTO £500 OF THE RECCOMENDED MEDICAL TREATMENT IS EXEMPT FOR THE EMPLOYEES WORKING OVERSEAS.
SO, THE AMOUNT £340 IS EXEMPT BENEFIT

(c)
CLASS 1 A NIC

GROSS CASH EARNING OF EMPLOYEE

TAXABLE BENEFIT OF ALICE 11025
TAXABLE BENEFIT OF BUMA 300
TAXABLE BENEFIT OF CLAUDE 160
TAXABLE BENEFIT OF DENISE 2400
13885
13.80%
1916.13
r each employee
AN EXEMPT ONE

BLE BENEFIT IS

OYEES WORKING OVERSEAS.

 95 MARTIN LTD
(a)
TAX YEAR 20/21
EMPLOYMENT INCOME

SALARY 144000
ADD BONUS/COMMISION PAID 35100
(21400+13700)
ADD TAXABLE BENEFIT

CAR BENEFIT W-1 3744

LOAN BENEFIT NOTE 1 0
HOME ENTERTAINMENT SYSTEM 1480
(7400*20%) 5224

LESS CONTRIBUTION TOWARDS OCCUPATIONAL PENSION PLAN -1000

LESS PROFESSIONAL SUBSCRIPTION -560
HEALTRH CLUB MEMBERSHIP 0
182764

TRADING PROFIT 20930

W-2

PROPERTY INCOME 1700

(9200-7500)

DIVIDEND INCOME 440

INTEREST INCOME 0
(INTEREST INCOME FROM NS&I CERTIFICATES IS EXEMPT INCOME)

TOTAL INCOME 205834

LESS PERSONAL ALLOWANCE 0
(ZERO FOR ANI MORE THAN 125000 POUNDS)
TAXABLE INCOME 205834

WORKING-1
CAR BENEFIT
APPROPRIATE %AGE
6 APRIL 2020 TO 31 DEC 2020 3198 14%+(118-55)/5%
(16400*26%*(9/12)) 0.266 APPROX 26%
1 JAN 2020 TO 5 APRIL 2021 546 6%
(36400*6%*(3/12))

TAXABLE CAR BENEFIT 3744

 NOTE-1

LOAN OF AMOUNT LESS THAN 10000 POUNDS WITH AN INTEREST RATE LESS THAN 2.25% IS AN EXEMPT BENEFIT

WORKING-2

1-JAN-19 TO 30-SEP-20
PROFIT FOR THE PERIOD 40950
(54600*(9/12))

MARTIN SHARE OF PROFIT 16380

(40950*40%)

1-OCT-20 TO 31-DEC-21
PROFIT FOR THE PERIOD 13650
(54600*(3/12))

MARTIN SHARE OF PROFIT 4550

(13650/3)

1-JAN-19 TO 31-DEC-21
PROFIT FOR THE YEAR 20930
(MARTIN'S SHARE)

APPLY CURRENT YEAR BASIS

20/21
TRADING PROFIT 20930

(b)
THE DEADLINE TO MAKE AMENDMENTS IS 31-JAN-23 (12 MONTHS AFTER FILING DATE I.E. 31-JAN-22)
INCASE IF ADDITIONAL TAX BECOME PAYABLE, THEN INTEREST WILL BE CHARGED FROM THE FILING DATE (31ST JA
N EXEMPT BENEFIT

TE I.E. 31-JAN-22)
OM THE FILING DATE (31ST JAN 2022) TO THE DATE WHEN ADDITIONAL TAX IS PAID
 96 KAYA

ADDITIONAL DIRECTORS RENUMERATION

NON SAVING DIVIDEND
DIVIDEND INCOME 45000
EMPLOYMENT INCOME
GROSS SALARY 30000
BONUS 25000

TOTAL INCOME 55000 45000

LESS PERSONAL ALLOWANCE -12500 0
TAXABLE INCOME 42500 45000

NON SAVING DIVIDEND

BRB 5000*20% 1000
SRB 32500*20% 6500
HRB 5000*40% 2000 2000*0% 0
43000*32.5% 13975

INCOME TAX LIABILITY 23475

REVISED CLASS 1 EMPLOYEES NIC

GROSS CASH EARNINGS 55000

(0-9500)*0% 0
(9500-50000)*12% 4860
(50000-55000)*2% 100

CLASS 1 EMPLOYEES NIC 4960

REVISED CLASS 1 EMPLOYERS NIC

GROSS CASH EARNINGS 55000

AS PER QUESTION 2927

BONUS 3450
(25000*13.8%)

CLASS 1 EMPLOYERS NIC 6377

CORPORATION LIABILITY
ADDITIONAL DIVIDEND INCOME

INCOME TAX LIABILITY

AS PER QUESTION 12975
INCOME TAX ON ADDITIONAL DIVIDEND 8125
(25000*32.5%)
21100

THE CLASS 1 ICS FOR BOTH KAYA AND HOPI LTD WILL REMAIN SAME AS WELL AS HOPI'S CORPORATION LIABILITY
TOTAL INCOME

87500
ORPORATION LIABILITY
 97 PATIENCE

INCOME TAX LIABILITY

£
EMPLOYMENT INCOME

SALARY
(3750*9)
LESS CONTRIBUTION TOWARDS OCCUPATIONAL PENSION PLAN

EMPLOYEE -2025
(33750*6%)
EMPLOYER 0
ADD TAXABLE BENEFIT

SCHOOL PLACE 540

(COST TO THE EMPLOYER)
LONG SERVICE AWARD 0
BENEFICIAL LOAN 0

TRADING PROFIT
(W-1)
PENSION INCOME
(1450+6000+3300)
PROPERTY INCOME
(W-3)
NET INCOME
LESS PERSONAL ALLOWANCE
TAXABLE INCOME

NON SAVING INCOME 8115

SRB 5000*20% 1000
BRB 37500*20% 7500
(W-4)
HRB 8115*40% 3246
INCOME TAX LIABILITY 11746

WORKING-1
TRADING PROFIT
1ST AUGUST 2019 TO 31ST JULY 2020 14800

1ST AUGUST 2020 TO DECEMBER 2020

 TRADING PROFIT BEFORE CAPITAL ALLOWANCE 6900
LESS CAPITAL ALLOWANCE W-3 -1900
TRADING PROFIT AFTER CAPITAL ALLOWANCE 5000
19800
LESS OVERLAP PROFIT -3700
TAX ADJUSTED TRADING PROFIT 16100

WORKING-2

1/8/2020 TAX WRITTEN DOWN VALUE BALANCE B/F 2200

10/8/2020 ADDITIONS 1700
LESS 31/12/20 DISPOSAL -2000
(1200+800)
CAPITAL ALLOWANCE 1900

WORKING-3

RENT RECEIVED 10800

(3600+7200)
LESS EPENDITURE INCURRED -7300
(4700+2600)
3500

WORKING-4

GROSS CONTRIBUTION INTO PERSONAL PENSION PLAN 4500

(3600*(100/80)
ADD BRB OLD SPACE 32500
BRB NEW SPACE 37000

CAPITAL GAIN TAX

PROPERTY ONE PROPERTY TWO

DISPOSAL PROCEEDS 122000 98000
LESS PURCHASE COST -81400 -103700

CHARGEABLE GAIN/LOSS 40600 -5700

NET CHARGEABLE GAINS 34900

(40600-5700)
LESS ANNUAL EXEMPT AMOUNT -12300
TAXABLE GAINS 22600
TAX RATES APPLY
TAXABLE INCOME=50115

CAPITAL GAIN TAX 6328

(22600*28%)
£

33750

-2025

540

32265

16100

10750

3500

62615
-12500
50115

TAX YEAR
20/21
20/21
 98 KAGAN

(A) INCOME TAX LIABILITY

AS PER QUESTION 165600
ADD TAX ON DIVIDEND INCOME 5067.3
((15300-2000)*38.1%)
170667.3

(B)
1 THE BASE COST OF THE SHARES WILL BE THEIR VALUE AT THE TIME OF HIS AUNTS DEATH (510000) SO T

NON
SAVING
INCOME DIVIDEND TOTAL
EMPLOYMENT INCOME 400000
PENSION LUMP SUM 0
INCOME FROM PREMIUM BOND 0
INTEREST FROM ISA 0
PROPERTY INCOME 9600
DIVIDEND INCOME 1950
NET INCOME 409600 1950 411550
LESS PERSONAL ALLOWANCE 0 0 0
TAXABLE INCOME 409600 1950 411550

NON SAVING
SRB 5000*20% 1000
BRB W-1 132500*20% 26500
HRB 112500*40% 45000
ARB 159600*45% 71820
DIVIDEND
ARB 1950*0% 0

INCOME TAX LIABILITY 144320

WORKING-1

OLD BRB SPACE 32500

ADD GROSS CONTRIBUTION IN PERSONAL PENSION PLAN 100000
 NEW BRB SPACE 132500

(C)
AUNTS DEATH (510000) SO THE MINIMAL INCREASE IN THEIR VALUE WILL LIKELY BE COVERED BY THE ANNUAL EXEMPT AMOUT (12300 P
UAL EXEMPT AMOUT (12300 POUNDS)
 99 DILL

(A)
DURING THE TAX YEAR 19/20 DILL WAS TREATED AS A NON UK REISDENT BECAUSE

SHE HAD BEEN A UK RESIDENT FOR PREVIOUS THREE TAX YEARS,HAD BEEN IN UK
BETWEEN 46 TO 90 DAYS DURING 19/20 AND WAS NOT WORKING FULL TIME OVERSEAS.
SO,SHE DIDN'T PASS ANY AUTOMATIC TEST

SHE HAD TWO UK TIES

WHICH ARE HAVING A HOUSE IN UK ( WHICH SHE MADE USE OF DURING THE TAX YEAR 19/20)
BEEN IN UK FOR MORE THAN 90 DAYS DURING THE TAX YEAR 19/20

(B)
EMPLOYMENT INCOME
SALARY 290000 WORKING-1
ADD BONUS 45500
(16200+29300) INTEREST PAYABLE @ 2.25%
USE OF HERB PLC GYM 0 (80000*2.25%*(10/12)
ADD USE OF HOME ENTERTAINMENT SYS 1180 LESS INTEREST ACTUALLY PAID
(5900*20%)
PROVISION OF CHILDCARE NURSERY 0 BENEFICIAL LOAN
ADD BENEFICIAL LOAN W-1 1500 WORKING-2
ADD HEALTH CLUB MEMBERSHIP 990
LESS MILEAGE DEDUCTION -1625 APPROVED MILEAGE ALLOW
LESS CONTRIBUTION TOWARDS OCCUPATIONAL (10000*.45+4500*.25)
PENSION PLAN LESS MILEAGE REIMBURSED BY HE
BY EMPLOYER 0 (16000*.25)
BY EMPLOYEE W-3 -14000 ALLOWABLE DEDUCTION
323545
PREMIUM BOND PRIZE 0
INTEREST FROM NS&I CERTIFICATES 0

TOTAL INCOME 323545

LESS LOSS RELIEF -58000
NET INCOME 265545
LESS PERSONAL ALLOWANCE 0
TAXABLE INCOME 265545
IME OVERSEAS.

THE TAX YEAR 19/20)

INTEREST PAYABLE @ 2.25% 1500

(80000*2.25%*(10/12)
INTEREST ACTUALLY PAID 0

BENEFICIAL LOAN 1500

APPROVED MILEAGE ALLOWANCE 5625

(10000*.45+4500*.25)
MILEAGE REIMBURSED BY HERB PLC 4000
(16000*.25)
ALLOWABLE DEDUCTION 1625
 100 RICHARD TRYER
NON
SAVING SAVING DIVIDEND TOTAL
EMPLOYMENT INCOME
SALARY 41030
CAR BENEFIT (W-1) 3275
FUEL BENEFIT (W-2) 4594
LIVING ACCOMODATION (W-3) 13200
USE OF ASSET BENEFIT (W-4) 2420
LIVING EXPENSE BENEFIT 3700
68219 68219
PROPERTY INCOME (W-5) 7375 7375
BUILDING SOCIETY INTEREST 1260 1260
DIVIDENDS 5800 5800
NET INCOME 75594 1260 5800 82654
LESS PERSONAL ALLOWANCE -12500 0 0 -12500

TAXABLE INCOME 63094 1260 5800 70154

£
NON SAVING
BRB 37500*20% 7500
HRB 25594*40% 10237.6
SAVING
HRB 500*0% 0
760*40% 304
DIVIDEND
HRB 2000*0% 0
3800*32.5% 1235
INCOME TAX LIABILITY 19276.6
LESS PAYE -19130
INCOME TAX PAYABLE 146.6
WORKING-1

LIST PRICE 17900

NET PRICE 17900

@APPROPRIATE %AGE 0.25

14%+((114-55)/5)%
CAR BENEFIT 4475
LESS CONTRIBUTION TOWARDS -1200
RUNNING COST
TAXABLE CAR BENEFIT 3275

WORKING-2

FUEL BENEFIT FOR CAR 4593.75

(24500*25%*(9/12)

WORKING-3

BASIC CHARGE RATE 13200

HIGHER OFF
ANNUAL RENT 8600
RENT PAID BY EMPLOYER 13200
(1100*12)
LIVING ACCOMODATION EXPENSE BENEFIT 3700
WORKING-4
USE OF FURNITURE BENEFIT 2420
12100*20%
 101 PETULA
NON SAVING SAVING TOTAL
EMPLOYMENT INCOME
SALARY 270000
BONUS 41000
(18600+22400)
MILEAGE BENEFIT W-1 8350
LESS PROFESSIONAL SUBSCRIPTION -630
SUBSCRIPTION MEMBERSHIP FE 0
DOWNTOWN PENSION 0
CONTRIBUTION
318720 318720

PROPERTY INCOME W-2 11340 11340

INTEREST INCOME
(250000*3%*(4/12) 2500 2500
TOTAL INCOME 330060 2500 332560
LESS QUALIFYING LOAN INTEREST -140 0 -140
NET INCOME 329920 2500 332420
LESS PERSONAL ALLOWANCE 0 0 0
TAXABLE INCOME 329920 2500 332420

(B)
WORKING-1
MILEAGE REIMBURSED 15600
(26000*.6)
LESS APPROVED MILEAGE ALLOWANCE 7250
(10000*.45+11000*.25)
MILEAGE BENEFIT 8350
 102 TONIE

(A)
ACCORDING TO SUFFICIENT TIES TEST TONIE IS NOT A UK RESIDENT AS
SHE HAS ONLY 2 UK TIES
COUNTRY SHE SPENT MAXIMUM DAYS IN UK THAN IN ANY OTHER COUNTRY DURING THE TAX YEAR 19/
DAYS IN UK SHE SPENT MORE THAN 90 IN PREVIOUS TWO TAX YEARS

(B)
FACTORS INDICATING THAT TONIE IS AN EMPLOYEE RATHER THAN SELF EMPLOYED ARE:

1 SHE DIDN’T TAKE ANY FINANCIAL RISK

2 RESTRICTION TO WORK FOR ANY OTHER CLIENT EXCEPT DROID PLC INDICATES THAT
THE TONIE (THE EMPLOYEE) IS BEING CONTROLLED BY THE EMPLOYER

3 SHE IS REQUIRED TO COMPLETE HER WORK WITHOUT DELEGATING IT

TO ANY OTHER CONTRACTOR

4 SHE HAS TO ATTEND WEEKLY MEETING AND INSTRUCTED HOW SHE SHOULD PERFORM
THE WORK

(C)
EMPLOYMENT INCOME NON SAVING SAVING TOTAL
SALARY 74400
(6200*12)
MILEAGE BENEFIT W-1 345
LESS CAPITAL ALLOWANCE -2160
(180*12) 72585 72585

PROPERTY INCOME W-2 9670 9670

INTEREST INCOME 1250 1250

(100000*3%*5/12)

PREMIUM PRIZE BOND 0

INTEREST FROM NS&I CERTIFICATES 0
NET INCOME 82255 1250 83505
LESS PERSONAL ALLOWANCE -12500 0 -12500
TAXABLE INCOME 69755 1250 71005
RY DURING THE TAX YEAR 19/20

WORING-1

MILEAGE REIMBURSED 1380

(2300*.60)
LESS APPROVED MILEAGE ALLOWANCE 1035
(2300*.45)
MILEAGE ALLOWANCE 345
KAT

(A)
PURCHASE OF PROPERTY PERSONALLY
INCOME TAX PROFORMA

EMPLOYEMENT INCOME 60650

ADD PROPERTY INCOME 26600

RENTAL INCOME 31200

(2600*12)
LESS OTHER ALLOWABLE EXPENSE -4600
NET INCOME 87250
LESS PERSONAL ALLOWANCE -12500
TAXABLE INCOME 74750

NON SAVING INCOME

BRB 37500*20% 7500
HRB 37250*40% 14900
22400 INCOME TAX LIABILITY 20000
(22400-20%OF 12000)
PURCHASE OF PROPERTY VIA LIMITED COMPANY
NON SAVING DIVIDEND
EMPLOYEMENT INCOME 60650
DIVIDEND INCOME 6000
NET INCOME 60650 6000
LESS PERSONAL ALLOWANCE -12500 0
TAXABLE INCOME 48150 6000

NON SAVING DIVIDEND

BRB 37500*20%
HRB 10650*40% 2000*0%
4000*32.5%
11760 1300
INCOME TAX LIABILITY 13060

CONCLUSION

IF KAT PURCHASES PROPERTY VIA LIMITED COMPANY INSTEAD OF PERSONALLY PURCHASING IT THE TAX SAVING W

PURCHASE PERSONALLY 20000

LESS PURCHASE VIA LIMITED COMPANY -15834
(13060+2774)
TAX SAVING 4166
(B)
CGT
CHASING IT THE TAX SAVING WOULD BE
CAROL COURIER

(A)
INCOME TAX PROFORMA
£
EMPLOYMENT INCOME 41800
SALARY 44000
LESS CONTRIBUTION INTO -2200
OCCUPATIONAL PENSION PLAN
( 5%*44000)
NET INCOME 41800
LESS PERSONAL ALLOWANCE -12500
TAXABLE INCOME 29300

BRB 29300*20% 5860

INCOME TAX 5860

CLASS 1 NIC 4140

GROSS CASH EARNING 44000

(0-9500) 0% 9500*0%
(9500-44000) 12% 34500*12%

4140

(B)
INCOME TAX PROFORMA

INCOME 60000
LESS EXPENSE -7200
TRADING INCOME 52800
LESS PERSONAL ALLOWANCE -12500
TAXABLE INCOME 40300

INCOME TAX 8060

(40300*20%)
BRB SPACE INCREASED BY 3000
NEW SPACE FOR BRB 40500

CLASS 2 NIC 158.6

£3.05*52
 CLASS 4 NIC 3701

TRADING INCOME 52800

(0-9500) 9500*0%
(9500-50000) 40500*9%
(50000-52800) 2800*2%
3701

(C)

EMPLOYED SELF EMPLOYED

SALARY 44000 0
ADD TRADING INCOME 0 52800
LESS CONTIBUTION -2200 -2400
LESS NIC -4140 -3860
LESS INCOME TAX -5860 -8060
31800 38480

NET INCOME INCREASE BY 6680 IF CAROL CHOOSES TO ACCEPT THE OFFER TO PROVIDE
DELIVERY SERVICE ON A SELF EMPLOYED BASIS
 104 CAROL COURIER

(A) NON SAVING

EMPLOYMENT INCOME
SALARY 44000
LESS CONTRIBUTION INTO OCCUPATIONAL PENSION PLAN -2200
(44000*5%)
NET INCOME 41800
PERSONAL ALLOWANCE -12500
TAXABLE INCOME 29300

BRB 29300*20% 5860

INCOME TAX LIABILITY 5860

CLASS 1 NIC

GROSS CASH EARNING 44000

(0-9500) 9500*0% 0
(9500-44000) 34500*12% 4140
CLASS 1 NIC LIABILITY 4140

(B)
SAVING
INCOME 60000
(47000+13000)
LESS EXPENSES -7200
(4400+2800)
TRADING PROFIT 52800

NET INCOME 52800

LESS PERSONAL ALLOWANCE -12500
TAXABLE INCOME 40300

INCOME TAX LIABILITY 40300*20% 8060

CLASS 2 NIC
3.05*52 158.6

CLASS 4 NIC

(0-9500) 9500*0% 0
 (9500-50000) 40500*9% 3645
(50000-52800) 2800*2% 56
3701

(C)

EMPLOYED SELF EMPLOYED

SALARY 44000 0
TRADING INCOME 0 52800
LESS PENSION CONTRIBUTION -2200 -2400
LESS NIC CLASS 1 -4140 0
LESS NIC CLASS 2 0 -159
LESS NIC CLASS 4 0 -3701
LESS INCOME TAX -5860 -8060
NET DISPOSAL INCOME 31800 38480

IT IS THEREFORE BENEFICIAL FOR CAROL TO ACCEPT THE OFFER AS HER NET INCOME WILL INCREASE
BY (38480-31800) 6680 POUNDS.
 105 IDRIS WILLIAM

(A)
5TH APRIL ACCOUNTING DATE
1 BOTH THE TAX YEAR AND ACCOUNTING PERIOD WILL FALL ON THE SAME DATE AND HE WILL NOT HAVE TO
APPLY BASIS PERIOD RULE

2 NO OVERLAP PROFIT IN THIS CASE

HOOWEVER IN CASE HE CHOOOSES 30 JUNE AS AN ACCOUTING PERIOD OVERLAP PROFIT WILL ARISE

30TH JUNE ACCOUNTING DATE

1 MUCH EASIER TO IMPLEMENT TAX PLANNING MEASURES AS THEIR MUCH LONGER PERIOD TO PLAN

2 INTERVAL BETWEEN EARNING PROFIT AND PAYING THE RELATED TAX LIABILITY WILL BE 9 MONTHS
LONGER THAN WITH ACCOUNTING DATE 5TH APRIL

(B)

NET PROFIT 20175 WORKING-1

ADD PERSONAL PURCHASE 4500
ADD DEPRECIATION 1250 AIA
ADD DISALLOWABLE MOTOR EXPENSES 3269 ADDITIONS
(9340*(7000/20000) (WITHOUT AIA)
ADJUSTED PROFIT BEFORE CAPITAL ALLO 29194 (WITH AIA) 3500
LESS CAPITAL ALLOWANCE W-1 -4553 -3500
TAX ADJUSTED TRADING PROFIT 24641 0
WDA 18%
TWDV C/F
 ND HE WILL NOT HAVE TO

PROFIT WILL ARISE

R PERIOD TO PLAN

WILL BE 9 MONTHS

MAIN POOL PRIVATE USE CAPITAL ALLOWANCE

9000

-3500

-1620 -1053
7380
-4553
ETHEL

(A)
CASH BASIS

INCOME (74500-10000) 64500 NOTE-1

NOTE-1
LESS FOOD,UTILITIES&OTHER EXPENSE -25000 WHEN ACCOUNTING USING CASH BASIS ONLY THO
LESS FLAT RATE PRIV USE ADJ 7800
NOTE-2
NOTE-2
LESS CAR EXPENSE -4750 TOTAL PAYMENTS F 25000 CAN BE DEDUCTED FRO
NOTE-3
KITCHEN EQUIPMENT 0 NOTE-3
NOTE-4 IN CASH BASIS OF ACCOUNTING
TAX ADJUSTED TRADING PROFIT 42550 THE ONLY ALOWABLE EXPENSE INCASE OF CARS IS
SO,
10000*45% 4500
1000*25% 250
4750
NO CAPITAL OR RUNNING EXPENDITURE FOR CARS
NOTE-4
CASH BASIS DOES NOT ACCOUNT FOR EXPENDITU

(B)
ACCRUAL BASIS
INCOME 74500
LESS FOOD,UTILITIES & OTHER -16250 WORKING-1
(25000*65%)
LESS:
CAPITAL EXPENDITURE ON CAR 0
CAR EXPENSE -1800 NOT QUALIFYING FOR
(3000*60%) FYA OF AIA
ADJUSTED PROFIT BEFORE CAPITAL ALLOWANCE 56450 CAR 105GM/KM
LESS CAPITAL ALOWANCE (W-1) -1862 ADDITIONS
MAIN POOL
TAX ADJUSTED TRADING PROFIT 54588
LAST DAY VALUE
WDA@18%
TWDV C/F
TOTAL ALLOWANCE
G USING CASH BASIS ONLY THOSE INCOME ARE RECORDED WHICH HAVE BEEN RECEIVED DURING THE TAX YEAR

25000 CAN BE DEDUCTED FROM TRADING PROFIT BUT FLAT RATE OF 7800 SHOULD BE ADDED BACK

CCOUNTING
E EXPENSE INCASE OF CARS IS APPROVED MILEAGE ALLOWANCE

NING EXPENDITURE FOR CARS OR CAPITAL ALLOANCE WILL BE AVAILABLE

OT ACCOUNT FOR EXPENDITURE WHICH HASN'T BEEN PAID FOR YET

AIA MAIN POOL PPA-1 CAPITAL ALLOWANCE

LIFYING FOR

14000

350
-350 350
0 14000
-2520 1512
0 11480
1862
ROBINETTE

(A)
EMPLOYMENT INCOME(N-2) 68660
TAX ADJUSTED TRADING PROFIT (N-1) 75350
TAX ADJUSTED TRADING PROFIT(N-3) 11800
PROPERTY INCOME(N-4) 6288
NET INCOME 162098
LESS PERSONAL ALLOWANCE 0
(12500-(109098-100000)/2)
TAXABLE INCOME 162098
NOTE-1
SELF EMPLOYMENT CEASING ON 30 JUNE 2020 WORKING-1

ADJUSTED PROFIT BEFORE CAPITAL ALLOWANCE 106900

LESS CAPITAL ALLOWANCE (W-1) -8850 TWDV B/F
ADJUSTED PROFIT AFTER CAPITAL ALLOWANCE 98050 ADD ADDITIONS
LESS DISPOSAL
APPLY BASIS PERIOD RULES

LAST POA 1ST MAY 2019-30 JUNE 2020 98050

20/21
ADJUSTED PROFIT AFTER CAPITAL ALLOWANCE 98050
LESS OVERLAP PROFIT -22700
TAX ADJUSTED TRADING PROFIT 75350
NOTE-2
EMPLOYMENT FROM 1 AUG 2020 TO 31 JAN 2021 WORKING-2

EMPLOYMENT INCOME 68660 BASIC CHARGE RATE

SALARY 63600 690*6
ADD LIVING ACCOMODATION BENEFIT(W-2) 5580 LIVING ACCOMODATION EXP
PROVISION OF WORKPLACE NURSERY 0
LESS TRAVELLING EXPENSE -520 WORKING-3

AMA
(5200*.45)
REIMBURSED BY EMPLOYER
(5200*.35)
NOTE-3 TAXABLE TRAVELLING EXPEN
SELF EMPLOYMENT FROM 1ST FEB 2021

ADJUSTED PROFIT BEFORE CAPITAL ALLOWANCE 55700

LESS CAPITAL ALLOWANCE -26200
 (AIA FOR PLANT & MACHINERY)
ADJUSTED PROFIT AFTER CAPITAL ALLOWANCE 29500

APPLY BASIS PERIOD RULE

20/21 29500
1ST BASIS PERIOD OYR
1ST FEB 2021-5TH APRIL 2021 29500*(2/5)

TAX ADJUSTED TRADING PROFIT 11800

NOTE-4
PROPERTY INCOME 6288

RENTAL INCOME 6600

(1100*6)
LESS ALLOWABLE DEDUCTION -312
(624*6/12)
6288
WORKING-1

MAIN POOL ALLOWANCE

15300
ADDITIONS 2600
-7300
-1750
8850 8850

WORKING-2

BASIC CHARGE RATE 4140

LIVING ACCOMODATION EXPENSE BENEFIT 1440

5580
WORKING-3

2340
(5200*.45)
REIMBURSED BY EMPLOYER -1820
(5200*.35)
TAXABLE TRAVELLING EXPENSE 520
DEMBE

(A)
PERSONAL PENSION CONTRIBUTION
BEFORE AFTER
TAXABLE INCOME 130000 TAXABLE INCOME 117500
(130000-12500)
INCOME TAX SAVING
INCOME TAX 44500 INCOME TAX (W-1) 31500
(37500*20%+92500*40%) (77500*20%52500*40%)

CLASS 2 NIC 158.6 158.6

CLASS 4 NIC 5245 5245

(40500*9%+8000*2%)
49903.6 36903.6

TAX REDUCTION 13000

(B)(C)
FANG HONG AND KANG
(A) TRADING PROFIT
1ST POA 1 AUG 2018 - 31 JULY 2019 45960
2ND POA 1ST AUG 2019 - 31 JULY 2020 39360

18/19 OYR
1ST BASIS PERIOD OVERLAP PROFIT
1 AUG 2018-5 APRIL 2019 1 AUG 2018-5 APRIL 2019
45960*(8/12) 30640
30640

19/20 OYR
2ND BASIS PERIOD
1 AUG 2018-31 JULKY 2019
45960

20/21 CYB
3RD BASIS PERIOD
39360

FANG WILL CLAIM RELIEF AGAINST THE EXPENDITURE INCURRED IN ACQUIRING THE COMPUTER EQUIPMENT
BY TREATING IT AS AN ALLOWABLE EXPENSE IN THE YEAR THE TRADE IS COMMENCED
TREATED AS INCUREED IN 1 AUG 2018 PROVIDED IT WAS INCURRED 7 YRS AND WOULD HAVE BEEN ALLOWABLE IF TRADE HA

(B)
TRADING LOSS
6 APRIL 2019 TO 6 APRIL 202 -45800

RELIEF AGAINST TOTAL INCOME

TRADING PROFIT 27100
( 29700-2600)
ADD PROPERTY INCOME 3900
TOTAL INCOME 31000
LESS LOSS -31000
TAXABLE INCOME 0

RELIEF AGAIINST CHARGEABLE GAIN

CAPITAL GAIN 17800
LESS TRADING LOSS -11600 LOWER OFF
NET CHARGEABLE GAIN 6200 CHARGEABLE GAIN LESS CAPITAL LOSS B/F
LESS AEA -6200 11600
TAXABLE GAIN 0 REMAINING TRADING LOSS
TRADING LOSS MEMORANDUM 14800

LOSS FOR YEAR ENDED 5 APRIL 2020 -45800

RELIEF AGAINST
TOTAL INCOME 31000
CHARGEABLE GAIN 11600

TRADING LOSS C/F -3200

(C)
TRADING PROFIT
1ST JULY 2018-30 JUNE 2019 148800
1ST JULY 2019 -30 JUNE 2020 136800

SHARE OF PROFIT

KANG LING MING

1ST JULY 2018-30 JUNE 2019 49600 49600 49600
(148800/3)

1ST JULY 2019-31 OCT 2019 15200 15200 15200

(136800*4/12)/3

1ST NOV 2019-30 JUNE 2020 45600 45600 0

(136800*8/12)/2

TRADING INCOME ASSESMENT

KANG
19/20 CYB 49600

20/21 CYB 60800

LING
19/20 CYB 49600

20/21 CYB 60800

MING

19/20 CESSATION YEAR RULE 35400

2ND LAST POA 1ST JULY 2018-30 JUNE 2019 49600

LAST POA 1ST JULY 2019 -31 OCT 2019 15200
LESS OVERLAP PROFIT -29400
35400

20/21 0
R EQUIPMENT

EEN ALLOWABLE IF TRADE HAS ALREADY BEEN COOMENCED

NA STYLE

(A)

1ST POA 1ST JAN 2018-30 JUNE 2018 25200

2ND POA 1ST JULY 2018-30 JUNE2019 27600
3RD POA 1ST JULY 2019-30 JUNE2020 31315

17/18 OVERAP PROFIT

1ST BASIS PERIOD 1ST JAN 2018-5 APRIL 2018 12600
1ST JAN 2018-5 APRIL 2018
25200*3/6 1ST JULY 2018-31 DEC 2019 13800
12600
26400
18/19
2ND BASIS PERIOD
1ST JAN 2018-31 DEC 2019
25200+27600*6/12
39000

19/20
3RD BASIS PERIOD
1ST JULY 2018-30 JUNE2019
27600

20/21
4RTH BASIS PERIOD
1STJULY2019-30JUNE2020
31315

(B)
1
NON SAVING SAVING DIVIDEND TOTAL
TRADING INCOME 31315 31315
ADD DIVIDEND INCOME 5200 5200
ADD BUILDING SOCIETY INTEREST 700 700
INTEREST FROM ISA 0 0
INTEREST FROM NS&I CERTIFICATES 0 0
INTEREST FROM GILT EDGE SECURITY 370 370
NET INCOME 31315 1070 5200 37585
LESS PERSONAL ALLOWANCE -12500 0 0 -12500
TAXABLE INCOME 18815 1070 5200 25085

NON SAVING SAVING DIVIDEND TOTAL

BRB 18815*20% 1000*0% 2000*0%
 70*20% 3200*7.5%
INCOME TAX LIABILITY 4017

2
BALANCING PAYMENT FOR YEAR 2020/2021 817
TO BE PAYED ON 31ST JAN 2022
(4017-3200)

PAYMENT ON ACCOUNT FOR YEAR 2021/2022

1ST PAYMENT ON ACCOUNT 31ST JANUARY 2021 4017/2 2008.5

2ND PAYMENT ON ACCOUNT 31ST JULY 2021 4017/3 2008.5
WORKING-1
TIM BUR

(A)
PAID BY TIM BUR

CLASS 1 EMPLOYER 0

GROSS CASH EARNING 13200

(3300*4)

(13200-8788) 13.80% 608.856 EMPLOYEMENT ALLOWANCE 4000

-608.856 -608.856
REMAINING EMPLOYMENT ALLOWANCE 3391.144
PAID BY HAZEL

CLASS 1 EMPLOYEE 444

GROSS CASH EARNING 13200

(3300*4)

(0-9500) 0% 0
(9500-13200) 12% 444

(B)
1 HAZEL SHARE OF PROFIT @ 20%
1ST DEC 2020 - 31 SEP 2021 180000*20% 36000
(216000*10/12)
180000
1ST OCT 2021 - 31 SEP 2022 240000*20% 48000
240000

TRADING INCOME ASSESMENT

20/21
1ST BASIS PERIOD
1ST DEC 2020 -5 APRIL 2021
36000*4/10
14400

21/22
2ND BASIS PERIOD
1ST DEC 2020-30 NOV 2021
36000+48000*(2/12)
11600
 2

PAID BY TIM BUR

NO NIC IMPLICATIONS

PAID BY HAZEL

CLASS 2 NIC 51.85

(3.05*17)

CLASS 4 NIC 441

TAX ADJUSTED TRADING PROFIT 14400

(0-9500) 0% 0
(9500-1440 9% 441
RICHARD FEAST

(A)
1
NET PROFIT 32200 WORKING
ADD COST OF RUNNING RICHARD MOTOR CAR 3297
(4710*70%)
COST OF RUNNING RESTURANT CHEF USED CAR 0 CARS NOT QUALIFYINH FOR
ADD PARKING FINE INCURRED BY RICHARD 280 MOTOR CAR 1
ADD PROPERTY EXPENSES 3240 MOTOR CAR 2
(16200*(1/5))
ADD REPAIRS AND RENEWALS 1320 WDA @ 18%
RESTURANT 0 TWDV C/F
APARTMENT 1320 TOTAL ALLOWANCE
ADD LEGAL FEES 2590
ADJUSTED PROFIT BEFORE CAPITAL ALLOWANCE 42927
LESS CAPITAL ALLOWANCE (W) -3780
TAX ADJUSTED TRADING PROFIT 39147

2
CLASS 1 EMPLOYER 1135.256

GROSS CASH EARNINGS 46000

(46000-8788) 13.80% 5135.256 5135.256

LESS EMPLOYMENT ALLOWANCE -4000
1135.256

CLASS 1A NIC 556.416

(4032*13.8%)
TAXABLE NON CASH BENEFIT 4032

WORKING 1
LIST PRICE 16800
@ APPROPRIATE %AGE 24% 14%+((108-55)/5)% 24%
(W-1)
TAXABLE CAR BENEFIT 4032

(C)

1
RICHARD SHOULD FILE LATER OF THESE DATES IN ORDER TO AVOID PENALTY
A 31ST OCTOBER 2021 FOR PAPER RETURN
B 31ST JANUARY 2022 FOR ONLINE/ELECTRONIC RETURN
C THREE MONTHS AFTER THE ISSUE OF NOTICE TO SUBMIT TAX RETURN BY HMRC
2
HMRC CAN CARRY OUT THE COMPLIANCE CHECK WITHIN 12 MONTHS THE RETURNS ARE FILED
IN RICHARDS CASE THEY CAN CARRY OUT THE CHECK UP UNTIL 31ST JANUARY 2023

HMRC HAVE THE RIGHT TO CARRY OUT THE COMPLIANCE CHECK INORDER TO VALIDATE THE ACCURACY AND COM
CARRY OUT THE CHECK ON A COMPLETELY RANDOM BASIS
IT IS USUALLY CARRIED OUT IN THE SUSPICISON THAT AN INCOME HAS BEEN UNDECLARED OR A WRONG DEDUCTI
 AIA MAIN POOL PPA ALLOWANCE
CARS NOT QUALIFYINH FOR AIA OR FYA
MOTOR CAR 1 14000
MOTOR CAR 2 16800
16800 14000
WDA @ 18% -3024 -2520 3024
13776 11480 2520*30%
TOTAL ALLOWANCE 3780

ETURN BY HMRC
ATE THE ACCURACY AND COMPLETENESS OF THE TAX RETURN THEY CAN HOWEVER

LARED OR A WRONG DEDUCTION HAS BEEN MADE

DANH
(A)

DURING BOTH THE TAX YEAR 18/19 AND 19/20 DANH HAS 4 CLOSE TIES . DETAILS ARE AS FOLLOWS;

18/19
DANH HAS ONLY TWO TIES WITH UK ;
ACCOMODATION
OCCUPIED HIS ACCOMODATION DURING TAX YEAR
WORK
HAD SUBSTANTIVE WORK IN UK
HE IS NOT A UK RESIDENT DURING TAX YEAR 18/19

THEREFORE DANH IS A UK RESIDENT IN BOTH OF THE TAX YEARS.

(B)

TAX ADJUSTED TRADING PROFIT 73176

NET PROFIT 70200

ADD DEPRECIATION 2300
ADD MOTOR EXPENSES 1100
(3300*4000/12000) CAR 110GM/KM
ADD PROFESSIONAL FEES 1460
ACCOUNTANCY 0
GRANT OF LEASE 1460 WDA@18%*(8/12)
LESS RUNNING COST OF OFFICE -700 TWDV C/F
(4200*1/6) TOTAL ALLOWANCE
ADJUSTED PROFIT BEFORE CAPITAL ALLOWANCE 74360
LESS CAPITAL ALLOWANCE (W) -1184
TAX ADJUSTED TRADING PROFIT 73176

QUALIFYING LOAN INTEREST RELIEF 875

TRADING LOSS 1470

6 SEPTEMBER 2020 - 5 APRIL 2021

PARTNERSHIP LOSS 12600*7/12

7350
 DANH SHARE OF LOSS 1470
(7350*20%)

TRADING LOSS 1470

PROPERTY INCOME 11670

RENTAL INCOME 13150

LESS ALLOWABLE DEDUCTION -1480 20% OF FINANCE COST I.E. 1000 TO BE D
FINANCE COST 0
OTHER EXPENSE 1480
11670

INCOME TAX PROFORMA

TAX ADJUSTED TRADING INCOME 73176

PROPERTY INCOME 11670
TOTAL INCOME 84846
LESS QUALIFYING LOAN INTEREST RELIEF -875
LESS TRADING LOSS -1470
NET INCOME 82501
LESS PERSONAL ALLOWANCE -12500
TAXABLE INCOME 70001

NON SAVING
BRB 37500*20% 7500
HRB 32501*40% 13000.4
INCOME TAX 20500.4
LESS INTEREST RELIEF -1000
(5000*20%)
19500.4
WORKING

AIA PPA ALLOWANCE

14800

14800
1776 1776*(8000/12000)
13024
1184
NANCE COST I.E. 1000 TO BE DEDUCTED FROM FINAL INCOME TAX LIABILITY
 NORMA

(A) TRADING PROFIT

1ST POA 1 MAY 2016 - 31 DEC 2016 21000
2ND POA 1ST JAN 2017-31 DEC 2017 27000
3RD POA 1ST JAN 2018 - 31 DEC 2018 16900
2ND LAST POA 1ST JAN 2019 - 31 DEC 2019 9835

TRADING INCOME ASSESMENT

16/17 17/18 18/19

1ST BASIS PERIOD OYR 2ND BASIS PERIOD OYR 4RTH BASIS PERIOD
1 MAY 2016-5 APRIL 2017 1 MAY 2016 - 31 APRIL 2017 1ST JAN 2018 - 31 DEC 2018
21000+27000*3/12 21000+27000*4/12 16900
27750 30000

3RD BASIS PERIOD CYB

1ST JAN 2017- 31 DEC 2017
27000

INCOME TAX COMPUTATION PROFORMA

16/17 17/18
TAX ADJUSTED TRADING INCOME 27750 57000
ADD INTEREST INCOME 3250 3250
TOTAL INCOME 31000 60250

NET INCOME 31000 60250

LESS PERSONAL ALLOWANCE -12500 -12500
TAXABLE INCOME 18500 47750

CAPITAL GAIN TAX

CAPITAL GAIN TAX WILL ONLY ARISE ON THE TAX YEAR OF DISPOSAL I.E. TAX YEAR 19/20

TAXABLE GAIN 38000

BRB SPACE 37500-585 36915

BRB 36915*18% 6644.7

HRB 1085*28% 303.8
6948.5

CAPITAL GAIN TAX LIABILITY 6949

(B)
The loss arising in the tax year 2020/21 can be set against total income in the same and/or previous tax year, in eith
1 Setting the loss against total income of the tax year 2020/21 first (i.e. employment income and bank interest) woul
The remaining loss of £5,000 (£17,750 – £12,750) could be offset against total income of the tax year 2019/20, was

2 Setting the loss against total income of the tax year 2019/20 first would reduce total income to £0, would waste the
The remaining loss of £4,665 (£17,750 – £13,085) could be offset against total income of the tax year 2020/21, whi

(2) Relief against chargeable gains 

  Alternatively, once a claim has been made to offset trading losses against total income in the tax year 2019/20,cha
 19/20
4RTH BASIS PERIOD CYB 5TH BASIS PERIOD CYB
1ST JAN 2018 - 31 DEC 2018 1ST JAN 2019 - 31 DEC 2019
9835

UTATION PROFORMA

18/19 19/20
16900 9835
3250 3250
20150 13085

20150 13085
-12500 -12500
7650 585
nd/or previous tax year, in either order.   
come and bank interest) would reduce total income to £0, would waste the personal allowance and save no tax .
e of the tax year 2019/20, wasting part of the personal allowance and saving no tax .

ncome to £0, would waste the personal allowance and save no tax.   
e of the tax year 2020/21, which would waste part of The personal allowance and save no tax

me in the tax year 2019/20,chargeable gains in the same tax year. Accordingly, the £4,665 loss remaining after the offset against total inco
er the offset against total income in the tax year 2019/20 could be set against the chargeable gain arising in June 2018, which will save tax
une 2018, which will save tax at 10% on some of the gain and 20% on the remaining
PETER QUINTON & ROGER

(A) EACH PARTNER IS TREATED AS A SOLE TRADER

THE TRADING INCOME OF THE PARTNER JOINING THE PARTNERSHIP WILL BE ASSESED ON OPENING YEAR RULE
WITH THE TRADING PROFIT BEING APPORTIONED ACCORDING TO HIS/HER PERIOD OF ACCOUNT

(B)
SHARE OF PROFIT
PETER QUINTON ROGER
1 JAN 2018 - 31 DEC 2018 40000/2 40000/2 0
20000 20000

1 JAN 2019 - 31 DEC 2019 90000/3 90000/3 90000/3

30000 30000 30000
1 JAN 2020 - 31 DEC 2020 (30000)/3 (30000)/3 (30000)/3
-10000 -10000 -10000

TRADING INCOME ASSESMENT

PETER QUINTON

17/18 20000 17/18 20000

CURRENT YEAR BASIS CURRENT YEAR BASIS

18/19 30000 18/19 30000

CURRENT YEAR BASIS CURRENT YEAR BASIS

19/20 0 19/20 0
D ON OPENING YEAR RULE
F ACCOUNT

ROGER

17/18
1ST JAN 2019-5 APRIL 2019
OPENING YEAR RULE
AE BEE CAE AND DEE

PARTNERSHIP SHARE OF PROFIT

AE BEE CAE
1ST JULY 2018 - 30 JUNE 2019 27000 27000 0
1ST JULY 2019 - 30 JUNE 2020 33000 33000 0
1ST JULY 2020 - 30 JUNE 2021 29000 29000 29000

TRADING INCOME ASSESMENT

AE
18/19 19/20 20/21
OPENING YEAR RULE OPENING YEAR RULE CURRENT YEAR BASIS
1ST JULY 2018 -5 APRIL 2019 1ST JULY 2018 - 30 JUNE 2019 33000
27000*9/12 27000
20250

BEE
18/19 19/20 20/21
OPENING YEAR RULE OPENING YEAR RULE CURRENT YEAR BASIS
1ST JULY 2018 -5 APRIL 2019 1ST JULY 2018 - 30 JUNE 2019 33000
27000*9/12 27000
20250

CAE
18/19 19/20 20/21
0 0 OPENING YEAR RULE
1ST JULY 2020 - 5 APRIL 2021
29000*9/12
21750

(B)

1 THE LOSS IN THE YEAR ENDED 5 APRIL 2021 WILL FIRST BE RELIEVED AGAINST TOTAL INCOME OF TAX YEAR 19/20
THE REMAINING LOSS (165000-50000) OF 115000WILL THEN BE RELIEVED AGAINST TOTAL INCOME OF TAX YEAR 2
AGAINST FUTURE TRADING INCOME
2
EAE CAN CLAIM FOR THE THE LOSSES INCURRED IN THE YEAR ENDED 5 APRIL 2022
AGAINST THE TOTAL INCOME OF TAX YEAR 21/22
SPECIAL OPENING YEAR LOSS RELIEF
LOSSES OCCURING IN FIRST FOUR YEARS OF TRADE CAN BE RELEIVED AGAINST PREVIOUS
TAX YEARS ON FIFO BASIS
 21/22
YEAR BASIS CURRENT YEAR BASIS
29000

21/22
YEAR BASIS CURRENT YEAR BASIS
29000

2020 - 5 APRIL 2021

INCOME OF TAX YEAR 19/20

TOTAL INCOME OF TAX YEAR 20/21. THIS WILL RESULT IN REMAINING LOSS OF (115000-50000) 65000 WHICH WILL BE CARRIED FORWAR

INST PREVIOUS
CH WILL BE CARRIED FORWARD
AUY MAN & BIM MEN

(A)

AUY PASS UK RESIDENT TEST AS HE IS IN UK FOR MORE THAN 183 DAYS AND HAS BEEN A UK RESIDENT DURING
TAX YEAR 19/20.

(B)

NET PROFIT 87780 WORKING

ADD DEPRECIATION 3400
ADD ENTERTAINMENT OF EMPLOYEES 0
ADD SALARY PAID TO BIM 4000 TWDV B/F
ADJUSTED PROFIT BEFORE CAPITAL ALLOWANCE 95180 MOTOR CAR-2
LESS CAPITAL ALLOWANCE -12938
TAX ADJUSTED TRADING PROFIT 82242 MOTOR CAR-3
MOTOR CAR-4
LAST DAY VALUE
WDA@18%/6%
TWDV C/F

TOTAL ALLOWANCE

TRADING INCOME ASESSMENT

6 APRIL 2020 - 5 APRIL 2021 82242

AUY BIM TOTAL

SALARY 4000 4000

INTEREST ON CAPITAL 56000*5% 34000*5%

2800 1700 4500
SHARE OF PROFIT 73742*80% 73742*20%
58993.6 14748.4 73742
61793.6 20448.4 82242

AUY 61794
BIM 20448

(C)
AUY BIM
CLASS 4 NIC (W) 3881 985
 TATP 61794 20448

WORKING

AUY BIM
(0-9500) 0% 0 (0-9500) 0% 0
(9500-5000) 9% 3645 (9500-20448) 9% 985.32
(50000-61794) 2% 235.88
3880.88 985.32
NT DURING

FYA AIA SPECIAL RATE POOL MAIN POOL PPA-1 PPA-2 ALLOWANCE
3100 21000
10150 0
-10150 10150*80%
14200
11600
11600 17300 21000 0
-696 -3114 -1260 696
10904 20414 19740 3114
1260*80%
L ALLOWANCE 12938
DANIEL FRANCINE & GREGOR

(A)
DANIEL

1ST POA 1 MAY 2020 - 31 OCT 2020 12000

96000*(6/12)/4
2ND POA 1 NOV 2020 - 31 OCT 2021 45000
180000/4

TRADING INCOME ASSESMENT 20/21

OPENING YEAR RULE

1ST BASIS PERIOD
1 MAY 2020-5 APRIL 2021
16000+(45000*5/12)
30750

(B)
INTEREST PAID @ 1.5% 1065
6 APRIL 2020-5 APRIL 2021
LOAN AMOUNT OUTSTANDING INTEREST PAID
1 AUG 2020-30 SEP 2020 96000 96000*1.5%*2/12
240
1 OCT 2020-5 APRIL 2021 96000+14000 110000*1.5%*6/12
110000 825
1065
AVERAGE METHOD

AVERAGE LOAN 103000

(96000+110000)/2

INTEREST PAYABLE @ 2.25% 1545

(103000*2.25%*8/12)

BENEFICIAL LOAN INTEREST BENEFIT 480

(1545-945)

(C)

19/20 20/21
TRADING INCOME 14700 0
PROPERTY INCOME 4600 0
INTEREST INCOME 1300 900
TOTAL INCOME 20600 900
LOSS MEMORENDUM

TOTAL TRADING LOSS 20/21 -68800 WORKING

AGAINST TOTAL INCOME 19/20 20600 LOWER OFF
AGAINST TOTAL INCOME 20/21 900 REMAINING TRADING LOSS
AGAINST CHARGEABLE GAIN (W) 14500 (68800-20600-900)
REMAINING LOSS C/F 21/22 -32800 CHARGEABLE GAIN-CAPITAL LOSS B/F
(17400-2900)
 47300

CAPITAL LOSS B/F 14500

JOHN BEACH

(A)

EMPLOYMENT INCOME
SALARY 234000
LESS PENSION CONTRIBUTION IN OCCUPATIONAL PENSION PLAN -28000
EMPLOYER 0
EMPLOYEE 28000
ADD MILEAGE ALLOWANCE (W-1) 1425
ADD BENEFICIAL LOAN INTEREST BENEFIT (W-2)
 WORKING-1

BUSINESS MILES 4780

(4270+510)
REIMBURSED BY EMPLOYER 3576
(5960*.60)
LESS APPROVED MILEAGE ALLOWANCE -2151
(4780*.45)
MILEAGE ALLOWANCE 1425

WORKING-2
OUTSTANDING LOAN AMOUNT
6 APRIL 2020 - 31 JULY 2020 84000
1 AUG 2020 - 31 DEC 2020 72000
1 JAN 2020 - 5 APRIL 2021 60000