Inclme Tax Flashcards
1
Q
How do you extend the brb during a gift aid
A
BRB gets extended by gift aid x 100/80
2
Q
Does marriage allowance affect the PA?
A
No the marriage allowance is claimed as a tax reducer
3
Q
Dividend and savings tax bands depend on the culmination of the tax before it
A
4
Q
Savings starting rate is depleted by the non saving income
A
No income means £5000 free, an NSI of £5000 means no £5000 free
5
Q
Is marriage allowance always available?
A
No, not if you are within the higher tax band
6
Q
Example of a indirect tax?
A
VAT
7
Q
Def: statutory instruments
A
Form a legislation which allow the provision of an act of parliament to be brought into force or altered
8
Q
Can case law be superseded by further legislation?
A
Yes
