Problem
Ivan (who is not a Scottish taxpayer) has the following income for tax year 2022-23: £ 17,055 1,360 50 15,560 Part-time salary Net interest on gilt-edged securities Premium bond prize Dividends His personal allowance for 2022-23 is £12,570. Compute the income tax payable by Ivan for the year. How would this differ for a Scottish taxpayer?
Mary's income for tax year 2022-23 consists of business profits of £26,930, dividends received of £124,460 and rents received of £3,750. She is not a Scottish taxpayer and her personal allowance for the year is £nil. Calculate Mary's income tax liability for 2022-23, assuming that the rents received are not within the "rent-a-room" scheme.