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Bill
Total income: £54,000 + £9,000 = £63,000
Grossed up gift-aid:  £900 x 100/80 = £1,125 The local club will receive £1,125 in total.
Tax income: £63,000 - £12,500(PA) = £50,500
Tax liable: (£37,500 + £1,125) x 20% = £7,725
£11,875 x 40% = £4,750
£7,725 + £4,750 = £12,475

Hazel
£220,500 > £125,000 therefore, no PA deductible
grossed up gift-aid: £5000 x 100/80 = £6,250
The local charity will receive £6,250 in total.
(£37,500 + £6,250) x 20% = £8,750
£106,250 x 40% = £42,500
£81,250 x 45% = £36,562.50        £8,750 + £42,500 + £36,562.50 =£87,812.50

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Bill and Hazel Tax Computation for the year 2019/2020

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Bill and Hazel Tax Computation for the year 2019/2020

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Bill and Hazel Tax Calculation for Tax year 2019/2020

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Bill and Hazel Tax Calculation for Tax year 2019/2020

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Bill income = (£54,000 + £9000 -12,500)= 50,500
Gift aid = 900*100/80= 1,125
Taxable amount at basic rate (@20%) -(37,500 + 1,125) * 0.2=  7,725
Taxable amount at upper rate-(50,500-38,625) * 0.4= 4,750
total taxable amount= 12,475

Hazel income: £220,500
No PA
Gift aid = 5000*100/80= 6,250
Taxable amount at basic rate (@20%)- (37,500+6,250)*0.2= 8,750
taxable amount at higher rate (40%)-
150,000- 43,750)*0.4= 42,500
taxable amount at additional rate (45%)- 220,500- 150,000 *0.45= 31,725
Total taxable amount= 82,975

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Bill:

Taxable Income: (54,000+9,000) - 12,500 = 50,500

Gift Aid: 900*1.25 = 1,125 (225 from HMRC)

(37,500+1,125)*0.2 = 7,725

(50,500-38,625)*0.4 = 4,750

Tax to pay: 12,475

Hazel:

Taxable Income: 220,500

Gift Aid: 5,000*1.25 = 6,250 (1,250 from HMRC)

(37,500+6,250)*0.2 = 8,750

(150,000-43,750)*0.4 = 42,500

(220,500-150,000)*0.45 = 31,725

Tax to pay: 82,975

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Bill

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Bill and Hazel Income tax with gift aid _ attempt 2

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Bill;

Income; 54,000 + 9,000= 63,000
Gift aid; 900

Taxable income; 63,000-12,500= 50,500
Gift Aid calculation; 900 * 1.25= 1,125

Income tax calculation;
Basic Rate; (37,500 + 1,125) * 0.2= 7,725
High rate; 11,875 * 0.4= 4,750

Total Tax paid; 12,475

Hazel;

Income; 220,500
Gift aid; 5,000

Taxable income; 220,500
Gift Aid calculation; 5,000 * 1.25= 6,250

Income tax calculation;
Basic Rate; (37,500 + 6,250) * 0.2= 8,750
High rate; 112,500 * 0.4= 45,000
Additional rate; 64,250 * 0.45= 28,912.5

Total Tax paid; 82,662.5

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Hazel