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BU8401 - Taxation

BU8401 - Taxation

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When can the 0% savings starting rate apply?

To all savings income received by a basic-rate taxpayer.

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Only when taxable income exceeds £37,700.

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To savings income falling within the first £5,000 of taxable income, subject to the conditions.

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To the first £5,000 of non-savings income.

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For 2025/26, Daniel has employment income of £82,000. What is Daniel's income tax liability?

For 2025/26, Hannah has employment income of £44,000, bank interest of £4,000 and PAYE deducted of £6,500. What is Hannah's income tax payable?

Which statement about the savings income nil rate band is correct?

It applies only to non-savings income.

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It is £1,000 for basic-rate taxpayers, £500 for higher-rate taxpayers and nil for additional-rate taxpayers.

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It is £1,000 for all taxpayers.

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It is £500 for basic-rate taxpayers and £1,000 for higher-rate taxpayers.

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Which set of rates applies to non-savings income for 2025/26?

8.75%, 33.75% and 39.35%

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For 2025/26, Michael has employment income of £140,000 and no other income. What is his income tax liability?

For 2025/26, Amelia has employment income of £55,000 and bank interest of £7,000. What is Amelia's income tax liability?

Sara was previously resident in the UK but was non-resident in each of the three tax years immediately preceding 2025/26. For the tax year 2025/26, he has three ties with the UK. What is the maximum number of days that Sara could spend in the UK during the tax year 2025/26 without being treated as UK resident for that year?

90 days

182 days

45 days

120 days

An individual's adjusted net income is £125,140 for 2025/26. What personal allowance is available?

£6,285

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