Member Since: 15th Oct 2004
14th Jun 2017
IRIS does the calculation differently.
As a Scottish taxpayer, allocate 31,500 BR to salary giving 31,[email protected] 20% plus 500 @40% giving £6500 of tax due.
UK BR band suprlus of 2000 is then allocate to savings as 500 @0% (SR) and £1500 @ 20% BR giving £300 of tax due.
Total liability under SRIT is £6800.
22nd Nov 2016
Did you get an answer to this? We have the same issue and cannot see clearly if it is deductible for corporation tax.