Personal Tax Computation

Client: UTR: Tax Year:

APD Accounting Services Andrew Devitt ACMA CGMA MAAT MIP
info@apdaccounting.co.uk
07745 792 663
apdaccounting.co.uk

Client Name

UTR

Tax Year

Prepared By

Income Sources — toggle to include

Employment Income

Gross salary / wages Per P60

Benefits in kind Per P11D / employer declaration

Allowable deductions Professional fees, mileage, WFH allowance

Net employment income—

Tax deducted at source Per P60 — enters tax credit calculation

Self-Employment

Turnover / gross receipts

Allowable expenses Must be wholly & exclusively for trade

Capital allowances AIA, WDA, FYA

Net profit before losses—

Trading losses brought forward

Adjusted trading profit—

NICs: Class 4 — — | Class 2 — — (auto-calculated from profit above)

UK Property Income

Gross rental income

Allowable expenses Repairs, agents fees, insurance (NOT finance costs)

Net rental profit (before finance costs)—

Finance costs (mortgage interest) Section 24 — restricted to 20% tax reducer

Property losses brought forward

Adjusted property profit—

Section 24 restriction: Finance costs of — will be applied as a 20% basic rate tax reducer (not deducted from income).

Dividend Income

Total dividends received UK and overseas, gross amount

Dividend allowance applied automatically in tax calculation. 2024/25: £500 | 2023/24: £1,000 | 2022/23: £2,000

Savings & Interest Income

Bank / building society interest Gross interest received

Personal Savings Allowance and starting rate for savings applied automatically. PSA: £1,000 (basic rate) / £500 (higher rate) / £nil (additional rate).

Pension Income

State pension Annual amount — check HMRC record

Occupational / private pension Gross, per P60

Pension drawdown / UFPLS Gross taxable element only

Total pension income—

Other Income

Other taxable income Trust income, foreign income, casual income

Total Income & Reliefs

Total gross income—

Reliefs & Deductions — check all that apply

Personal Allowance Applied automatically — tapers above £100,000 income —

Gift Aid donations Enter net amount paid — grossed up at 25% automatically

Net Gift Aid paid

Personal pension contributions Net contributions — relief at source / SIPP. Do not include employer contributions.

Net pension contributions

Marriage Allowance transferred Transferring 10% of PA to spouse / civil partner (£1,260 in 2024/25)

Amount transferred

Marriage Allowance received Receiving transfer from spouse — creates 20% tax credit

Amount received

Enterprise / EIS / SEIS relief Tax reducer for qualifying investments

Relief amount

Net income (after reliefs)—

Less: Personal allowance—

Taxable income—

Tax Calculation

IncomeAmountRateTax

Non-Savings Income

Basic rate—20%—

Higher rate—40%—

Additional rate—45%—

Savings Income

Starting rate for savings (0%)—0%—

Personal Savings Allowance (0%)—0%—

Basic rate—20%—

Higher rate—40%—

Dividend Income

Dividend allowance (0%)—0%—

Basic rate—8.75%—

Higher rate—33.75%—

Additional rate—39.35%—

Tax before credits—

Less: Section 24 finance credit20%—

Less: Marriage allowance credit20%—

Total Income Tax—

Class 4 & 2 NICs (self-employment)—

Total Tax & NICs Liability—

Payments & Amounts Due

Tax deducted at source PAYE, CIS, bank interest (20%)

Tax after deductions at source—

Less: Payments on account made Both instalments combined

Balancing payment (31 Jan)—

Payments on account — each instalment Due 31 Jan & 31 Jul (if total tax > £1,000)—

Total due 31 January (balancing + 1st POA)—

HMRC Reconciliation

Our computed tax—

HMRC tax calculation

Difference—

Notes & Queries

Important Notice: This computation has been prepared by APD Accounting Services on the basis of information and documentation provided by the client. It is a draft document prepared for client review and agreement prior to submission to HMRC. APD Accounting Services accepts no liability for any inaccuracies arising from incomplete or incorrect information supplied. This document does not constitute formal tax advice. All figures should be verified against source documents before submission.