Now we finally get to calculate the gross and net tax payable. You will be taken step by step through the calculation on how to do the calculation.
Below the video, you will find downloads for the latest Tax Pocket Guide for the 2019/20 tax year as well as the Income Tax Calculation Sheet from “Premiums and Problems 2018, Edition 117” published by Old Mutual and who gave us permission to include the template in our course.
Please watch the entire video. Once you finish the video and you are happy to proceed, click on “Mark Complete” below. You can also indicate the lesson as “Incomplete” if you would like to return at a later stage to review again.
Download: Tax Pocket Guide 2018/19
Download: Income Tax Calculation Sheet