Compute Mark’s income tax liability for 2019/20.Assume the official rate of interest for 2019/20 is 2.5%.
Question 1: Mark is employed by ABC Ltd, a small family company, in which he holds 20,000 £1 ordinary shares; the remaining 80% are held by the other senior employees. The company accounts show the following information: Year to 30 November 2019 2020 £ £ Salary to Mark (paid at the end of each month) […]