Content: Employment income, Partnership losses, Interest on gilts, Payrolling of benefits, Interest, and penalties on late payment.

Description: This Question comprises of Three parts:

The first part requires the calculation of taxable income. It includes employment income, partnership losses discussion, and interest on gilts 

Employment includes a discussion of salary, car benefits, and mobile phone 

The partnership consists of 3 partners for part of the year and then one partner resigns 

The second part asks the discussion of payrolling the benefits and tax forms needed

The third part requires the calculation of interest and penalties for late payment of tax