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PTP TR - Extending the basic rate band

Article ID
kba-03698
Article Name
PTP TR - Extending the basic rate band
Created Date
2nd December 2019
Product
Problem
How does the extended basic rate band show in PTP Tax Platform?
Resolution

Within the tax calculation summary there is no specific statement detailing how much the basic rate band (BRB) has been extended by, but the allocation of income to tax bands will take account of it automatically.  The BRB is extended by amounts entered in box 1 on page TR4 for payments to registered pension schemes, and also by gift aid x 100/80 from boxes 5-7+8.  A larger amount of income will be taxed at the basic rate before tipping into the higher rate band.

Please note, within the Top Slicing Relief calculation, the BRB is extended by pension contributions but not by gift aid.

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