Discuss the tax implications of the following terms: (a) Basic Rate Taxpayer, Higher Rate Taxpayer & Additional Rate Taxpayer LE(b) Balancing charge & Balancing allowance LE(c) Automatic overseas...

Discuss the tax implications of the following terms: (a) Basic Rate Taxpayer, Higher Rate Taxpayer & Additional Rate Taxpayer LE (b) Balancing charge & Balancing allowance LE (c) Automatic overseas tests [ (d) Automatic UK tests (e) Sufficient UK ties tests