- add Total allowable expenses (room rentals, travelling expenses, food, rent and

bills etc)

C:\Users\somig>python
Python 3.11.5 (tags/v3.11.5:cce6ba9, Aug 24 2023, 14:38:34) [MSC v.1936 64 bit
(AMD64)] on win32
Type "help", "copyright", "credits" or "license" for more information.
>>> 808.35*12
9700.2
>>> total_rent = 808.35*12
>>> avg_wk_hours = 15
>>> total_hours = avg_wk_hours * 52
>>> work_rate = total_hours / 8760
>>> work_rate
0.08904109589041095
>>> work_rate * total_rent
863.7164383561644
>>> cuckoo4 = 140.95
>>> work_rate * ( total_rent + cuckoo4)
876.2667808219179
>>> work_rate * cuckoo4
12.550342465753422
>>> schott_music = 161
>>> work_rate * ( total_rent + cuckoo4) + schott_music
1037.266780821918
>>> strings_replacement = 8.5

- add Capital allowances (computer, guitar, equipment etc)

>>> monitor = 199.99
>>> monitor * .09 ## rate used
17.9991
>>> guitar_purchase_paulo = 120.51

- add vanguard investments profit UNDECLARED ( not need to

declare personal investor ISA )
- add revolut stock dividends UNDECLARED ( should
declare dividends but receive below £500)

---------
--> Need to apply the amount already paid for tax year 2022-23 from last year to
decrease the total amount:

I owe 3676.20 for the current tax payment.

Since I already prepaid some of it I now only owe 1396.86 for the current tax year.
I will also need to add a prepayment for next tax year 1326.10.

>>> paid = 1139.67+1139.67

>>> tax_payable = 3676.20
>>> current_tax_due = tax_payable -paid
>>> current_tax_due
1396.8599999999997
>>> new_tax_prepayment1= 1326.10
>>> current_tax_due + new_tax_prepayment1
2722.9599999999996