P6 Question Employee Benefits

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This topic contains 2 replies, has 3 voices, and was last updated by avatar amjad 1 year, 5 months ago. This post has been viewed 109 times

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  • Avatar of jaysuey51
    jaysuey51
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    • Topics: 8
    • Replies: 46

    Hi All,

    I’m stuck on a questions and just want someone to check my logic.

    Dave has a car in the tax year 11/12 for which I’ve worked out his employee benefit of 22% for but also on the 31/03/12 the company gave him the car with a market value of $5000.

    Am I correct in thinking he should be charged for both the benefit he’s had from having the car & him receiving his car in his income tax computation?

    James


    Avatar of patama
    patama
    Participant
    • Topics: 1
    • Replies: 4

    Hi Jay,
    this is similar to the Moack exam question, I have inculded the car benefit in the Income tax calculation and also using the £5,000 as a gift which is also taxable.


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    amjad
    Participant
    • Topics: 4
    • Replies: 45

    yas both bedefits charged for employee benefits and employer pay class 3A NIC if you send me question i will solve it for you on my id (mr_amjad25@yahoo.com) any way Good Luck.

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