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Gifts by clients

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Gifts by clients

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • November 25, 2018 at 3:48 pm #485943
    alikhakar
    Participant
    • Topics: 186
    • Replies: 79
    • ☆☆☆

    In BPP kit que 50, there’s a gratuity of 500 gifted from a client to an employee is considered as taxable benefit
    according to BPP answer
    But in kaplan Studytext, gifts from client are exempted employment income.
    What is correct ?

    November 28, 2018 at 3:28 pm #486287
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Gifts received, by reason of employment from a client, will be exempt
    provided the cost from any one source does not exceed £250 in a tax year

  • Author
    Posts
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