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Earnings in an employment

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Earnings in an employment

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by AvatarTax Tutor.
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  • July 28, 2020 at 2:50 pm #578493
    AvatarHolmes1308
    Member
    • Topics: 34
    • Replies: 16
    • ☆☆

    Dear Tax Tutor,

    Sir as far employees and directors are concerned their earnings are taxed in the tax year in which they are received(even if earnings are of last period), regardless of the date of the receipt.So why is the date of receipt considered important?

    thanks in advance.

    August 8, 2020 at 2:40 pm #579642
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3960
    • ☆☆☆☆☆

    Employment income is assessed when received but again look in your notes to see the definition of “received” for this purpose!

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