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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Employment Benefits – Healthclub membership
Is health club membership fee paid by employer a taxable benefit? I am referring to technical article which doesn’t clarify the tax impact for employee.
Example 4:
Emily had her health club membership fee of £710 paid for by Vary plc.
Answer says – ‘The benefit of the health club membership is the cost to Vary plc of £710.’
Yes it is an assessable benefit and as as the answer states the benefit to be assessed on the employee is the cost to the the employer
What do you mean by assessable benefit ?
iyamu – again this question tells me you have not yet studied the relevant chapters – please do so before asking any questions.