- This topic has 1 reply, 2 voices, and was last updated 6 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
How was your exam? Comments & Instant poll >>
OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Employment income
Hello tutor 🙂
I was reading accountancy’s tax note and had a little confusion in calculating employment income. It says follow the earlier tax year between when person entitled to and when the payment is actually made.
In bpp revision kit, however, I have read the description that “reciept basis applies to employment income”.
Which one is correct?
Both are correct – have you studied the OT notes and lectures? – see OT notes Chapter 9, Section 3.1, page 54 where the receipts basis is actually defined for this purpose