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Employment income

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Employment income

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by AvatarTax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 12, 2019 at 9:12 pm #527289
    Avatarlila88
    Participant
    • Topics: 3
    • Replies: 0
    • ☆

    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?

    August 15, 2019 at 11:32 am #527711
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3960
    • ☆☆☆☆☆

    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

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