Hello
-Through the tax year 2018-19, P Ltd provided Priti with 2 mobile telephone each. The telephones cost £250 when purchased by the company in Feb 2018.
What is the taxable benefit?
1.The answer is £50(250 x 20%)
2. I know that provision of 1 mobile phone is exempt and if apply this rule here, we should be getting 250/2=£150
3. Please clarify.
Ask the Tutor ACCA TX-UK
Employment Income
I must assume the question means that EACH mobile phone cost £250
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