- This topic has 1 reply, 2 voices, and was last updated 6 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
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=£1503. Please clarify.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.