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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 5 years ago by Tax Tutor.
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  • July 3, 2020 at 9:07 am #575796
    AverageAndy
    Member
    • Topics: 128
    • Replies: 34
    • ☆☆

    sir as an employee what is better for me, something should be tax deductible or exempt?

    July 5, 2020 at 11:19 am #576047
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    2 different things – a tax deductible expense is simply allowing a deduction against employment income for an expense incurred personally by the employee.
    An exempt benefit is something provided by the employer to the employee but which is not then treated as taxable income.

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