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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 8 years ago by Tax Tutor.
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  • May 23, 2017 at 3:40 am #387534
    aaradhya33
    Member
    • Topics: 16
    • Replies: 33
    • ☆

    I am confused about when to assess the employment earnings.Which earnings are assessed on actual recieved basis and which on accruals basis?

    Also it is told that date of reciept is earlier of actual payment or being entitled to such payements.But isn’t being entitled to payment an accruals basis?
    Please help me understand this.Thankyou.

    May 23, 2017 at 3:00 pm #387618
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Employment income is assessed on a received basis not an accruals basis and the date you become entitled to the payment is not the same as the period for which it was earned – again it is not the accruals system.

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