- This topic has 1 reply, 2 voices, and was last updated 5 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Employment income – bonus
Hi Sir/Madam,
In terms of employment income, I understand the earnings are taxed on the receipts basis, but how about the bonus?
In BPP practice book, 105 Jeo (B) (12/10) (amended) in the question part, it says
“Joe was paid a bonus of £12,000 on 12 May 2017 and he had became entitled to his bonus on 22 March 2017”
The answer indicates the bonus will have been treated as being received during 2016/17, not 2017/18 when it was paid as Joe became entitled to it during the tax year 2016/17.
Does it mean that bonuses from employment income are always taxed when it was entitled to the employee?
Thanks,
Joyce
Look at the OT notes – chapter 9, page 59, section 3.1