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Exempt Benefits

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Exempt Benefits

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • October 28, 2019 at 11:02 am #551073
    johnmn1234
    Member
    • Topics: 17
    • Replies: 4
    • ☆

    Dear Sir,
    Exempt Benefits are not recorded in the tax computation.They are neither deducted nor added to income. In the exams, we just have to put a note that this benefit is exempt.
    Is this how we deal with exempt benefits?

    Thanks

    November 1, 2019 at 10:34 am #551356
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    If dealing with a Section C question where written answers are required then yes a statement should be made that a particular benefit is exempt rather than just ignoring it!

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