Renner 19 (question in notes)

Secondly, computer is not exempt. Is it reason of duality?

The canteen must be available to all staff to be an exempt benefit. A computer is unlikely to be exempt unless the staff member is specifically denied from using it privately.

"Renner took meals in the fully-subsidised executive canteen; the cost for the year being £735. Another fully subsidised canteen was available for the other staff." This tells that in executive canteen Renner goes and this is not open for all. We have other canteen for non-executives. It should be taxable right?

Right

"Renner took meals in the fully-subsidised executive canteen; the cost for the year being £735. Another fully subsidised canteen was available for the other staff." Now here, question says that we have two canteen. One for renner and other executives and other is for other staff. This should be taxable right because executive kitchen not open for all?

you keep asking the same question - why????

I am myself surprised to see. Sorry for inconvenience.

ok

Oh dear - read the question carefully.... in the year to Nov 22 he had 28,500 - paid pro rata each month - then he had a pay rise and his annual salary went up to 33,000 this all needs to be apportioned according to what he received in the tax year - April to April

Re Renner: The solution for the beneficial loan tax benefit is :Beneficial loan £20,000 × (2% – 1.75%) = $50 If the beneficial loan is given at 2% and the official rate of interest is 2.25%, how does 1.75% in the solution factor in?

I have checked the question and answer and can confirm it is an error brought forward from the previous manual prepared before. I have made a note on the file and will make sure it is correct for the next publication. Thank you for poiting this out to me

will do, thanks Jill!

no worries