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Tax benefit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Tax benefit

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by AvatarTax Tutor.
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  • January 12, 2016 at 1:23 am #294154
    AvatarChukwuemeka
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    • Topics: 2
    • Replies: 2
    • ☆

    What is the difference between a tax benefit and exempt benefits?

    January 13, 2016 at 5:11 pm #294404
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3960
    • ☆☆☆☆☆

    The answer is in the question! Exempt benefits are not taxable on the employee whereas taxable benefits clearly are taxable and you then have to learn the basis by which each such taxable benefit is taxed, be that the provision of a car, the use of a property or any other such benefit provided by the employer.
    See OT course notes chapter 9 and associated lectures

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