Personal tax help !!
Cd83
Registered Posts: 32
Hey guys,
I have been ploughing through the practice assessments on the website in anticipation of my personal tax exam in 2 weeks.
This question is baffling me. Am I missing something here?
Question:
Car with a list price of 79,000 diesel and 201 CO2 emissions. Client pays £6,000 towards the original cost of car. Scale charge % is 37% which I got.
I also got the fuel charge of 8214 (22200 * 37%)
However when I calculate the taxable benefit on the car I get 27,010 ( 79,000 - 6,000 = 73,000 * 37% = 27,010
The AAT answer is 27,380
I am completely lost and cannot get to this answer!
Any help would be amazing.
Thanks
I have been ploughing through the practice assessments on the website in anticipation of my personal tax exam in 2 weeks.
This question is baffling me. Am I missing something here?
Question:
Car with a list price of 79,000 diesel and 201 CO2 emissions. Client pays £6,000 towards the original cost of car. Scale charge % is 37% which I got.
I also got the fuel charge of 8214 (22200 * 37%)
However when I calculate the taxable benefit on the car I get 27,010 ( 79,000 - 6,000 = 73,000 * 37% = 27,010
The AAT answer is 27,380
I am completely lost and cannot get to this answer!
Any help would be amazing.
Thanks
0
Comments
-
I've just figured it out.
The AAT answer is based on £5,000 contribution which is the maximum you can contribute.
Ignore me0
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