Employment Benefits

dicko182dicko182 DevonRegistered Posts: 7
edited September 13 in Personal Tax
I am struggling with a question on employment benefits and wondered if some could shed some light on the answers.

If a car has CO2 emissions of 142g/km and a list price of £36500 the car benefit is £9125 and fuel benefit of £5550 - correct?
petrol provided for x amount of business miles and x amount of private miles is irrelevant as they would still be charge the £5550 as above?

use of company owned gym at a cost of £50 a month? Not a taxable benefit?
Company computer worth £500 so they can work from home? Not a taxable benefit
winning a case of beer worth £200 - not a taxable benefit?

total benefits just £14675 at 20% or 40% if salary makes them a higher tax payer?

any help on the above would be much appreciated..
Tony Dickinson MAAT

Comments

  • MarieNoelleMarieNoelle Trusted Regular Hampshire/Surrey borderModerator, MAAT, AAT Licensed Accountant Posts: 1,356
    Hi @dicko182
    Would you confirm for which tax year you are calculating the benefits?
    Thanks
  • dicko182dicko182 DevonRegistered Posts: 7
    hi. yes sorry its for 2016/2017
    Tony Dickinson MAAT
  • MarieNoelleMarieNoelle Trusted Regular Hampshire/Surrey borderModerator, MAAT, AAT Licensed Accountant Posts: 1,356
    dicko182 said:

    I am struggling with a question on employment benefits and wondered if some could shed some light on the answers.

    If a car has CO2 emissions of 142g/km and a list price of £36500 the car benefit is £9125 and fuel benefit of £5550 - correct?
    petrol provided for x amount of business miles and x amount of private miles is irrelevant as they would still be charge the £5550 as above? Correct

    use of company owned gym at a cost of £50 a month? Not a taxable benefit? Agree
    Company computer worth £500 so they can work from home? Not a taxable benefit Assuming no significant private use
    winning a case of beer worth £200 - not a taxable benefit? assumed not received by reason of employment

    total benefits just £14675 at 20% or 40% if salary makes them a higher tax payer?

    any help on the above would be much appreciated..

  • dicko182dicko182 DevonRegistered Posts: 7
    thank you :-)
    Tony Dickinson MAAT
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