personal tax

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:10AM in AAT student discussion
i need help with this question<BR><BR>you receive the following benfit from your employer:<BR><BR>the use of keep fit equipment owned by the company, (valued at £1700 when you first acquired it on 1st March 05)<BR><BR><BR>Tax year 2004-2005<BR><BR>please help

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    personal tax

    Hi there <BR>My answer is 1700*20%*1/12=28.33,so the assessable benefit is £28.33<BR>Is it right?<BR>chaoliss<BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    personal tax

    I would do the same - Benefit of £1700 x 20% = £340<BR> Then £340 /12 months =£28.33 benefit for the year as only one month to allocate for.

Categories

Privacy Policy