PTC - Computer rule!
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Can anyone help me with the benefit in kind rule for computers? I know it has changed from 2006/07, but i can't for the life of me remeber of find what this rule is!
I failed PTC in June and I'm hoping not to do the same again in December!
I failed PTC in June and I'm hoping not to do the same again in December!
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Re:PTC - Computer rule!
Computers loaned by employer
Before 6 April 2006 there was an exemption for the first £500 of the cash equivalent of the benefit associated with a computer loaned by an employer to an employee. This exemption was abolished from 6 April 2006.
From 6 April 2006 a computer loaned to an employee is treated in the same way as any other asset – see NIM13140.
However, if the computer is provided solely for business use and any private use is not significant, the computer continues to be exempt from a benefit charge – see EIM21613. This exemption has been in place since 2000 and is unaffected by the abolition of the computer exemption.
It follows from this that any grant of the computer to the employee will follow the same general rules.
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