Personal Tax

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi there<BR>Would some body be able to explain schedule E for me?<BR>Thanks

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Personal Tax

    Payable by employees on all income and benefits derived from employment. Very few deductions are allowed, they must be wholly, necessarily and exclusively for the purpose of the employment.<BR><BR>There are 3 cases of Sch.E, Case 2 & 3 are outside your syllabus. Case 1 is what you are subject to as an employee.<BR><BR>What else do you want to know?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Personal Tax

    hi<BR><BR>Thanks for that, I work in a payroll department and have been asked to provide all schedule E earnings for one of our employees and wasnt sure exactly what that meant. <BR>so would i basically give all gross employment income? Are benefits in kind included in this?<BR><BR>Thanks again for your help.<BR><BR>Toni

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