URGENT: short benefit in kind tax question
Discussion on internships, jobs and graduate schemes for playing with numbers and cooking the books.
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URGENT: short benefit in kind tax question3)The company gives Arthur the right to use a boat which is moored on the Thames. The boat cost the company £15,000 when it bought it in 2008.
what is the tax benefits arising from the above? -
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Re: URGENT: short benefit in kind tax questionForget tax, my man Arthur just got a boat!(Original post by Larissa White)
3)The company gives Arthur the right to use a boat which is moored on the Thames. The boat cost the company £15,000 when it bought it in 2008.
what is the tax benefits arising from the above?
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Re: URGENT: short benefit in kind tax questionTempted to say do your own homework.(Original post by Larissa White)
3)The company gives Arthur the right to use a boat which is moored on the Thames. The boat cost the company £15,000 when it bought it in 2008.
what is the tax benefits arising from the above?
Right to use an asset is 20% of it's value is NIC employer liability. No tax impact on the employee. -
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Re: URGENT: short benefit in kind tax questionwouldnt it be 20% benefit to the employee and therefore subjet to income tax?(Original post by Kemik)
Tempted to say do your own homework.
Right to use an asset is 20% of it's value is NIC employer liability. No tax impact on the employee. -
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Re: URGENT: short benefit in kind tax questionYeah, employee incurs income tax. I thought we were just talking about NIC sorry.(Original post by Larissa White)
wouldnt it be 20% benefit to the employee and therefore subjet to income tax?
