ACCA-F6A-4

Travel expenses
ND Home D Home ND Employer A D Employer A1 Home
Permanent
Permanent workplace
Temporary workplace
Employer B Employer A2 Temporary
ND
D
Stop (经停)
Individual Income Tax
7. Company car
≤35% ≤₤5,000 (n/12)
Car Benefit = Rate ×(Listing Price – Capital Contributions) ×Time Apportion – Payment by Employee for use. Rate:
Premiቤተ መጻሕፍቲ ባይዱm
Landlord: taxable premium = P×(51-D)/50
Tenant: expense deductible each year = P×(51-D)/50D
Sublease: see below
Individual Income Tax
A
Head lease
PH DH
B:
PS×(51-DS)/50 (PH×(51-DH)/50×DS/DH) X
Taxable Premium
Individual Income Tax
8. Car fuel Fuel benefit = 21,100 ×Rate × n/12 9. Company van Van: £3,000 ×n/12 – contribution made by employee
Van fuel: £564 × n/12 – contribution made by employee
Individual Income Tax
Exempt benefit
f)Sports and recreational facilities available generally for the staff. (e.g. company gym) g)Outplacement counseling services h)Workplace parking for bicycles plus a tax free cycling allowance of 20p per business mile. i)Weekly tax free allowance of £4 can be paid by employer to an employee who works from home. j)First mobile phone *XXX is exempt benefit (不要忘写)
Not Stop (不经停)
D
D
Individual Income Tax
Property Business Income (个人和公司通用)
Accrual Basis
Rent
Allowable deduction
Insurance; agency & advertising fees Repairs & decoration Council tax Water rates Specific bad debt Wear & tear allowance: 10%×(Rent– council tax – water rate – specific bad debt) Interest on loan to purchase the property
Individual Income Tax
C. Allowable deduction Occupational pension
Professional subscription
Liability insurance premium Work at home: claim a deduction for an appropriate proportion of expenditure on lighting, heating and the phone bills Donations to charity under payroll deduction scheme Travel expense (pls. refer to next page)
1≤X≤75 grams, 5% 76≤X≤94 grams, 10% X=95 grams per kilometer, 11% X>95 grams, increase by 1% for every 5 grams increase 3% supplement for diesel cars up to the maxi of 35%
B
Sub lease
PS DS
C
A: C:
Landlord: Taxable Premium = PH×(51-DH)/50 Tenant: Expense deductible = PS×(51-DS)/50×1/DS
under Trading Profit
Sub leaser: Landlord: Less: Relief: :
10. Interest free or cheap loans: taxable benefit = difference of interest Average method Strict method
Individual Income Tax
Exempt benefit
a)Canteen available to all staff. b)Qualifying removal expenses up to £8,000. c)Parking facilities at or near place of work. d)Workplace nurseries (crèches), or up to £55 a week of childcare at either an approved child carers or paid for using childcare vouchers for basic rate taxpayers. The weekly limit for higher rate taxpayers is £28 per week and £25 per week for additional rate taxpayers. e)Occupational pension contributions by employer *XXX is exempt benefit (不要忘写)