EMPLOYMENT INCOME

HideShow resource information
  • Created by: Millie
  • Created on: 29-04-18 08:37
CONTRIBUTIONS BY AN EMPLOYER TO A REGISTERED PENSION SCHEME
EXEMPT
1 of 34
TRIVIAL BENEFITS AND LIMITS
EXEMPT (£50 EMPLOYEES £300 DIRECTORS)
2 of 34
PENSION ADVICE TO £150 PER TAX YEAR
EXEMPT
3 of 34
CHILDCARE FACILITIES RUN BY OR ON BEHALF OF THE EMPLOYER
EXEMPT
4 of 34
CHILDCARE PAYMENTS
EXEMPT - BASIC RATE £55 PER WEEK, HIGHER RATE £28 PER WEEK, ADDITIONAL RATE £25 PER WEEK
5 of 34
TELEPHONE
EXEMPT
6 of 34
FREE/SUBSIDISED MEALS IN A CANTEEN FOR ALL STAFF
EXEMPT
7 of 34
SOCIAL EVENTS
EXEMPT £150 PER YEAR
8 of 34
ENTERTAINMENT PROVIDED BY A THIRD PARTY
EXEMPT
9 of 34
NON-CASH GIFTS FROM THIRD PARTIES
£250 PER DONOR, EXEMPT
10 of 34
PARKING SPACE AT WORK
EXEMPT
11 of 34
STAFF SUGGESTION SCHEME
UP TO £5,000 EXEMPT
12 of 34
WORK RELATED TRAINING COURSES
EXEMPT
13 of 34
SPORTS AND RECREATION FACILITIES AVAILABLE TO EMPLOYEES BUT NOT THE PUBLIC
EXEMPT
14 of 34
WORK FROM HOME ALLOWANCE
£4 PER WEEK EXEMPT
15 of 34
PERSONAL INCIDENTAL EXPENSES WHILST THE EMPLOYEE IS REQUIRED TO STAY AWAY
£5 IN UK £10 OVERSEAS EXEMPT
16 of 34
REIMBURSEMENT OF OWN VEHICLE USE 45PPM
EXEMPT
17 of 34
OVERSEAS MEDICAL EXPENSES WHEN WORKING ABROAD
EXEMPT
18 of 34
LOANS NOT EXCEEDING £10,000 PER TAX YEAR
EXEMPT
19 of 34
COST OF OFFICIALLY RECOMMENDED MEDICAL TREATMENT TO HELP THE EMPLOYEE GET BACK TO WORK
£500 PER YEAR EXEMPT
20 of 34
HEALTH SCREENING ASSESSMENT OR MEDICAL CHECK UP
ONE PER YEAR, EXEMPT
21 of 34
EYE TESTS AND GLASSES FOR EMPLOYEES USING VDU
EXEMPT
22 of 34
NON-CASH LONG SERVICE AWARDS IN RESPECT OF AT LEAST 20 YEARS SERVICE
NOT EXCEEDING £50 PER YEAR OF SERVICE, EXEMPT
23 of 34
REMOVAL EXPENSES IF THE EMPLOYEE HAS TO RELOCATE
£8,000 EXEMPT
24 of 34
USE OF BICYCLES OR CYCLISTS SAFETY EQUIPMENT
EXEMPT
25 of 34
WORKS BUSES AND SUBSIDIES TO PUBLIC BUS SERVICES
EXEMPT
26 of 34
JOB RELATED ACCOMMODATION
EXEMPT
27 of 34
CASH VOUCHERS EXCHANGEABLE FOR CASH
THE SUM OF MONEY FOR WHICH THE VOUCHER IS CAPABLE OF BEING EXCHANGED
28 of 34
CREDIT TOKENS (E.G. CREDIT CARD)
THE COST OF PROVIDING THE BENEFIT LESS ANY CONTRIBUTIONS MADE BY THE EMPLOYEE IS THE TAXABLE AMOUNT
29 of 34
VOUCHERS EXCHANGEABLE FOR GOODS AND SERVICES (E.G. BOOK TOKENS)
TAXABLE AMOUNT IS THE COST TO THE EMPLOYER OF PROVIDING THE BENEFIT, LESS ANY AMOUNT PAID BY THE EMPLOYEE
30 of 34
FUEL BENEFIT (CARS)
£22,600 X CAR BENEFIT %
31 of 34
VANS FOR PRIVATE USE
ANNUAL BENEFIT OF £3,230 AND IF THE VAN IS ZERO EMISSIONS IT IS £646
32 of 34
FUEL BENEFIT (VANS)
£610 PER YEAR
33 of 34
ASSETS FOR PRIVATE USE
THE TAXABLE BENEFIT IS THE HIGHER OF 20% OF MARKET VALUE OR THE RENT PAID BY THE EMPLOYER (MUST BE MORE THAN 45% USE)
34 of 34

Other cards in this set

Card 2

Front

TRIVIAL BENEFITS AND LIMITS

Back

EXEMPT (£50 EMPLOYEES £300 DIRECTORS)

Card 3

Front

PENSION ADVICE TO £150 PER TAX YEAR

Back

Preview of the front of card 3

Card 4

Front

CHILDCARE FACILITIES RUN BY OR ON BEHALF OF THE EMPLOYER

Back

Preview of the front of card 4

Card 5

Front

CHILDCARE PAYMENTS

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Accounting resources:

See all Accounting resources »See all EMPLOYMENT INCOME resources »