EMPLOYMENT INCOME

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

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