参考成果综合task taxable and exempt benefits the paye system

Useofassets(不含motorcarorTheUseofassets(不含motorcarorThebenefitassessedisthehigher20%x(MVwhenfirstprovided–thepricepaidbyrentalpaidbyemployer(ifassetisTimeapportioned(offeredonlypartoftheyear)OnemobilephoneperemployeeisexemptedGiftsofassets(不含motorcarorIfGiftsofassets(不含motorcarorIfnewassetisgiven→costoftheIfusedassetsisgiven→higher(MVwhengiven–thepricepaidby(MVwhenfirstprovided–benefitsalreadyassessed–thepricepaidbyemployee)NOTimeExampleGustavHolst,aP11Demployee,wasgiventheuseofsomevideoequipmenton6October2018whenithadavalueof₤1,000.On1January2021thecompanygavetheExampleGustavHolst,aP11Demployee,wasgiventheuseofsomevideoequipmenton6October2018whenithadavalueof₤1,000.On1January2021thecompanygavetheequipmenttoGustav,whenitsmarketvaluewas₤600.Showassessablebenefitsfor2018/19,2019/20andLivingDefinitionofjobLivingDefinitionofjobrelatedResidenceintheaccommodationisnecessaryfortheproperperformanceofduties;Theaccommodationisprovidedaspartofarrangementsinforcebecauseofaspecialthreattotheemployee’ssecurity;Theemploymentisofakindinwhichitiscustomaryforaccommodationtobeprovided.LivingNotjob-relatedThegeneraltaxablebenefitLivingNotjob-relatedThegeneraltaxablebenefitisthehigherAnnualRentactually*ThebenefitisreducedbyanyrentorcontributionpaidbytheemployeeLivingGeneralannualrentpaidbytheAdditionalLivingGeneralannualrentpaidbytheAdditional(cost-£75,000)*officialinterestrateJobrelatedpartRentpaidbyHigherGTime少女法则二：CapitalrevenueDistinguishCapitalexpenditure&Revenue•Capital少女法则二：CapitalrevenueDistinguishCapitalexpenditure&Revenue•Capitalusable:Initialinstallation,legalfeeatnature:Subsequentimprovementcost:e.g.extension,constructionofanewwalltosplitoneRoomintotwo,etcRevenueSubsequentrepairs,decoration,•Additionaltaxable•AdditionalbenefitischargedwherethecostAdditionaltaxable•Additionalbenefitischargedwherethecostoftheaccommodationisgreaterthan£75,000Additionalbenefit=(costofprovidingaccommodation–£75,000)×theofficialrateofCost=capitalexp=originalpurchaseprice+improvementexp.Ifthehouseisboughtmorethan6yearswhenfirstprovided,theMVisusedinsteadoforiginalTheofficialrateofinterestatthestartofthe2020/21taxyearis2.25%.giventoyouinthe••••ExampleMr.QuintonlivesinahouseprovidedbyExampleMr.Quintonlivesinahouseprovidedbyhisemployerwhichcost£90,000,whenitwasacquiredinJune2015.SincethistimethefollowingimprovementshavetakenFebruary2016AugustJulyGarageextensionThehousehasanannualvalueofThemarketvalueofthehousewasasfollows:April2020£200000June2020ExampleTheaccommodationisnotjob-relatedandExampleTheaccommodationisnotjob-relatedandMr.Quintonpaysarentof£100permonthtohisemployer.Calculatetheamountassessableforthetaxyear2020/21and2021/22ifMr.QuintonmovedinduringJune2020.Accommodationrelated•••Notjob-relatedaccommodation:costtoAccommodationrelated•••Notjob-relatedaccommodation:costtoJob-relatedaccommodation:limitedto10%ofnetNetearnings=totalemploymentincome(excludingbenefitofaccommodationrelatedexpense)Related✓✓✓Heating,lightingorcleaningtheRepairing,maintainordecoratingthepremisesTheprovisionoffurniture(20%ofthecost)ExampleLilyhaslivedinjob-relatedaccommodationprovidedbyheremployerforherpersonalsecurity.Shehasanannualgrosssalaryof£70,000forthetaxyear2020/21.Throughoutthetaxyear2020/21,heremployerpaidforheating,cleaningandlightingtheaccommodationatacostof£8,000.HeremployeralsoprovidedLilywithfurnitureon6April2020atacostof£20,000.WhatistheamountassessableonLilyinthetaxyear2020/21inrelationtoExampleLilyhaslivedinjob-relatedaccommodationprovidedbyheremployerforherpersonalsecurity.Shehasanannualgrosssalaryof£70,000forthetaxyear2020/21.Throughoutthetaxyear2020/21,heremployerpaidforheating,cleaningandlightingtheaccommodationatacostof£8,000.HeremployeralsoprovidedLilywithfurnitureon6April2020atacostof£20,000.WhatistheamountassessableonLilyinthetaxyear2020/21inrelationtothefurniture,heating,cleaningandlightingProvisionofTaxablecarbenefit=X%*(listprice–ProvisionofTaxablecarbenefit=X%*(listprice–capitalcontribution)*timeproportion–paymentbyemployeeforuseofthecarPetrolpoweredmotorcarswithCO2≤5051gramsto54gramsperkilometre,55gramsperkilometre,>55g/km,increaseby1%forevery5g/kmDieselpoweredcars：+4%(ifdonotmeettherealdrivingemissions2(RDE2)standard)Maximum(allmotorProvisionofTIPS:alltherateswillbeprovidedinProvisionofTIPS:alltherateswillbeprovidedinElectricpoweredmotorhybrid-electricmotorcarswithCO2emissionsbetween1and50gramsperkilometre,theelectricrangeofamotorcarisrelevant:混合动力汽车electric130milesormore,70to129miles,40to6930to39miles,Lessthan30miles,51gramsto54gramsper55gramsper>55g/km,increaseby1%forevery5g/kmAmandawasprovidedwithaAmandawasprovidedwithahybrid-electriccompanycarthroughoutthetaxyear2020-21.ThemotorcarhasanofficialCO2emissionrateof24gramsperkilometreandanelectricrangeof90miles.Bettywasprovidedwithanewdieselpoweredcompanycarthroughoutthetaxyear2020-21.ThemotorcarhasanofficialCO2emissionrateof109gramsperkilometre.ThemotorcarmeetstheRDE2standard.Charleswasprovidedwithanewdieselpoweredcompanycaron6August2020.ThemotorcarhasanofficialCO2emissionrateof112gramsperkilometre.ThemotorcardoesnotmeettheRDE2standard.Dianawasprovidedwithanewpetrolpoweredcompanycarthroughoutthetaxyear2020-21.ThemotorcaranofficialCO2emissionrateof188gramsperkilometre.ProvisionofTaxablecarbenefit=X%*(listProvisionofTaxablecarbenefit=X%*(listprice–capitalcontribution)*timeproportion–paymentbyemployeeforuseofthecarCapitalcontributionmadebyemployeecanbedeductedfromlistpriceupto₤5000ExampleVickystartsheremploymenton6January2021andisimmediatelyprovidedwithanewpetrolExampleVickystartsheremploymenton6January2021andisimmediatelyprovidedwithanewpetrolcarwithalistpriceof£25,000.Thecarwasmoreexpensivethanheremployerwouldhaveprovidedandshethereforemadeacapitalcontributionof£6,200.Theemployerwasabletobuythecaratadiscountandpaidonly£23,000.Vickycontributed£100amonthforbeingabletousethecarprivately.CO2emissionsare138g/km.YouarerequiredtocalculatehercarbenefitforProvisionofX%*EmployeepaysforProvisionofX%*Employeepaysforall:noNotfullyreimbursedbyemployee:thefullchargeapplies.whichistimeapportionmentExampleBrianwasprovidedbyhisemployerExampleBrianwasprovidedbyhisemployerwithanewpetrolpoweredcarwithalistpriceof£15,000on6April2020.Thecaremits111g/kmofCO2.During2020/21theemployerspent£900oninsurance,repairsandavehiclelicense.Thefirmpaidforallpetrol,costing£1,500,withoutreimbursement.Brianpaidthefirm£270fortheprivateuseofthecar.Calculatethetaxablebenefitsforprivateuseofthecarandprivatefuel.ProvisionofvansIfavanisProvisionofvansIfavanismadeavailableforanemployee’sprivateuse(nottakesavanhome)：AnnualscalechargeofFuelbenefitof£666•Cheaploanswhichisavailabletoanemployeeataninterestratelowerthanofficialrate,eg.2.25%forFY2020/21Taxable•Cheaploanswhichisavailabletoanemployeeataninterestratelowerthanofficialrate,eg.2.25%forFY2020/21TaxablebenefitisthedifferenceofExemptiftheloansisnomorethan£10,000(deminimistest)TwomethodsforcalculatingtheAveragemethod:Interestpayable@officialrate=Averageloan*officialrateStrictmethod:Interestatofficialrateiscalculatedontheactualamountoutstandingonamonthly•••−−ExampleOn1May2020FirstlyplcExampleOn1May2020FirstlyplcprovidedJoewithaninterestfreeloanof£120,000sothathecouldpurchaseaholidaycottage.Joerepaid£50,000oftheloanon31July2020,andrepaidthebalanceoftheloanof£70,000whenheceasedemploymentwithFirstlyplcon31December2020.CalculatetheloanbenefitforOtherbenefits–generalThereisaOtherbenefits–generalThereisaresidualchargeforotherbenefits,usuallyequaltocosttotheemployerofthebenefitslessanycompensationmadebyemployee.Aprivateschooloffersfreeplacestothechildrenofitsstaff.Theactualcosttotheschoolofprovidingtheplaceis2000inataxyear,althoughthefeechargedtootherpupilsis5000inthetaxyear.ExemptExemptbenefitsExempt•••••Canteen/uniformsavailabletoallstaff.QualifyingremovalexpensesupExempt•••••Canteen/uniformsavailabletoallstaff.Qualifyingremovalexpensesupto£8,000.Workplaceparking.Trivialbenefits:notmorethan£50peremployeeprovidedthesebenefitsarenotcashorcashvoucher.Non-cashawardsforlongserviceiftheperiodofservicewasatleast20years,nosimilarawardwasmadetotheemployeeinthepast10yearsandcostisnotmorethan50peryearofservice.Cheaploan:notexceed10000Job-relatedaccommodation•••Exempt•Personalincidentalexpenses:EmployeesspendonorExempt•Personalincidentalexpenses:Employeesspendonormorenightsawayfromhome.Employermayreimburseexpensesonitemsincidentaltotheirabsence(e.g.laundryandprivatetelephonecall).ExemptforUK£5pernight&overseas£10pernight.Ifexcess,totalamountbecomes•Theweeklytax-freeallowance£6.Theallowancecoverstheextralightandheatcostsincurredduetohomeworking,withoutanyneedtoproviderecordsoftheactualexpensesincurred.•Anexemptionhasbeenintroducedfortrivialbenefitswhichdonotcostmorethan£50peremployeeprovidedthesebenefitsarenotcashorcashvoucher.Exempt••ContributionsbyanemployertoExempt••Contributionsbyanemployertoanapprovedpensionscheme.Provisionofamobiletelephoneforprivateuse(oneperExempt••••MedicaltreatmentStaffparties(costperExempt••••MedicaltreatmentStaffparties(costperheadperyearisuptoSportandrecreationalfacilitiesavailablegenerallyforthestaff.Outplacementcounselingservicestoemployeesmaderedundant.Theservicescanincludecounselingtohelpadjusttothelossofthejobandtohelpinfindingotherwork,ieretrainingcoursesupto2yearsContributionstowardsadditionalhouseholdcosts(suchaslightandheat)incurredbyanemployeewhoworksathomeupto£4perweekorifhigherevidencemustbeprovidedbytheemployeetojustifyUseofEmployerbicyclesifusedbyemployeestoandfromwork.Provisionofeyecaretestsand/orcorrectiveglassesforemployeesusingVDU’s(ifpaiddirectly,byreimbursementtotheemployeeorbyprovidingvouchers)Medicalinsurance:overseaswork（exempt）&UKwork(taxablebenefit:costtoemployer)••••PAYEPAYELess:taxsufferedatsourceLess:taxsufferedatsourceXXWhatisPAYEisthesystemWhatisPAYEisthesystemusedforcalculatingandcollectingincometaxandClass1NICfrompaymentsmadetoemployees.PAYEpreparedbyemployer:recordsdetailsPAYEpreparedbyemployer:recordsdetailsofbenefitssubmittoHMRCby6Julyacopyoftheformalsoprovidedtotheemployeeby6PAYEP60(yearendpreparedbyemployer:recordsdetailsoftotaltaxableearnings,incometax&PAYEP60(yearendpreparedbyemployer:recordsdetailsoftotaltaxableearnings,incometax&Class1NICdeducted,codenumber,andemployer’snameandvidedtotheemployeeby31Mayfollowingtheyearofassessment(2020/21--31.5.21)PAYEwhenanemployeeleaves,preparedPAYEwhenanemployeeleaves,preparedbyoldemployerattheleavingdate.Recordsthedetailsofhistaxableearnings,incometaxandNICdeducted,taxcodeuptothedateofleaving.Providedimmediatelyfollowingthecessationof3copy:employee,oldemployer,newPenalty(latefilingPAYEformwithin1-10-Penalty(latefilingPAYEformwithin1-10-50-over3months:additionalpenaltydueof5%*ofthetaxandNICdueEmployeetaxL:entitledtothefullEmployeetaxL:entitledtothefullM:peoplewhoreceivingPAtransferN:peoplewhogiving1250PA1250L:onlyreceivingfullPA,nootherAfterAfterclassAfterclassWilliamwasbornin1990.AfterclassWilliamwasbornin1990.HeisemployedbyCrownDuringthetaxyear2020/21Wil