Income Tax Flashcards
1
Q
Vouchers exchangeable
A
Cost to employer
2
Q
Fuel Benefit
A
24,500
3
Q
Private Assets
A
20% x MV (market)
4
Q
Mobile Phone
A
1 - exempt
5
Q
Provision of Parking Space
A
Exempt
6
Q
Childcare payments
A
up to £55
7
Q
When did Childcare payments change?
A
6/4/11
28pw or 25pw
8
Q
What is the limit for pension advice?
A
£500
9
Q
Limit for annual social events
A
£150
10
Q
Non-cash gifts from 3rd parties
A
£250
11
Q
Limit of removal expenses
A
£8000
12
Q
Long service award, how many years? how much?
A
20 yrs,£50
13
Q
Medical Treatment
A
Up to £500
