Part Of Employment Income Or not

Question 1

Round sum allowance of 2400 where 2100 has been used for client entertaining

Answer 1

Include at 2400

Question 2

Personal contribution to occupational pension scheme

Answer 2

Take off employment income

Question 3

Social events for 130, 60 and 75 in the year

Answer 3

Whole events total costing less than 150 are allowed, then as soon as you hit 150 threshold the whole of the events over that threshold not allowable

Here only 130 allowable, as the 60 will take total above 150 so all of 60 event disallow

Question 4

What is the time period you are allowed to deduct travel costs to a temporary workplace

Answer 4

24 months

Question 5

How do you calculate employment BIK for a rented property

Answer 5

Higher of rent and annual value

Must calculate both

Question 6

Entertainment allowance which was spent on entertaining clients

Answer 6

Allowable - as it was for the purpose that the allowance was used for

Question 7

How much is the property allowance

Answer 7

1000

Question 8

How many days must you be working away for before you are allowed travel costs of spouse to visit you exempt

Answer 8

60 days

Question 9

Would the travel costs of a 20 year old to visit you working abroad be exempt from your employment income

Answer 9

No because they are not a minor