week 3 Flashcards
1
Q
when is employment income assessed
A
Employment income is assessed to income tax in the tax year in which it is received.
2
Q
what is benefits in kind
A
Benefits in kind consist of employment income which is received in the form of goods or services rather than money.
3
Q
how are you taxed on vouchers recieved
A
on the cost of the voucher to the employer
4
Q
A
