ACCA ATX ^UK Syllabus A1. Income tax - Income assessable - Notes ^{3 / 12}

Employment income to be assessed for tax include:

1. Salary

2. Wages

3. Bonus

4. Commission

5. Benefits in kind - there are 2 types of benefits - taxable benefits and exempt benefits. 

   Only taxable benefits will have income tax paid on them, exempt benefits will not.