ACCA TX UK Syllabus B. Income Tax And Nic Liabilities - Income assessable - Notes
What is taxable employment income?
Employment income to be assessed for tax include:
Salary
Wages
Bonus
Commission
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.
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Basis of assessment for employment income
Syllabus B. Income Tax And Nic Liabilities
B2. Income from employment
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Allowable deductions
Syllabus B. Income Tax And Nic Liabilities
B2. Income from employment