Useofassets(不含motorcarorTheUseofassets(不含motorcarorThebenefitassessedisthehigher20%x(MVwhenfirstprovided–thepricepaidbyrentalpaidbyemployer(ifassetisTimeapportioned(offeredonlypartoftheyear)OnemobilephoneperemployeeisexemptedGiftsofassets(不含motorcarorIfGiftsofassets(不含motorcarorIfnewassetisgiven→costoftheIfusedassetsisgiven→higher(MVwhengiven–thepricepaidby(MVwhenfirstprovided–benefitsalreadyassessed–thepricepaidbyemployee)NOTimeExampleGustavHolst,aP11Demployee,wasgiventheuseofsomevideoequipmenton6October2018whenithadavalueof?1,000.On1January2021thecompanygavetheExampleGustavHolst,aP11Demployee,wasgiventheuseofsomevideoequipmenton6October2018whenithadavalueof?1,000.On1January2021thecompanygavetheequipmenttoGustav,whenitsmarketvaluewas?600.Showassessablebenefitsfor2018/19,2019/20andLivingDefinitionofjobLivingDefinitionofjobrelatedResidenceintheaccommodationisnecessaryfortheproperperformanceofduties;Theaccommodationisprovidedaspartofarrangementsinforcebecauseofaspecialthreattotheemployee’ssecurity;Theemploymentisofakindinwhichitiscustomaryforaccommodationtobeprovided.LivingNotjob-relatedThegeneraltaxablebenefitLivingNotjob-relatedThegeneraltaxablebenefitisthehigherAnnualRentactually*ThebenefitisreducedbyanyrentorcontributionpaidbytheemployeeLivingGeneralannualrentpaidbytheAdditionalLivingGeneralannualrentpaidbytheAdditional(cost-￡75,000)*officialinterestrateJobrelatedpartRentpaidbyHigherGTime少女法則二：CapitalrevenueDistinguishCapitalexpenditure&Revenue?Capital少女法則二：CapitalrevenueDistinguishCapitalexpenditure&Revenue?Capitalusable:Initialinstallation,legalfeeatnature:Subsequentimprovementcost:e.g.extension,constructionofanewwalltosplitoneRoomintotwo,etcRevenueSubsequentrepairs,decoration,?Additionaltaxable?AdditionalbenefitischargedwherethecostAdditionaltaxable?Additionalbenefitischargedwherethecostoftheaccommodationisgreaterthan￡75,000Additionalbenefit=(costofprovidingaccommodation–￡75,000)×theofficialrateofCost=capitalexp=originalpurchaseprice+improvementexp.Ifthehouseisboughtmorethan6yearswhenfirstprovided,theMVisusedinsteadoforiginalTheofficialrateofinterestatthestartofthe2020/21taxyearis2.25%.giventoyouinthe????ExampleMr.QuintonlivesinahouseprovidedbyExampleMr.Quintonlivesinahouseprovidedbyhisemployerwhichcost￡90,000,whenitwasacquiredinJune2015.SincethistimethefollowingimprovementshavetakenFebruary2016AugustJulyGarageextensionThehousehasanannualvalueofThemarketvalueofthehousewasasfollows:April2020￡200000June2020ExampleTheaccommodationisnotjob-relatedandExampleTheaccommodationisnotjob-relatedandMr.Quintonpaysarentof￡100permonthtohisemployer.Calculatetheamountassessableforthetaxyear2020/21and2021/22ifMr.QuintonmovedinduringJune2020.Accommodationrelated???Notjob-relatedaccommodation:costtoAccommodationrelated???Notjob-relatedaccommodation:costtoJob-relatedaccommodation:limitedto10%ofnetNetearnings=totalemploymentincome(excludingbenefitofaccommodationrelatedexpense)Related???Heating,lightingorcleaningtheRepairing,maintainordecoratingthepremisesTheprovisionoffurniture(20%ofthecost)ExampleLilyhaslivedinjob-relatedaccommodationprovidedbyheremployerforherpersonalsecurity.Shehasanannualgrosssalaryof￡70,000forthetaxyear2020/21.Throughoutthetaxyear2020/21,heremployerpaidforheating,cleaningandlightingtheaccommodationatacostof￡8,000.HeremployeralsoprovidedLilywithfurnitureon6April2020atacostof￡20,000.WhatistheamountassessableonLilyinthetaxyear2020/21inrelationtoExampleLilyhaslivedinjob-relatedaccommodationprovidedbyheremployerforherpersonalsecurity.Shehasanannualgrosssalaryof￡70,000forthetaxyear2020/21.Throughoutthetaxyear2020/21,heremployerpaidforheating,cleaningandlightingtheaccommodationatacostof￡8,000.HeremployeralsoprovidedLilywithfurnitureon6April2020atacostof￡20,000.WhatistheamountassessableonLilyinthetaxyear2020/21inrelationtothefurniture,heating,cleaningandlightingProvisionofTaxablecarbenefit=X%*(listprice–ProvisionofTaxablecarbenefit=X%*(listprice–capitalcontribution)*timeproportion–paymentbyemployeeforuseofthecarPetrolpoweredmotorcarswithCO2≤5051gramsto54gramsperkilometre,55gramsperkilometre,>55g/km,increaseby1%forevery5g/kmDieselpoweredcars：+4%(ifdonotmeettherealdrivingemissions2(RDE2)standard)Maximum(allmotorProvisionofTIPS:alltherateswillbeprovidedinProvisionofTIPS:alltherateswillbeprovidedinElectricpoweredmotorhybrid-electricmotorcarswithCO2emissionsbetween1and50gramsperkilometre,theelectricrangeofamotorcarisrelevant:混合動力汽車electric130milesormore,70to129miles,40to6930to39miles,Lessthan30miles,51gramsto54gramsper55gramsper>55g/km,increaseby1%forevery5g/kmAmandawasprovidedwithaAmandawasprovidedwithahybrid-electriccompanycarthroughoutthetaxyear2020-21.ThemotorcarhasanofficialCO2emissionrateof24gramsperkilometreandanelectricrangeof90miles.Bettywasprovidedwithanewdieselpoweredcompanycarthroughoutthetaxyear2020-21.ThemotorcarhasanofficialCO2emissionrateof109gramsperkilometre.ThemotorcarmeetstheRDE2standard.Charleswasprovidedwithanewdieselpoweredcompanycaron6August2020.ThemotorcarhasanofficialCO2emissionrateof112gramsperkilometre.ThemotorcardoesnotmeettheRDE2standard.Dianawasprovidedwithanewpetrolpoweredcompanycarthroughoutthetaxyear2020-21.ThemotorcaranofficialCO2emissionrateof188gramsperkilometre.ProvisionofTaxablecarbenefit=X%*(listProvisionofTaxablecarbenefit=X%*(listprice–capitalcontribution)*timeproportion–paymentbyemployeeforuseofthecarCapitalcontributionmadebyemployeecanbedeductedfromlistpriceupto?5000ExampleVickystartsheremploymenton6January2021andisimmediatelyprovidedwithanewpetrolExampleVickystartsheremploymenton6January2021andisimmediatelyprovidedwithanewpetrolcarwithalistpriceof￡25,000.Thecarwasmoreexpensivethanheremployerwouldhaveprovidedandshethereforemadeacapitalcontributionof￡6,200.Theemployerwasabletobuythecaratadiscountandpaidonly￡23,000.Vickycontributed￡100amonthforbeingabletousethecarprivately.CO2emissionsare138g/km.YouarerequiredtocalculatehercarbenefitforProvisionofX%*EmployeepaysforProvisionofX%*Employeepaysforall:noNotfullyreimbursedbyemployee:thefullchargeapplies.whichistimeapportionmentExampleBrianwasprovidedbyhisemployerExampleBrianwasprovidedbyhisemployerwithanewpetrolpoweredcarwithalistpriceof￡15,000on6April2020.Thecaremits111g/kmofCO2.During2020/21theemployerspent￡900oninsurance,repairsandavehiclelicense.Thefirmpaidforallpetrol,costing￡1,500,withoutreimbursement.Brianpaidthefirm￡270fortheprivateuseofthecar.Calculatethetaxablebenefitsforprivateuseofthecarandprivatefuel.ProvisionofvansIfavanisProvisionofvansIfavanismadeavailableforanemployee’sprivateuse(nottakesavanhome)：AnnualscalechargeofFuelbenefitof￡666?Cheaploanswhichisavailabletoanemployeeataninterestratelowerthanofficialrate,eg.2.25%forFY2020/21Taxable?Cheaploanswhichisavailabletoanemployeeataninterestratelowerthanofficialrate,eg.2.25%forFY2020/21TaxablebenefitisthedifferenceofExemptiftheloansisnomorethan￡10,000(deminimistest)TwomethodsforcalculatingtheAveragemethod:Interestpayable@officialrate=Averageloan*officialrateStrictmethod:Interestatofficialrateiscalculatedontheactualamountoutstandingonamonthly?????ExampleOn1May2020FirstlyplcExampleOn1May2020FirstlyplcprovidedJoewithaninterestfreeloanof￡120,000sothathecouldpurchaseaholidaycottage.Joerepaid￡50,000oftheloanon31July2020,andrepaidthebalanceoftheloanof￡70,000whenheceasedemploymentwithFirstlyplcon31December2020.CalculatetheloanbenefitforOtherbenefits–generalThereisaOtherbenefits–generalThereisaresidualchargeforotherbenefits,usuallyequaltocosttotheemployerofthebenefitslessanycompensationmadebyemployee.Aprivateschooloffersfreeplacestothechildrenofitsstaff.Theactualcosttotheschoolofprovidingtheplaceis2000inataxyear,althoughthefeechargedtootherpupilsis5000inthetaxyear.ExemptExemptbenefitsExempt?????Canteen/uniformsavailabletoallstaff.QualifyingremovalexpensesupExempt?????Canteen/uniformsavailabletoallstaff.Qualifyingremovalexpensesupto￡8,000.Workplaceparking.Trivialbenefits:notmorethan￡50peremployeeprovidedthesebenefitsarenotcashorcashvoucher.Non-cashawardsforlongserviceiftheperiodofservicewasatleast20years,nosimilarawardwasmadetotheemployeeinthepast10yearsandcostisnotmorethan50peryearofservice.Cheaploan:notexceed10000Job-relatedaccommodation???Exempt?Personalincidentalexpenses:EmployeesspendonorExempt?Personalincidentalexpenses:Employeesspendonormorenightsawayfromhome.Employermayreimburseexpensesonitemsincidentaltotheirabsence(e.g.laundryandprivatetelephonecall).ExemptforUK￡5pernight&overseas￡10pernight.Ifexcess,totalamountbecomes?Theweeklytax-freeallowance￡6.Theallowancecoverstheextralightandheatcostsincurredduetohomeworking,withoutanyneedtoproviderecordsoftheactualexpensesincurred.?Anexemptionhasbeenintroducedfortrivialbenefitswhichdonotcostmorethan￡50peremployeeprovidedthesebenefitsarenotcashorcashvoucher.Exempt??ContributionsbyanemployertoExempt??Contributionsbyanemployertoanapprovedpensionscheme.Provisionofamobiletelephoneforprivateuse(oneperExempt????MedicaltreatmentStaffparties(costperExempt????MedicaltreatmentStaffparties(costperheadperyearisuptoSportandrecreationalfacilitiesavailablegenerallyforthestaff.Outplacementcounselingservicestoemployeesmaderedundant.Theservicescanincludecounselingtohelpadjusttothelossofthejobandtohelpinfindingotherwork,ieretrainingcoursesupto2yearsContributionstowardsadditionalhouseholdcosts(suchaslightandheat)incurredbyanemployeewhoworksathomeupto￡4perweekorifhigherevidencemustbeprovidedbytheemployeetojustifyUseofEmployerbicyclesifusedbyemployeestoandfromwork.Provisionofeyecaretestsand/orcorrectiveglassesforemployeesusingVDU’s(ifpaiddirectly,byreimbursementtotheemployeeorbyprovidingvouchers)Medicalinsurance:overseaswork（exempt）&UKwork(taxablebenefit:costtoemployer)????PAYEPAYELess:taxsufferedatsourceLess:taxsufferedatsourceXXWhatisPAYEisthesystemWhatisPAYEisthesystemusedforcalculatingandcollectingincometaxandClass1NICfrompaymentsmadetoemployees.PAYEpreparedbyemployer:recordsdetailsPAYEpreparedbyemployer:recordsdetailsofbenefitssubmittoHMRCby6Julyacopyoftheformalsoprovidedtotheemployeeby6PAYEP60(yearendpreparedbyemployer:recordsdetailsoftotaltaxableearnings,incometax&PAYEP60(yearendpreparedbyemployer:recordsdetailsoftotaltaxableearnings,incometax&Class1NICdeducted,codenumber,andemployer’snameandvidedtotheemployeeby31Mayfollowingtheyearofassessment(2020/21--31.5.21)PAYEwhenanemployeeleaves,preparedPAYEwhenanemployeeleaves,preparedbyoldemployerattheleavingdate.Recordsthedetailsofhistaxableearnings,incometaxandNICdeducted,taxcodeuptothedateofleaving.Providedimmediatelyfollowingthecessationof3copy:employee,oldemployer,newPenalty(latefilingPAYEformwithin1-10-Penalty(latefilingPAYEformwithin1-10-50-over3months:additionalpenaltydueof5%*ofthetaxandNICdueEmployeetaxL:entitledtothefullEmployeetaxL:entitledtothefullM:peoplewhoreceivingPAtransferN:peoplewhogiving1250PA1250L:onlyreceivingfullPA,nootherAfterAfterclassAfterclassWilliamwasbornin1990.AfterclassWilliamwasbornin1990.HeisemployedbyCrownDuringthetaxyear2020/21Wil