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balance allowance相關例題解析
1、Edward King is trying to calculate his balancing payment/repayment for the tax year 2019–20, Information for 2019-20 includes the following:
Edward is employed by Stately Ltd as a marketing director. During the tax year 2019–20, he was paid gross director’s remuneration of ￡179,000.
On 1 December 2019, Stately Ltd provided Edward with an interest-free loan which he used to purchase a holiday cottage. Stately Ltd has provided Edward with a home entertainment system for his personal use since 6 April 2016. The home entertainment system had been purchased by Stately Ltd on 6 April 2016 for ￡5,200. The company gave the home entertainment system to Edward on 6 April 2019 for no charge, although its market value at that time was ￡2,200.
During the tax year 2019–20, Edward contributed 4% of his gross director’s remuneration of ￡179,000 into Stately Ltd’s HM Revenue and Customs’ registered occupational pension scheme. The company contributed a further 6% on his behalf.
During the tax year 2019–20, Edward donated ￡200 (gross) per month to charity under the payroll deduction scheme.
During the tax year 2019–20, Edward used his private motor car for business purposes. He drove 12,000 miles in the performance of his duties for Stately Ltd, for which the company paid an allowance of 35p per mile.
On 1 January 2020, Edward paid a professional subscription to the Guild of Marketing, an HM Revenue and Customs’ approved professional body.
For the tax year 2019–20, Stately Ltd deducted a total amount of ￡62,600 in PAYE from Edward’s earnings.
Edward is employed by Stately Ltd as a marketing director. During the tax year 2019–20, he was paid gross director’s remuneration of ￡179,000.
On 1 December 2019, Stately Ltd provided Edward with an interest-free loan which he used to purchase a holiday cottage. Stately Ltd has provided Edward with a home entertainment system for his personal use since 6 April 2016. The home entertainment system had been purchased by Stately Ltd on 6 April 2016 for ￡5,200. The company gave the home entertainment system to Edward on 6 April 2019 for no charge, although its market value at that time was ￡2,200.
During the tax year 2019–20, Edward contributed 4% of his gross director’s remuneration of ￡179,000 into Stately Ltd’s HM Revenue and Customs’ registered occupational pension scheme. The company contributed a further 6% on his behalf.
During the tax year 2019–20, Edward donated ￡200 (gross) per month to charity under the payroll deduction scheme.
During the tax year 2019–20, Edward used his private motor car for business purposes. He drove 12,000 miles in the performance of his duties for Stately Ltd, for which the company paid an allowance of 35p per mile.
On 1 January 2020, Edward paid a professional subscription to the Guild of Marketing, an HM Revenue and Customs’ approved professional body.
For the tax year 2019–20, Stately Ltd deducted a total amount of ￡62,600 in PAYE from Edward’s earnings.
1 、What mileage allowance will be deducted in calculating Edward’s taxable income for the year 2019-20?
【正確答案】 (800)
【答案解析】
Mileage allowance received (12,000 × 35p) | 4,200 | ||
Less：10,000 miles × 45p 2,000 miles × 25p | 4,500 | ||
500 | |||
––––– | (5,000) | ||
––––– | |||
（800） | |||
––––– | |||
【提問】：mileage allowance算出來是可以在員工的employment income中扣除800，寫答案的時候一定要寫（800）嗎？可以寫成800和-800都不行嗎？
【回答】：在填空題中是要用-800表示，在表格題中一般會給出括號，同學直接填數字即可。
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