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balance allowance相关例题解析
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?
【正确答案】 (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） | |||
––––– | |||
【提问】：mileage allowance算出来是可以在员工的employment income中扣除800，写答案的时候一定要写（800）吗？可以写成800和-800都不行吗？
【回答】：在填空题中是要用-800表示，在表格题中一般会给出括号，同学直接填数字即可。
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