UK tax system question plzzz help plzzz?
question 2
john employed sales representative medium-sized company. during tax year ended 5 april 2008, basic salary £48,000.
provided throughout year petrol-engined company car emissions rating of 190 grams/km , had cost company £18,000 in june 2004, when 8 months old. john paid £3,000 towards purchase of car. list price @ date of manufacture £24,000.
company paid running costs of car, including petrol totalling £4,500. car used 20% private purposes , julian paid employer £100 month towards use of car , £50 month private petrol.
had use of video camera system company had bought £1,500 on 6 october 2007, , had used @ home ever since then.
company purchased flat in 2006 £140,000, julian lives in , pays £500 month use of flat. “annual value” of flat £8,000. used entirely private purposes.
on 6 april 2005, borrowed £16,000 company buy carvan family holidays. company charged interest @ 2% per annum on loan, , has not yet made repayments.
requirements:
(a) calculate john’s total income employment year
(b) calculate tax liability year
(c) calculate amount of national insurance payable him , employers.
question 2 john employed sales representative medium-sized company. during tax year ended 5 april 2008, basic salary £48,000. provided throughout year petrol-engined company car emissions rating of 190 grams/km , had cost company £18,000 in june...
Business & Finance Taxes Other - Taxes Next
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