1st August 2008, 10:22 PM
Can anyone give example of how the new Customs and Revenue ruling is going to work in practice? I can see that accomodation provided in the past may attract a tax liability i.e a bill, but how will ongoing situtions apply?
Will archaeologists currently in employer-provided accomodation start to get less money in their pay packet as they pay more tax?
Could the provision of accommodation as a taxable benefit take the salaries of liable ex-students to a level where they may have to make increased student loan repayments?
If an archaeologist is on family credits or similar, could the cost of accomodation be 'added' to their income and push them out of the benefit window?
Should IFA members include the cost of provided accommodation when calculating their income based IFA membership fees?
This is all just a mess.......I'm going off to get drunk and listen to Richard Hawley.
Will archaeologists currently in employer-provided accomodation start to get less money in their pay packet as they pay more tax?
Could the provision of accommodation as a taxable benefit take the salaries of liable ex-students to a level where they may have to make increased student loan repayments?
If an archaeologist is on family credits or similar, could the cost of accomodation be 'added' to their income and push them out of the benefit window?
Should IFA members include the cost of provided accommodation when calculating their income based IFA membership fees?
This is all just a mess.......I'm going off to get drunk and listen to Richard Hawley.