Question
During the tax year 2020/21, Keith received a gross annual basic salary of 128,400 in Jets plc. he is required to make regular use of
During the tax year 2020/21, Keith received a gross annual basic salary of £128,400 in Jets plc. he is required to make regular use of computer equipment. Jets plc pays the cost of eye-tests and spectacles for employees who are required to make such use of computer equipment. The cost of Keith’s eye-test and spectacles in 2020/21 was £410. In addition, Jets plc gifted a digital television to Keith. The digital television cost Jets plc £1,599. Jets plc made the gift to Keith in a personal capacity: it was not given due to Keith role as a financial restructuring specialist for Jets plc. Calculate income tax payable or repayable for the tax year 2020/21.
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Cornerstones Of Cost Management
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