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A works as an accountant for XYZ Ltd which is located in London. The following information is available for the tax year 2 0 2
A works as an accountant for XYZ Ltd which is located in London. The following information is available for the tax year :
Employment income:
a A was paid a gross salary of by XYZ Ltd Income tax of was deducted from this figure under PAYE. A paid into the companys registered occupational pension scheme.
b XYZ Ltd has provided A with living accommodation which is not jobrelated. The accommodation has an annual value of a nd cost XYZ Ltd four years ago when A first occupied the accommodation The accommodation contains furniture which cost XYZ Ltd four years ago. XYZ Ltd pays all of As household bills totalling per annum.
c A uses a company car purchased in at its list price of Expenses for the car includes petrol paid by the company, for the year. The car has emissions of gkm The company pays for all business and private fuel.
d A was granted a loan of by his employer on March to help finance the purchase of a house for private use. Interest is payable on the loan at pa On June A repaid and on December he repaid a further The remaining was still outstanding on April
e A stereo system costing was purchased for As use by her employer on June On August the stereo system was purchased by A for when the market value was
f Throughout the tax year XYZ Ltd gave A with a birthday gift of
Other information:
a During A received bank interest of and dividends of
b During the tax year A made Gift Aid Donations totaling net
Required: Calculate the income tax payable by A for the tax year
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