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Benefits in kind

  • Student
  • 7 posts
  • # 115924

Can any way help with the answer to this question please

 

During the year 2014/2015 an employee not a director was given clothes from the shop for which she works as a gift.The value of the clothes was £450 Assuming she is a basc rate tax player,how much tax would she pay on this benefit and by how much would her tax code be reduced in 2015/2016 to allow for this tax collection. 

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