Taylor is employed as a sales manager throughout 2021/22.

Her remuneration comprises the following

Salary £54,000 per annum

Relocation expenses£9,000 received on 6 June 2021

Car parking at work £75 per month (cost to the employer)

Private golf membership£650 per annum (cost to the employer)

Company car available for private use List price £32,450

Cost to employer £29,900

CO2 emissions174 g/km

The company car is a diesel and does not meet the RDE2 standard. Taylor made a capital contribution of £6,000 towards the car and her employer paid for all of her private diesel

Required:

a) Calculate the taxable value of all of the benefits in kind provided to Taylor for 2021/22.

b) Calculate the total Class 1A National Insurance Contributions payable in respect of Taylor for 2021/22.

c) Calculate the total National Insurance Contributions payable by Taylor (assuming an annual basis applies) for 2021/22.

Answer rating: 100% (QA)

ANSWER a The taxable value of all of the benefits in kind provi... View the full answer