Lecture 3- Employment income

Employment income includes all , , & . Therefore, it is anything received as result of or

Total taxable employment income includes & & provided for employee unless specifically & other provided where monetary value must be established deduct made by & amounts by employee which are allowable for tax

Basis of assessment is way in which is allocated to correct for payment purposes. It is on basis (i.e. an employee is on what they during tax year)

In relation to basis of assessment, for employees “” means that an item will be on earliest of receiving & being entitled to its . However, for directors it will be taxed on earliest of date that is to director, if amount of have been decided by end of of account & amount is determined

One important difference between employment & self employment is . Those in self employment can usually those in employment

Another important difference between employment & self employment is . Those in self employment pay their than those in employment

Third important difference between employment & self employment is . Those in employment have much than those in self employment

Essential difference between employment & self employment is those in employment are under whereas those in self employment are under (made)

One criteria that has been taken into account for determining between employee & self employed is . This refers to employer has over worker i.e. whether they can say & they have got to do work () or & they are going to do work ()

Another criteria that has been taken into account for determining between employee & self employed is . An employee is generally paid & have to work whether or not there is much work whereas self employed get paid as coming in depends on how much there is

Third criteria that has been taken into account for determining between employee & self employed is . If you are an employee you will be with all needed for that work whereas those who are self employed will have to their

Fourth criteria that has been taken into account for determining between employee & self employed is (). For employee they have to & do whereas for self employed they have to & do

Fifth criteria that has been taken into account for determining between employee & self employed is . If you are an employee, you are employed on & therefore would be to come into work & whereas if you are self employed, you have one & wouldn't be to have work at that particular workplace

Sixth criteria that has been taken into account for determining between employee & self employed is . Those who are self employed have but if you are or you are an & have

Seventh criteria that has been taken into account for determining between employee & self employed is of for. If you are an employee you generally have or possibly whereas if you are self employed you may have

Eighth criteria that has been taken into account for determining between employee & self employed is . If you are an employee you are to whereas if you are self employed you

Overall, must be looked at do determine whether you are an employee or self employed

Allowable expenses- Expenses you can from amounts of which gives employment income. Certain expenses specifically allowed such as by employee, to professional bodies, to payroll giving scheme & necessary

Travel expenses are in course of & as it is difficult to identify exact cost, there are in place which an employee can & employer can (repay) without incurring any benefit on employee

Benefits in kind- in form of & provided to an , or member of their family. In order to tax these items, must be determined

Items not taxed include in staff canteen (if ), sports facilities, staff up to /head/year, , “” commuting benefits, awards, gifts from than employer, & (flowers for retirement/illness)