04/02/25 Personal Tax

·       If you are provided with fuel for private journeys in your company car what is the figure that the relevant percentage is applied to?

• 27,500

• 27,800

• 27,700

• 27,800

·       What is the charge if you are provided with fuel for private journeys in your company van?

• 757

• 657

• 857

• 775

·       If you are provided with living accommodation from your employer, a second BIK charge is applicable if the cost of the house was greater than which amount?

• £70,000

• £65,000

• £75,000

• £125,000

·       Your employer lends you a Home Entertainment system (that they own), how is the BIK calculated?

• 20% of the cost of the asset

• 20% of the market value of the asset when first provided

• 25% of the cost of the asset

• 25% of the market value of the asset when first provided

·       What is the dividend allowance for an additional rate taxpayer?

• £0

• £500

• £1,000

• £2,000

Which one of these is the odd one out?

• Workplace parking

• Meals in staff canteen (if available to all staff)

• A gift in recognition of hitting performance targets

• Relocation costs of up to £8,000 on change of residence due to change in place of work

What is the additional charge for Diesel cars (which do not comply with RDE2)?

• 1%

• 2%

• 3%

• 4%

What is the maximum charge when calculating the BIK for a company car?

• 36%

• 37%

• 38%

• 39%