今天是2016年11月7日，距离2016年12月份ACCA考试还有不足一个月的时间了，为了帮助大家更好的通关ACCA考试，今天给大家分享一下ACCA考试科目F6《税务》中的Income Tax Liability部分的计算公式，希望可以帮助到大家。
1.Adjusted net income=net income- gross PPS - gross gift aid donation
2. Personal allowance
Std PA=£10,600
When 'Adjusted net income'≥£100,000
Std PA 10600
Less: restriction(adjusted net income - 100000)*1/2
Adjusted PA
'Adjusted net income'≥£121,200,PA=0
3.Gift aid donation
• Gross up=net gift aid donation *100/80
• Extending the rate band
31785(150000)+ gross gift aid donation
• Adjusted net income=net income -gross gift aid donation
4. Child benefit income tax charge:
When £ 60,000≥ 'Adjusted net income'≥£50,000
%=(Adjusted net income -50000)/100 Round down
child benefit income tax charge=%* child benefit received
5.Authorized mileage allowances
Up to 10,000 miles 45p
over 10,000 miles 25p
6. Additional charge of living accommodation benefit
Additional benefit=(cost of providing accommodation – £75,000) × the official rate of interest
which is time apportionment
7. Benefit of use of assets
The benefit assessed is the higher of
- 20% x (MV when first provided –the price paid by employee)
- rental paid by employer (if asset is rented)
which is time apportionment
8. Benefit of gift of assets
If new asset is given : cost of the asset
If used assets is given : higher of
- (MV when given –the price paid by employee)
- (MV when first provided –benefits already assessed –the price paid by employee)
9. Benefit of provision of a car
Taxable car benefit= X%*(list price – capital contribution) * time proportion – payment by employee for use of the car
Emission ≤50 g/km,X=5%
51≤ Emission ≤75 g/km, X=9%
76≤ Emission ≤94g/km, X=13%
Emission =95g/km, X=14%
Emission >95g/km, increase by 1% for every 5 g/km increase
X=(Emission-95)/5 Round down
diesel cars ：+ 3%
Maximum of X：37%
10. Benefit of Provision of fuel
X%* £22,100 which is time apportionment
11. Provision of vans
Standard benefit of £3,150
£594 a year for private fuel which is time apportionment
12.PPS
Extending the rate band
31785(150000)+ gross PPS
Adjusted net income=Net income- gross PPS
13.OPS
Employer’s contributions: trading profit - OPS
Employee’s contributions: employment income- OPS
14.Wear and Tear allowance
Wear and tear allowance= 10% x (accrued rental income -council tax -water rates paid by landlord)
15.Rent a room
Gross rental income<= £4250, lower of
- Property business income=0
- Property business income= normal calculation= gross rent – expenses – W&T allowance
Gross rental income> £4250, lower of
- Property business income= normal calculation or,
- Property business income= alternative calculation= gross rent -4250
16. Premium
Premium is treated as property business income for the year of grant.
P-P × 2% (n-1)
Where: P = total premium
n = duration of lease in years
17.Class 1 NIC (on cash earnings)
Primary:
£1-£8,060 per year Nil
£8,061-£42,385 per year 12%
£42,386 and above per year 2%
Secondary:
£1-£8,112 per year Nil
£8,113 and above per year 13.8%
18.Class 1A NIC (on taxable benefits) =taxable benefits*13.8%
19.Class 2 =£2.8* weeks
20. Class 4 (on trading profit:which is after loss relief)
£1-£8,060 per year Nil
£8,061-£42,385 per year 9%
£42,386 and above per year 2%
21. Payment of tax
for 15/16 :
- 31.1.16 - first payment on account=1/2*(14/15 income tax payable+14/15 NIC Class 4)
- 31.7.16 - second payment on account=1/2*(14/15 income tax payable+14/15 NIC Class 4)
- 31.1.17 - final balancing payment = 15/16 income tax payable+15/16 NIC Class 4 tax -(14/15income tax payable+14/15 NIC Class 4) +CGT +15/16 Class 2
Payment of capital gain tax : 31.1.17 for 15/16
Payment of Class 2: 31.1.17 for 15/16
22. Interest on late payment of tax: 3% * due amount (which is time apportionment)
POAs- runs from 31.1.2016/31.7.2016
Final payment- runs from 31.1.2017
23. Penalty on late balancing payment:
- no more than 5 month, 5%, (5% * (should pay - actual pay))
- more than 5 months, 10
- more than 11 months,15%
24. Penalties for late return:
- the return filed after the filing date, 100
- more than 3 months, 10 per day, at most 90 days
- more than 6 months, higher of 5%*tax due on return & 300
- more than 12 months,higher of 10
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