Obama Tax Refund Of $24,515 But Fraudulently Failed To Claim Vacations As Income! | Before It's News
If a person receives a holiday, use of a holiday home, has a holiday paid by his/her employer, then that is deemed to be a benefit in kind and therefore an income. The value of the holiday should be added to gross income.
This is the UK tax position and America adopted this system at the time that we changed to the American self assessment system which is a joke. Anybody putting down £80 /£100 K as a gross income will only very rarely be investigated these days.
This allows the self employed joiner, plumber to make bundles of money without paying tax.
No comments:
Post a Comment