Page 127 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1

Fringe benefits

Examples of fringe benefits not subject.

Not 7
th
 Allowances (e.g. travel allowance) schedule FB

Excl. from
 Subsidies (supply of money). def of goods

Entertainment
 Supply of meals and refreshments – input denied

 Residential housing Exempt

supply
Financial service

 Interest-free and low-interest loans - Exempt supply