Taxable Benefits Calculation Components and Component Details

Car and Car Fuel.

Field	Value
Registration Number	Registration Number of the car
Make	Make of the car.
Model	Model of the car.
Original Market Value	Price of the car.
Original Registration Date	Registration date of the car.
Annual Mileage	Miles traveled.
Employee Contribution Towards OMV	Amount the employee pays on the original value.
Available From Date	Date from when the prorated value of the annual amount of the taxable benefit will be calculated where the annual option is set.
Available To Date	Date to when the prorated value of the annual amount of the taxable benefit will be calculated where the annual option is set.
Number of Days Unavailable	Periods when the car isn’t available during the tax year.
CO2 Emissions	As per legislative data.
Cash Equivalent Override	Amount to override the calculated value of benefit
Electric Vehicle	Indicates if it’s an electric vehicle.
Apply Low Mileage Reductions	Indicate whether to apply low mileage rules

Van and Van Fuel.

Field	Value
Registration Number	Registration Number of the van.
Annual Mileage	Miles travelled
Employee Contribution	Amount the employee pays towards usage.
Available From Date	Date from when the prorated value of the annual amount of the taxable benefit will be calculated where the annual option is set.
Available To Date	Date to when the prorated value of the annual amount of the taxable benefit will be calculated where the annual option is set.
Original Market Value	Price of the van.
Number of Days Unavailable	Periods when the van isn’t available during the tax year.
Electric Vehicle	Indicates if it’s an electric vehicle.
Apply Low Mileage Reductions	Indicate whether to apply low mileage rules

Medical and Dental Insurance.

Field	Value
Start Date	The date from when the benefit is available to the employee.
End Date	The date when the benefit ends for the employee.
Adults Covered	Number of adults covered in the benefit
Children Covered	Number of children covered in the benefit
Premium Amount Paid by Employee	Amount paid by the employee
Gross Premium Paid by the Employer	Total amount paid by the employer
Cash Equivalent Override	Overrides the calculated value by the formula.

Preferential Loan.

Field	Value
Loan Start Date	The date from when the loan is available to the employee.
End Date	The date when the loan ends for the employee.
Original Loan Amount	Total amount of loan
Loan Type	Home Loan Other Qualifying Loans
Preferential Rate Given	Rate offered to employee compared to the market rate
Cash Equivalent Override	Overrides the calculated value by the formula.
Outstanding Loan Amount	Remaining amount to be repaid
Calculation Method	Based on Reducing Loan Balance Based on Start of Year Balance

Furniture Provided.

Field	Value
Start Date	The date from when the benefit is available to the employee.
End Date	The date when the benefit ends for the employee.
Description	Details of Furniture provided.
Employer Cost	Furniture’s market value or cost to employer
Employee Contribution	Any amount the employee pays towards use
Cash Equivalent Override	Overrides the calculated value by the formula.

Use of Assets or Assets Transferred and Goods Provided.

Field	Value
Start Date	The date from when the benefit is available to the employee.
End Date	The date when the benefit ceases for the employee.
Description	Details of use of asset.
Value of Goods or Assets	Asset’s market value or cost to employer
Employee Contribution	Any amount the employee pays towards use
Cash Equivalent Override	Overrides the calculated value by the formula.

Staff Discounts.

Field	Value
Start Date	The date from when the benefit is available to the employee.
End Date	The date when the benefit ceases for the employee.
Employer Cost	Retail value of the cost to employer
Employee Contribution	Any amount the employee pays towards use
Cash Equivalent Override	Overrides the calculated value by the formula.
One-Off Benefit	Indicate Yes for one-time staff discount

Staff Awards.

Field	Value
Start Date	The date from when the benefit is available to the employee.
End Date	The date when the benefit ceases for the employee.
Employer Cost	Retail value of the cost to employer
Cash Equivalent Override	Overrides the calculated value by the formula.
One-Off Benefit	Indicate Yes for one-time staff award.

Payments made on behalf of employee and subscriptions or other payments.

Field	Value
Start Date	The date from when the benefit is available to the employee.
End Date	The date when the benefit ceases for the employee.
Description	Details of the payment made on behalf of employee.
Employer Cost	Retail value of the cost to employer
Employee Contribution	Any amount the employee pays
Cash Equivalent Override	Overrides the calculated value by the formula.
One-Off Benefit	Indicate Yes for one-time staff discount

Miscellaneous Vouchers.

Field	Value
Start Date	The date from when the benefit is available to the employee.
End Date	The date when the benefit ceases for the employee.
Description	Details of the payment made on behalf of employee.
Employer Cost	Retail value of the cost to employer
Cash Equivalent Override	Overrides the calculated value by the formula.
One-Off Benefit	Indicate Yes for one-time staff discount

Free and Subsidized Accommodation.

Field	Value
Start Date	The date from when the benefit is available to the employee.
End Date	The date when the benefit ceases for the employee.
Annual or Part Value of Accommodation	Cost to the employer.
Additional Expenses Incurred	Any other expense amounts.
Employee Contribution	Any amount the employee pays towards this accommodation.
Cash Equivalent Override	Overrides the calculated value by the formula.

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