.
Keep on saying it often enough and you might eventually even believe it yourself. But we both know there is absolutely nothing in chapter 8 about Internet access.
This is about two issues, free use of assets
and internet access. You yourself have posted an exerpt from chapter 10, regarding private use of company internet access.
What makes you think the tea is his only benefit?
Tea is a trivial benefit. If you really want to get picky, 10.3 - meal and meal vouchers would cover it.
And why can't I deem my web access to be my small benefit?
Because it's not a small benefit. You are moderating a finance forum from your place of work. How much time does that take? There are people making a living out of internet cafes, providing this service.
The amount assessable is the cost to the employer of Benefit-In-Kind: providing the benefit, less any amount contributed to the employer by the employee. "
Given that Internet bandwidth is paid for by my employer on a fixed capacity basis (e.g. a 2 Mb link, regardless of the usage of AAM), there is no incremental cost to my employer of my usage - how would you suggest that this notional benefit is assessed?
Are you suggesting that your internet access costs your employer nothing? I doubt this is the case. Maybe if people in your company only used the internet for business use, your employer would only need a 1Mb link. Here's a suggestion as to how to calculate your BIK:
Free use of fixed assets:
How much does it cost for your employer to provide you with equipment and support for your time moderating askaboutmoney?
(time you are on AAM/total time at work) * cost of providing assets = annual value of use of assets.
you would have to pay BIK on 5% of the annual value of the use of assets.
Here's a practical example from the guide:
An employer provides a computer, printer and ancillary equipment to an employee for private use at home.
The employer retains ownership of the equipment. The original cost of the equipment to the employer was €3,000. The equipment is first provided to an employee for home use on 1 January 2004 when it has
a market value of €2,500. The notional pay of the employee for the year 2004 (and subsequent years) arising from the private use of the equipment is €2,500 x 5% = €125 (€2.40 per week / €10.41 per month).
Private use of business internet access:
In a similar fashion, work out how much your internet access costs your employer (Hint: it's not free)