Morgan ceased trading on 30 September 2014. He prepared accounts with tax-adjustedtrading profits as follows: ￡ Year ended 31 December 2013 16,500 Nine months to 30 September 2014 10,500 Unused overlap profits brought forward from the commencement of trade were ￡1,600.What is the amount of assessable profits for tax year 2014–15?

1 .Jamie’s employer has provided him with living accommodation since 13 August 2011. The apartment had been purchased in June 2004 for ￡126,000, and was valued at ￡209,000 on 1 July 2011. Improvements costing ￡14,000 were made to the property during October 2008.On what figure will Jamie’s additional living accommodation benefit be calculated for the tax year 2014–15?

A ￡134,000 B ￡140,000 C ￡148,000 D ￡209,000

题型: 单选题 提问时间: 2021-08-24

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2 .Rose is liable to income tax at 40% and has received the following benefits during the tax year 2014–15:Childcare vouchers of ￡45 per week for 52 weeks; andLuncheon vouchers of ￡5 per day for 240 days.What is the amount of Rose’s taxable benefits for the tax year 2014–15?

A ￡884 B ￡1,200 C ￡2,084 D ￡3,540

题型: 单选题 提问时间: 2021-08-24

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3 .Charles commenced employment on 1 July 2014 on an annual salary of ￡35,000. He was immediately provided with a diesel company car with a list price of ￡20,000 and CO2 emissions of 160 grams per kilometre. Charles pays for all his private fuel.What is Charles’s car benefit for the tax year 2014–15?

A ￡3,750 B ￡4,200 C ￡5,000 D ￡5,600

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4 .Malachi commenced trading on 1 September 2014 preparing his first set of accounts for the nine months to 31 May 2015. On 1 November 2014 Malichi purchased a car with emissions of 130grams per kilometre for ￡21,000. 40% of the mileage is for private journeys.What is the maximum amount of capital allowance available for the car for the nine months ended 31 May 2015?

A ￡756 B ￡1,134 C ￡1,701 D ￡2.268

题型: 单选题 提问时间: 2021-08-24

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5 .Alan began trading on 1 October 2013 preparing accounts to 30 September each year. Heprepared accounts with tax-adjusted trading profits asfollows: ￡ Year ended 30 September 2014 19,660 Year ended 30 September 2015 22,440 What amount of profits will Alan be assessed on for tax year 2013–14?

A ￡9,830 B ￡11,220 C ￡19,660 D ￡22,440

题型: 单选题 提问时间: 2021-08-24

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7 .During his accounting year ended 31 May 2015 Cedric incurred leasing costs of ￡3,100 in respect of a motor car with CO2 emissions of 125 grams per kilometre.How much of the leasing costs will be deductible in calculating Cedric’s adjusted trading profit for the year ended 31 May 2015?

A ￡3,100 B ￡2,635 C ￡465 D Nil

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8 .Pearl commenced trading on 1 January 2014 making up her first set of accounts to 28February 2015. Her tax-adjusted profits after capital allowances are as follows: ￡ Period ended 28 February 2015 49,700 Year ending 28 February 2016 33,000 (estimate) What is Pearl’s trading profit for the tax year 2014–15?

A ￡49,700 B ￡48,308 C ￡42,600 D ￡33,000

题型: 单选题 提问时间: 2021-08-24

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9 .Joseph is self-employed. During the year ended 5 April 2015 he bought a motor car with CO? emissions of 135 grams per kilometre. The motor car is used by an employee, and 40% of the mileage is for private journeys.How should Joseph treat the motor car in calculating capital allowances?

A As a separate item at the main rate with a private use adjustment B Included in the special rate pool C Included in the main pool D As a separate item at the special rate with a private use adjustment

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10 .The written down values brought forward on Deborah’smain pool of assets at 6 April 2014 was ￡32,000. The balance on the special rate pool at 6 April2014 was ￡15,000.During the year to 5 April 2015, Deborah spent ￡7,000 on equipment and sold main pool plant for ￡6,000 (originalcost ￡8,000).What is the maximum amount of capital allowances which Deborah can claim for the year to 5 April 2015?

A ￡7,140 B ￡11,680 C ￡12,520 D ￡12,880

题型: 单选题 提问时间: 2021-08-24

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