During the tax year 2014–15, Arkady received bank interest of ￡13,780 (net). He is entitledto the personal allowance of ￡10,000. What amount of income tax is payable/refundable for the tax year 2014–15?

1 .During the tax year 2014–15, Phil was paid a gross annual salary of ￡64,500. He alsoreceived taxable benefits valued at ￡4,500. What amount of Class 1 national insurance contributions will have been suffered by Philfor the tax year 2014–15?

A A ￡4,069 B B ￡4,522 C C ￡4,612 D D ￡5,477

题型: 单选题 提问时间: 2021-08-24

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2 .Melissa was born on 13 April 1975. She is self-employed and for the year ended 5 April2015 her trading profit was ￡103,900. During the tax year 2014–15, Melissa made a gift aiddonation of ￡1,200 (gross) to a national charity. What amount of personal allowance will Melissa be entitled to for the tax year 2014–15?

A A ￡7,570 B B ￡8,050 C C ￡8,650 D D ￡10,000

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3 .Shark Ltd is a wholly-owned subsidiary of Porpoise Ltd. Porpoise Ltd made a trading loss of￡120,000 for the year ended 31 March 2015. In the same year Shark Ltd made a trading profit of ￡100,000, had chargeable gains of ￡7,000and paid qualifying charitable donations of ￡4,000. Neither company has any other taxable profits or allowable losses.What is the maximum amount of group relief which Shark Ltd can claim from Porpoise Ltd in respect of the trading loss of ￡120,000 for the year ended 31 March 2015?

A A ￡100,000 B B ￡103,000 C C ￡107,000 D D ￡120,000

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4 .Vanessa and Josh have traded in partnership for several years, preparing accounts to 30 Juneeach year. Phil was admitted to the partnership on 1 November 2014. What is the basis period for Phil’s share of the partnership profits for the tax year 2014–15?

A A Year to 30 June 2014 B B 1 November 2014 to 5 April 2015 C C Year to 30 June 2015 D D 1 November 2014 to 31 October 2015

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5 .From 6 April 2011 Edward was provided with a home entertainment system by his employer.The home entertainment system had been purchased on 6 April 2011 for ￡5,200. Thecompany gave the home entertainment system to Edward on 6 April 2014 for no charge,although its market value at the time was ￡1,900. What is Edward’s taxable benefit in respect of the acquisition of the homeentertainment system for the tax year 2014–15?

A A Nil B B ￡1,040 C C ￡1,900 D D ￡2,080

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7 .From 6 April 2014 Samuel was provided with living accommodation valued at ￡143,000. Hisemployer had purchased the property in 2007 for ￡89,000. The annual value of the propertyis ￡4,600. What is Samuel’s taxable benefit in respect of the living accommodation provided forthe tax year 2014–15?

A A ￡2,210 B B ￡4,600 C C ￡6,810 D D ￡9,247

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8 .Shaun commenced self-employment on 1 January 2015, preparing accounts to 30 April.On 1 February 2015 he purchased a motor car with CO2 emission rate of 155 grams perkilometre for ￡18,750. 40% of the mileage is for private journeys. What is the maximum amount of capital allowance which Shaun can claim in respect ofthe motor car for the period ended 30 April 2015?

A A ￡300 B B ￡500 C C ￡675 D D ￡900

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9 .Sophie is self-employed and prepares accounts to 5 April. Her tax liabilities for 2014–15 areas follows: The two payments on account for the tax year 2014–15 are ￡3,240 each. No income tax has been deducted at source. What is the balancing payment which Sophia will have to make on 31 January 2016?

A A ￡1,100 B B ￡5,980 C C ￡6,123 D D ￡9,220

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10 .On 18 September 2014 Gregory sold 25,000 ￡1 ordinary shares in Daub Ltd, an unquotedtrading company, for ￡240,000. The shares had been given to Gregory by his father, Derek,on 10 June when the market value was ￡200,000. Derek had subscribed for the shares at paron 1 July 2004. Derek and Gregory elected to hold over the gain as a gift of a business asset.Gregory made no other capital disposals in 2014–15.What is Gregory’s taxable gain in respect of the sale of the shares?

A A Nil B B ￡29,000 C C ￡204,000 D D ￡215,000

题型: 单选题 提问时间: 2021-08-24

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