PF& taxes_9A_UK tax system

An indirect tax is a tax that is charged on:

• Income

• Spending

• Profits

• Gains

The UK tax system is administered by:

• HM Revenue and Customs

• HM Inland Revenue

• HM Customs and Excise

• The Chancellor of the Exchequer

GAAR stands for Generally Accepted Accounting Rules.

• true

• false

Which of the following is an indirect tax?

• Income tax

• Corporation tax

• Inheritance tax

• Value added tax

Which of the following is not a source of United Kingdom tax law?

• Statute law

• Case law

• Statutory instruments

• HMRC Statements of Practice

The tax year for individuals runs from:

• 1 January to the following 31 December

• 6 April to the following 5 April

• 1 April to the following 31 March

• 5 April to the following 6 April

An individual self-assessment tax return which is filed on paper must normally be filed by:

• 31 January following the tax year to which the return relates

• 31 March following the tax year to which the return relates

• 31 October following the tax year to which the return relates

• 31 December following the tax year to which the return relates

An appeal against an HMRC decision must be made in writing within:

• 30 days

• 31 days

• 45 days

• 60 days

Tax avoidance is illegal. True or False?

• True

• False

The first payment on account (POA) in relation to a self-assessment for tax year 2019-20 falls due on:

• 31 July 2020

• 31 July 2019

• 31 January 2020

• 31 January 2021