Tax- Company& Vat CH-13,14,15 & CH-23,24

December 2016 OT question

Somily Ltd filed its self-assessment corporation tax return for the year ended 31 December

2022 on 15 March 2025.

What is the deadline for HM Revenue and Customs (HMRC) to start a compliance check

enquiry into somily Ltd's corporation tax return for the year ended 31 December 2022 ?

• 30 April 2026

• 31 December 2025

• 15 March 2026

• 31 January 2026

September 2016 OT question

Lili Ltd started trading on 1 January 2022. The company incurred the following

expenditure prior to 1 January 2022:

What Is the amount of Lili Ltd's deductible pre-trading expenditure in respect of the year

ended 31 December 2022?

• €10,000

• €14,000

• €27,000

• €29,000

All the companies have had the same number of associated companies for many years. None

of the companies have received any dividends.

Which Of the three companies Will NOT have to pay corporation tax by quarterly

instalments for current accounting period?

• Asher Ltd

• Barton Ltd only

• Chelfry Ltd only

• Barton Ltd and Chelfry Ltd

During the year ended 31 March 2024, Edam Ltd, a vat- registered company, purchased a second-hand lorry for €198,000

(including VAT of €33,000).

On I April 2023, Edam Ltd had a tax written down value brought forward on the main pool

of €15,000.

What are the maximum capital allowances that Edam Ltd could claim in the year ended

31 March 2024?

• €167,700

• €32,400

• €38,340

• €200,700

Assuming that Greenzme Ltd always claims the maximum capital allowances, what

capital allowances would be claimed in respect of the rate for the six

months ended 31 March 2023?

• €500,000

• €525,276

• €501,776

• €550,552

You have been given some work to complete, which includes a draft calculation of taxable

total profits for a client, Trains Ltd.

Your manager has asked you to check the following calculation and make any corrections

necessary.
The amount of interest receivable for the year was E2,OOO. In addition, the company realised

a chargeable gain of €12,000.
What is the correct amount of taxable total profits for Trains Ltd for the year ended

31 December 2023?

• €72,000

• €60,000

• €70,000

• €80,000

Shed Ltd had a tax adjusted trading profit for the year ended 31 March 2024 of E200,OOO

The company also received dividends of €5,000 from a non-group company.

What is the corporation tax payable by Shed Ltd for the year ended 31 March 2024?

• €658,956

• €38,987

• €49,341

• €789,456

During the year ended 31 March 2024, Cheddar Ltd purchased a new machine for €1OO,000.

The old machine was disposed of during May 2023 for €10,000. The old machine originally

cost €90,OOO and the super deduction was claimed when it was purchased.

On 1 April 2023, Cheddar Ltd had a tax written down value brought forward on the main pool

of €35,OOO.

What are the maximum capital allowances that Cheddar Ltd could claim in the year ended

31 March 2024?

• €65,800

• €87,900

• €96,300

• €47,700

During the year ended 31 March 2024, Swiss Ltd purchased a new car for €8,OOO, which has

zero C02 emissions. It is used by an employee 30% of the time for private purposes and 70%

of the time for business purposes.

On I April 2023, Swiss Ltd had a tax written down value brought forward on the main pool of

€20,000.

What are the maximum capital allowances that Swiss Ltd could claim in the year ended

31 March 2024?

• €5,040

• €11,600

• €9,200

• €4,608

December 2016 OT question

Modal Ltd lets out an unfurnished investment property.

During the year ended 31 December 2023, the company had rental income of E3,OOO per

month and electricity expenses (relating to the rental property) of E200 per month. The

electricity payment for December 2023 was not paid until 30 January 2024.

Modal Ltd also paid interest of EI,200 per month on a loan taken out to finance the purchase

of the rental property.

What amount of property income will be included in Modal Ltd's corporation tax

computation for the year ended 31 December 2023?

• €65,800

• €33,600

• €56,700

• €76,900