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WorksheetsPersonal Tax - end of module
Total questions: 20
Worksheet time: 11mins
Who has primary responsibility for submitting a correct tax return?
Yourself
The firm you work for
The taxpayer
HMRC
What should a member bring to a client's attention before the client approves a tax filing?
The client's responsibility in approving the filing as accurate and complete.
it is the accountant's responsibility in approving the filing as accurate and complete.
it is HMRC's responsibility to check that the filing is accurate and complete.
When should a member alert a client to a possible error in the client's tax affairs?
As soon as it is identified.
Before submission to HMRC.
An individual has taxable earned income of £150,400. What is his income tax liability for the tax year 2019/20
£52,680
£48,450
£67,680
£60,160
Which world leader celebrates his birthday on Christmas day?
Boris Johnson
Justin Trudea - prime minister for Canada
Scott Morrison - prime minister of Australia
Jacinda Ardern - prime minister of New Zealand
Interest from a building society account is exempt from tax?
True
False
Statutory redundancy pay of £5,000 is exempt from income tax?
True
False
A high level of control over another over the work performed would indicate what type of relationship?
Employment
Self-employement
Which country annually sends a Christmas tree to be erected in Trafalgar Square
Sweden
Switzerland
Norway
Canada
Sally is paid her bonus for the year ended 31 December 2018 in May 2019. Her bonus will be taxed partly in the tax year 2018/19 and partly in the tax year 2019/20?
True
False
If Chen Li is paid 50p a mile by his employer for business mileage, there will be no tax consequences.
True
False
Alan is a finance director of a large company and incurred the following costs during the tax year 2019/20
Which one is deductible from his employment income?
Subscription to local health club where he often meets clients.
Travel between two offices of his employer.
Tips to taxi drivers if he chooses to take taxis home from work.
Cost of two new suits bought to impress clients.
What is your star sign if you were born on Christmas day?
Aries
Virgo
Capricorn
Pisces
Furniture provided by an employer for use by an employee is taxed at 20% of the cost to the employer in the year of purchase.
True
False
Ken drives a company van. He is required to take it home every night ready for work in the morning as he frequently drives from home straight to the customer's address. He does not use it for any other private purpose. The taxable benefit is £3,430.
True
False
How many ghosts appear in the Christmas Carol?
1
2
3
4
Where the allowable expenses exceed the rental income, the loss arising can be deducted from the individual's other taxable income.
True
False
Joseph as taxable non-savings income of £13,000 and taxable savings income of £9,000 for the tax year 2019/20. He has no other income. What is Joseph's income tax liability in respect of his savings income for the tax year 2019/20
nil
£4,400
£1,800
£1,600
Sally has net income from employment and self employment for the tax year 2019/20 of £51,615. She suffered PAYE on her employment income of 4,500. What is Sally's income tax liability for 2019/20?
£3,646
£8,146
£7823
£15,646
What is the biggest Christmas selling single of all time?
White Christmas - Bing Crosby
All I want for Christmas is you - Mariah Carey
Fairytale of New York - The Pogues
Last Christmas - Wham
