Bachelor of Business in Accounting Stage 2. Summer 2008 SECTION A
|
|
- Ethel Hodges
- 5 years ago
- Views:
Transcription
1 Cork Institute of Technology Bachelor of Business in Accounting Stage 2 (BACCT_7_Y2) Summer 2008 Taxation (Time: 3 Hours) Instructions: Answer ALL questions from Section A and ONE question from Section B. Examiners: Ms. A. Twomey Ms. M. Duggan SECTION A Q. 1 Luke and Jennifer are an Irish resident couple; they have been married for a number of years and are jointly assessed. Luke is employed as an engineer and earned a salary of 74,100 gross (PAYE deducted 14,100) for the tax year ended 31 December His employer provides him with a car which cost 34,000. In 2007 his total car mileage was 26,000 miles of which 16,500 miles were for business purposes. His employer pays all costs associated with his car. Luke also received an interest free loan of 30,000 from his employer, advanced on 1 January 2007, to assist him in the purchase of a holiday home. This loan is still outstanding at 31 December In 2007 Luke made the following payments: 1. Permanent health insurance premium of A payment of 800 under a seven year covenant to his niece who is permanently incapacitated Luke had the following additional income in 2007: (i) Dividend received from an Irish Resident Trading Company 5,280 (net of withholding tax at 20%). (ii) Interest from a bank deposit account 720 (net of DIRT at 20%). 1
2 Luke s wife Jennifer is a self employed beautician. The profit and loss account of her business for the year ended 30 September 2007 was as follows: Note Gross profit 194,000 Less expenses: Telephone Repairs 2 2,100 Interest on the payment of income tax 300 Subscriptions Salaries 4 42,000 Net profit 148,120 NOTE 1: NOTE 2: Telephone costs relate to Jennifer s home telephone and 25% of the total charge is the agreed proportion for personal use. Included in the repairs charge are: Plumbing repairs 1,400 Provision for future repairs 700 2,100 NOTE 3: Analysis of subscriptions Political party 500 NOTE 4: Salaries include wages paid to Jennifer of 28,000. Jennifer also has the following sources of income for 2007: (i) Interest on 10% national loan stock (paid gross) 1,800 (ii) Profit rents from flat let in the city 4,800 Jennifer also paid 400 for qualifying dental treatment for herself during the tax year
3 REQUIREMENT (a) Calculate the adjusted Schedule D Case 1 Income for Jennifer for tax year (5 Marks) (b) Calculate the assessable Schedule E income for Luke for tax year (3 Marks) (c) Calculate the income tax payable by Luke and Jennifer for the tax year 2007 (ignore PRSI and levies). (17 Marks) Total: 25 Marks Q. 2 Aspro Limited is an Irish registered trading company. The following information is available for the three and a half years ended 31 st December 2007: Year ended Year ended Six months Year ended ended Trading profit (loss) (205) Rental income (loss) 20 (22) 6 10 Bank deposit interest (gross) Chargeable gain/(loss) 29 (24) (as adjusted) REQUIREMENT Calculate the profits chargeable to Corporation Tax for all the above periods and the tax payable or refundable, assuming that the company claims relief for its losses as early as possible. Students should show clearly the utilisation of any losses. Total: 20 Marks 3
4 Q. 3 Dermot and his wife Amy reside in Galway. Dermot has been in business for many years. In 2007 they had the following transactions: Dermot purchased a factory building for 180,000 in November 1997, when he commenced his manufacturing business. In September 2007 he ceased trading and sold the factory for 820,000. He incurred solicitors costs in relation to the sale of 3,250. Amy acquired 20,000 Freeform plc shares on 1 st July 2000 for 4,000. On the 1 st August 2002, she bought 10,000 additional shares at a cost of 3,000. On 4 th February 2003 a bonus issue of 2 for 5 was made. On 1 st March 2007, Amy sold her entire holding of shares in Freeform plc at 4 each. Amy traded in her car for 15,000 against the purchase of a new car in April The car was purchased in January 2005 for 27,000. Her new car cost 46,000. Amy s mother died in July 2007 and bequeathed to Amy 200,000 in cash and antique jewellery valued at 29,000. In August 2007 Amy sold one of the pieces of jewellery for 4,800. This particular piece was valued at 1,900 at the time of the bequest; however, it had cost Amy s mother 2,100 in June Dermot gave a gift on 1 st September 2007 of a painting to Amy. He bought the painting in August 2001 for 86,000, and its current value is 400,000. Dermot sold his entire holding of Irish National Loan Stock on 15 th August 2007 for 12,100. He had originally acquired the loan stock for 8,900 on 15 th February REQUIREMENT (i) Calculate the Capital Gain/Loss arising on each of the disposals outlined above. (ii) Compute Dermot and Amy s Capital Gains Tax liability for (iii) State the date by which the Capital Gains Tax Liability is payable. Total: 20 Marks 4
5 Q. 4 Slice Co. Ltd. is an Irish resident company selling slicing machines. The company is registered for VAT in Ireland and had the following transactions in July 1/August Relevant Irish VAT Rate VAT Exclusive Amount SALES: To Irish Customers 21% 60,000 To EU Customers - VAT registered 21% 360,000 To EU Customers non VAT registered 21% 120,000 PURCHASES: From Irish Suppliers 21% 30,000 From EU Suppliers 21% 140,000 EXPENSES: Legal fees on the purchase of an office 21% 6,000 Petrol for company cars 21% 4,500 Diesel for company cars 21% 5,800 Hotel expenses 13.5% 5,200 Purchase of computers 21% 5,000 Light and heat 13.5% 1,800 Client entertainment 21% 5,000 Staff entertainment 21% 11,000 REQUIREMENT (a) Calculate the VAT liability of Slice Co. Ltd. for July/August (b) State the due date for payment of this VAT liability (13 Marks) (1 Mark) (c) (d) Explain the difference between the supply of VAT exempt and zero rated goods and services. (3 Marks) Under what circumstances can a business account for VAT on the cash receipts basis. (3 Marks) Total: 20 marks 5
6 SECTION B Answer one question only. Q. 5 Frank O Leary retired on 31 st August He was employed by a company for 11 years and 2 months. He received an ex-gratia payment on retirement of 61,000. Of the total service of 11 years and 2 months, 4 years comprised of foreign service. Frank also received a 8,000 tax free lump sum under the provisions of his revenue approved pension scheme. He commenced a new employment on 1 October 2007 and his salary for the three months to 31 December 2007 amounted to 15,000. Frank s aggregate remuneration for the three years to 31 st August 2007 amounted to 120,000. Frank s average rate of tax on his taxable income for the previous three years was 22.5%. Frank s salary for period from 1 st January 2007 to 31 st August 2007 amounted to 58,000. Frank is single. REQUIREMENT (a) Calculate the taxable portion of the ex-gratia payment received on retirement by Frank O Leary. (10 Marks) (b) Outline the rules to be applied in determining if an individual is resident in Ireland. ( 5 Marks) Total: 15 Marks 6
7 Q. 6 Narde Ltd. is an Irish resident trading company. The profit and loss account for the company for the year ended 31 October 2007 is as follows: Narde Ltd. Profit and Loss Account for the year ended 31 October 2007 Notes Gross profit 644,000 Income: Rental income 24,000 Dividend income from Irish tax resident companies 8,000 Bank deposit interest 10,000 (net of 20% DIRT) 42, ,000 Expenses: Salaries and wages 1 252,000 Administration expenses 2 147,000 Bad debts 3 6,360 Depreciation 8,000 Motor expenses 4 4,000 (417,360) Net profit before tax 268,640 NOTES (1) Salaries and wages include 45,000 for director s pension contributions accrued but not paid at 31 October (2) Administration expenses include the following: Donations to Green Party 9,000 Staff entertainment 3,400 Client entertainment 8,100 7
8 (3) The bad debts figure comprises of the following: Increase in general bad debt provision 4,000 Increase in specific bad debt provision 1,850 Bad debts written off 800 Bad debt recovered (290) 6,360 (4) Motor expenses relate to a company car which was leased on 1 July The car was retailing at 36,000 at the time it was leased. REQUIREMENT (a) Calculate the profits chargeable to Corporation Tax. (12 Marks) (b) What details must appear on a valid VAT invoice? (3 Marks) Total: 15 Marks 8
9 9
10 10
11 11
12 12
TAXATION FORMATION 2 EXAMINATION - AUGUST 2012
TAXATION FORMATION 2 EXAMINATION - AUGUST 2012 NOTES: You are required to answer a total of five questions. Questions 1, 2, 3 and 4 are compulsory. You are also required to answer either Question 5 or
More informationAdvanced Taxation Republic of Ireland. Sample Paper / 2018 Questions & Suggested Solutions
Advanced Taxation Republic of Ireland Sample Paper 2 2017 / 2018 Questions & Suggested Solutions NOTES TO USERS ABOUT SAMPLE PAPERS Sample papers are published by Accounting Technicians Ireland. They are
More informationACCA Certified Accounting Technician Examination Paper T9 (IRL) Preparing Taxation Computations (Irish)
Answers ACCA Certified Accounting Technician Examination Paper T9 (IRL) Preparing Taxation Computations (Irish) December 29 Answers and Marking Scheme Section A 1 C As the employee travels less than 15,
More informationAdvanced Taxation Republic of Ireland. Sample Paper 1 Questions & Suggested Solutions
Advanced Taxation Republic of Ireland Questions & Suggested Solutions NOTES TO USERS ABOUT SAMPLE PAPERS Sample papers are published by Accounting Technicians Ireland. They are intended to provide guidance
More informationAccounting Technicians Ireland
Accounting Technicians Ireland 2 nd Year Examination: August 2017 Paper: ADVANCED TAXATION (Republic of Ireland) Thursday 17 August 2017 2.30 p.m. to 5.30 p.m. INSTRUCTIONS TO CANDIDATES PLEASE READ CAREFULLY
More informationFoundations in Taxation (Ireland)
FOUNDATIONS IN ACCOUNTANCY Foundations in Taxation (Ireland) Pilot Paper Time allowed: Writing: 2 hours This paper is divided into two sections: Section A ALL TEN questions are compulsory and MUST be attempted
More informationTaxation Republic of Ireland 1 st Year Examination
Taxation Republic of Ireland 1 st Year Examination May 2016 Solutions, Examiners Comments & Marking Scheme NOTES TO USERS ABOUT THESE SOLUTIONS The solutions in this document are published by Accounting
More informationAdvanced Taxation Republic of Ireland
Advanced Taxation Republic of Ireland 2 nd Year Examination May 2015 Exam Paper, Solutions & Examiner s Comments Page 1 of 16 NOTES TO USERS ABOUT THESE SOLUTIONS The solutions in this document are published
More informationAdvanced Taxation Republic of Ireland. Sample Paper 1 Questions & Suggested Solutions
Advanced Taxation Republic of Ireland Sample Paper 1 Questions & Suggested Solutions NOTES TO USERS ABOUT SAMPLE PAPERS Sample papers are published by Accounting Technicians Ireland. They are intended
More informationPaper F6 (IRL) Taxation (Irish) Thursday 7 December Fundamentals Level Skills Module. The Association of Chartered Certified Accountants
Fundamentals Level Skills Module Taxation (Irish) Thursday 7 December 2017 Time allowed: 3 hours 15 minutes This question paper is divided into two sections: Section A ALL 15 questions are compulsory and
More informationTaxation Republic of Ireland
Taxation Republic of Ireland Sample Paper 3 Questions and Suggested Solutions Updated for the Summer and Autumn 2015 Examinations Finance (No. 2) Act 2013 NOTES TO USERS ABOUT SAMPLE PAPERS Sample papers
More informationFundamentals Level Skills Module, Paper F6 (IRL)
Answers Fundamentals Level Skills Module, Paper F6 (IRL) Taxation (Irish) 1 James and Audrey December 2013 Answers and Marking Scheme Marks (a) (i) Audrey s Schedule D Case II income for 2012 Net profit
More informationPaper F6 (IRL) Taxation (Irish) Thursday 7 June Fundamentals Level Skills Module. The Association of Chartered Certified Accountants F6 IRL ACCA
Fundamentals Level Skills Module Taxation (Irish) Thursday 7 June 2018 F6 IRL ACCA Time allowed: 3 hours 15 minutes This question paper is divided into two sections: Section A ALL 15 questions are compulsory
More informationPaper F6 (IRL) Taxation (Irish) Monday 1 December Fundamentals Level Skills Module. The Association of Chartered Certified Accountants
Fundamentals Level Skills Module Taxation (Irish) Monday 1 December 2008 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Tax rates
More informationPaper F6 (IRL) Taxation (Irish) Tuesday 2 December Fundamentals Level Skills Module. The Association of Chartered Certified Accountants
Fundamentals Level Skills Module Taxation (Irish) Tuesday 2 December 2014 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Tax rates
More informationTAXATION FORMATION 2 EXAMINATION - APRIL 2017
TAXATION FORMATION 2 EXAMINATION - APRIL 2017 NOTES: Section A - You are required to answer Questions 1, 2 and 3. Section B - You are required to answer any two out of Questions 4, 5 and 6. Should you
More informationAccounting Technicians Ireland. Paper: ADVANCED TAXATION (Northern Ireland) Thursday 17 August p.m. to 5.30 p.m.
Accounting Technicians Ireland 2 nd Year Examination: August 2017 Paper: ADVANCED TAXATION (Northern Ireland) Thursday 17 August 2017 2.30 p.m. to 5.30 p.m. INSTRUCTIONS TO CANDIDATES PLEASE READ CAREFULLY
More informationFundamentals Level Skills Module, Paper F6 (IRL)
Answers Fundamentals Level Skills Module, Paper F6 (IRL) Taxation (Irish) 1 Marie and Sean December 2014 Answers and Marking Scheme Marks (a) Marie s taxable lump sum on the termination of her employment
More informationFundamental Level Skills Module, Paper F6 (IRL) VAT on sales Tour sales Courier Food Food Food Total Exempt 23% 23% 9% 0% VAT
Answers Fundamental Level Skills Module, Paper F6 (IRL) Taxation (Irish) Section B December 2017 Answers and Marking Scheme 1 Comfort Line Ltd Value added tax (VAT) computation for July/August 2016 VAT
More informationFundamentals Level Skills Module, Paper F6 (IRL)
Answers Fundamentals Level Skills Module, Paper F6 (IRL) Taxation (Irish) Section B June 2018 Answers and Marking Scheme 1 (a) Tony Capital gains tax (CGT) liability for 2017 (1) Share disposal Index Sales
More informationFundamentals Level Skills Module, Paper F6 (IRL)
Answers Fundamentals Level Skills Module, Paper F6 (IRL) Taxation (Irish) December 2008 Answers 1 (a) Tom Dunne s Case 1 assessments: Applying the normal commencement rules, Tom s income assessable would
More informationExaminer s report F6 (IRL) Taxation December 2017
Examiner s report F6 (IRL) Taxation December 2017 General Comments There were two sections to the examination paper and all questions were compulsory. Section A consisted of 15 multiple choice questions
More informationTAXATION FORMATION 2 EXAMINATION - AUGUST 2008
TAXATION FORMATION 2 EXAMINATION - AUGUST 2008 NOTES: You are required to answer a total of five questions. Questions 1, 2, 3 and 4 are compulsory. You are also required to answer either Question 5 or
More informationTaxation Republic of Ireland
Taxation Republic of Ireland Sample Paper 2 Questions and Suggested Solutions Updated for the Summer and Autumn 2015 Examinations Finance (No. 2) Act 2013 NOTES TO USERS ABOUT SAMPLE PAPERS Sample papers
More informationFundamentals Level Skills Module, Paper F6 (IRL)
Answers Fundamentals Level Skills Module, Paper F6 (IRL) Taxation (Irish) June 215 Answers and Marking Scheme Section A 1 C 33, Current year basis for 214 is 36, less the revision downwards caused by the
More informationFoRMaTioN 2 ExaMiNaTioN - april 2018
TaxaTioN FoRMaTioN 2 ExaMiNaTioN - april 2018 NoTES: Section a - You are required to answer Questions 1, 2 and 3. Section B - You are required to answer any two out of Questions 4, 5 and 6. Should you
More informationTAXATION FORMATION 2 EXAMINATION - APRIL 2009
TAXATION FORMATION 2 EXAMINATION - APRIL 2009 NOTES: You are required to answer a total of five questions. Questions 1, 2, 3 and 4 are compulsory. You are also required to answer either Question 5 or 6.
More informationChartered Accountants Registered Auditors Taxation Consultants Corporate Restructuring Insolvency Specialists Investment Business
Chartered Accountants Registered Auditors Taxation Consultants Corporate Restructuring Insolvency Specialists Investment Business 25 Stephen Street, Sligo, Ireland T: +353 71 91 61 747 F: +353 71 91 43
More informationThe Chartered Tax Adviser Examination
The Chartered Tax Adviser Examination November 2015 Taxation of Individuals Advisory Paper TIME ALLOWED 3 ¼ HOURS The first 15 minutes is designated as reading time. During this time you may read your
More informationPaper F6 (UK) Taxation (United Kingdom) Monday 6 December Fundamentals Level Skills Module. The Association of Chartered Certified Accountants
Fundamentals Level Skills Module Taxation (United Kingdom) Monday 6 December 2010 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted.
More informationFundamentals Level Skills Module, Paper F6 (UK) 1 (a) (i) Vanessa Serve Income tax computation
Answers Fundamentals Level Skills Module, Paper F6 (UK) Taxation (United Kingdom) December 2007 Answers 1 (a) (i) Vanessa Serve Income tax computation 200607 Trading profit 52,400 Capital allowances (10,400
More informationPaper F6 (UK) Taxation (United Kingdom) Monday 7 June Fundamentals Level Skills Module. The Association of Chartered Certified Accountants
Fundamentals Level Skills Module Taxation (United Kingdom) Monday 7 June 2010 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Rates
More informationPaper F6 (IRL) Taxation (Irish) Thursday 8 June Fundamentals Level Skills Module. The Association of Chartered Certified Accountants
Fundamentals Level Skills Module Taxation (Irish) Thursday 8 June 2017 Time allowed: 3 hours 15 minutes This question paper is divided into two sections: Section A ALL 15 questions are compulsory and MUST
More informationTaxation Northern Ireland. Sample Paper 3 Questions & Suggested Solutions
Taxation Northern Ireland Sample Paper 3 Questions & Suggested Solutions INSTRUCTIONS TO CANDIDATES PLEASE READ CAREFULLY For candidates answering in accordance with the law and practice of the Northern
More informationBilly Income Tax Computation 2014/15 Non-savings income Savings income Total
December 2015 Examinations 165 ANSWERS TO EXAMPLES Chapter 1 (a) (b) (c) (d) (e) (f) Income Tax and NIC - both direct taxes Corporation tax on profits and NIC in respect of employees - both direct taxes.
More informationTX CYP. Taxation Cyprus (TX CYP) Applied Skills. Tuesday 4 December 2018 TX CYP ICPAC. Time allowed: 3 hours 15 minutes
Applied Skills Taxation Cyprus (TX CYP) Tuesday 4 December 2018 TX CYP ICPAC Time allowed: 3 hours 15 minutes This question paper is divided into two sections: Section A ALL 15 questions are compulsory
More informationTAXATION FORMATION 2 EXAMINATION - AUGUST 2010
TAXATION FORMATION 2 EXAMINATION - AUGUST 2010 NOTES: You are required to answer a total of five questions. Questions 1, 2, 3 and 4 are compulsory. You are also required to answer either Question 5 or
More informationBSc (Hons) Accounting with Business. Cohort: BACB/08/FT. Examinations for Semester I. / 2010 Semester II
BSc (Hons) Accounting with Business Cohort: BACB/08/FT Examinations for 2010 2011 Semester I / 2010 Semester II MODULE: BUSINESS TAXATION MODULE CODE: ACCF3115 Duration: 2 Hours Reading time: 15 Minutes
More informationAdvanced Taxation Republic of Ireland
Advanced Taxation Republic of Ireland 2 nd Year Examination May 2016 Exam Paper, Solutions & Examiner s Comments Page 1 of 30 NOTES TO USERS ABOUT THESE SOLUTIONS The solutions in this document are published
More informationBSc (Hons) Banking and International Finance BSc (Hons) Financial Services with Law. Examinations for Academic Year Semester II /
Programme BSc (Hons) Banking and International Finance BSc (Hons) Financial Services with Law COHORT BBIF/11B/12A /14B/FT/PT BFSL/13B/FT Examinations for Academic Year 2016 2017 Semester II / Academic
More informationPaper F6 (CYP) Taxation (Cyprus) Tuesday 3 December Fundamentals Level Skills Module. Time allowed
Fundamentals Level Skills Module Taxation (Cyprus) Tuesday 3 December 2013 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Tax rates
More informationReed Case V profits 310, ,000 Corporation tax at 25% 77,500 95,000. Group relief from VLL (58,750)
Answers Professional Level Options Module, Paper P6 (IRL) Advanced Taxation (Irish) December 2010 Answers 1 Briefing notes for a meeting with John and Martha Heaney Prepared by: Tax assistant Date: 10
More informationFundamentals Level Skills Module, Paper F6 (MWI)
Answers Fundamentals Level Skills Module, Paper F6 (MWI) Taxation (Malawi) Section B June 27 Answers and Marking Scheme Marks (a) A supply for value added tax (VAT) purposes is deemed to have occurred:
More informationPaper P6 (UK) Advanced Taxation (United Kingdom) Friday 6 December Professional Level Options Module
Professional Level Options Module Advanced Taxation (United Kingdom) Friday 6 December 2013 Time allowed Reading and planning: Writing: 15 minutes 3 hours This paper is divided into two sections: Section
More informationPaper FTX (UK) Foundations in Taxation (United Kingdom) FOUNDATIONS IN ACCOUNTANCY. Pilot Paper. The Association of Chartered Certified Accountants
FOUNDATIONS IN ACCOUNTANCY Foundations in Taxation (United Kingdom) Pilot Paper Time allowed: Writing: 2 hours This paper is divided into two sections: Section A ALL TEN questions are compulsory and MUST
More informationProfessional Level Options Module Paper P6 (IRL) 1 John Field. Memorandum
Answers Professional Level Options Module Paper P6 (IRL) Advanced Taxation (Irish) December 2014 Answers 1 John Field To: Tax manager From Tax senior Re: John Field, taxation issues Date: 3 October 2013
More informationFundamentals Level Skills Module, Paper F6 (SGP)
Answers Fundamentals Level Skills Module, Paper F6 (SGP) Taxation (Singapore) December 2015 Answers and Marking Scheme Section A 1 D An individual who has not received the Form B1 by 31 March 2015 is only
More informationTaxation I Republic of Ireland 1 st Year Examination
Taxation I Republic of Ireland 1 st Year Examination August 2010 Paper, Solutions & Examiner s Report NOTES TO USERS ABOUT THESE SOLUTIONS The solutions in this document are published by Accounting Technicians
More informationTaxation Republic of Ireland 1st Year Examination
Taxation Republic of Ireland 1st Year Examination August 2016 Exam Paper, Solutions & Examiner s Report Page 1 of 23 NOTES TO USERS ABOUT THESE SOLUTIONS The solutions in this document are published by
More informationQUESTION ONE MR. KIOGORA TOTAL TAXABLE AND TAX PAYABLE YEAR Sh.p.a. Sh.
QUESTION ONE (a) Self MR. KIOGORA TOTAL TAXABLE AND TAX PAYABLE YEAR 21 Sh.p.a. Sh. Employment income Earnings (Sh.16, x 12 months) End year bonus Road licence and insurance (private expenses) Maintenance
More informationAdvanced Taxation Republic of Ireland
Advanced Taxation Republic of Ireland nd Year Examination May 04 Exam Paper, Solutions & Examiner s Report Advanced Taxation (ROI) May 04 nd Year Paper NOTES TO USERS ABOUT THESE SOLUTIONS The solutions
More informationAnswer all questions in Section A and one question from Section B.
UNIVERSITY OF EAST ANGLIA Norwich Business School Main Series UG Examination 2012-13 PERSONAL AND CORPORATE TAXATION NBS-3A7Y Time allowed: 3 hours Answer all questions in Section A and one question from
More informationTax Exemption and Marginal Relief
Tax Exemption and Marginal Relief 07-01-18 This document should be read in conjunction with section 188 of the Taxes Consolidation Act 1997 Document last updated December 2017 Table of Contents 1. Who
More informationThe Chartered Tax Adviser Examination
The Chartered Tax Adviser Examination November 2015 Taxation of Individuals Advisory Paper Suggested Solutions Question 1 1) A Tax Manager Big Firm London AB12 3CD 31 May 2015 Mr P Johnson Blocks Group
More informationPaper F6 (IRL) Taxation (Irish) Specimen questions for June Fundamentals Level Skills Module
Fundamentals Level Skills Module Taxation (Irish) Specimen questions for June 2015 Time allowed This Reading is and not planning: a full specimen 15 minutes paper, it is a selection of specimen Writing:
More informationAdvanced Taxation ROI 2 nd Year Examination
Advanced Taxation ROI 2 nd Year Examination May 2017 Solutions, Examiners Comments & Marking Scheme NOTES TO USERS ABOUT THESE SOLUTIONS The solutions in this document are published by Accounting Technicians
More informationTaxation Reference Material Republic of Ireland. For use in First and Second Year Taxation Examinations Summer & Autumn 2010
Taxation Reference Material Republic of Ireland For use in First and Second Year Taxation Examinations Summer & Autumn 2010 1 TAXATION REFERENCE MATERIAL FOR THE 2009 TAX YEAR (To be used by candidates
More informationPaper F6 (UK) Taxation (United Kingdom) Monday 1 June Fundamentals Level Skills Module. The Association of Chartered Certified Accountants
Fundamentals Level Skills Module Taxation (United Kingdom) Monday 1 June 2009 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Rates
More information2017/18 P11D WORKING SHEET CALCULATION OF CAR/VAN BENEFITS CHARGEABLE TO DIRECTOR/ HIGHER PAID EMPLOYEE
2017/18 P11D WORKING SHEET BUSINESS NAME: DIRECTOR / PROPRIETOR NAME PAYE TAX REFERENCE NAME OF EMPLOYEE : NATIONAL INSURANCE NO: CALCULATION OF CAR/VAN BENEFITS CHARGEABLE TO DIRECTOR/ HIGHER PAID EMPLOYEE
More informationACCA P6 UK Mock Exam Tuesday 15th August 2017 Finance ACT 2016
ACCA P6 UK Mock Exam Tuesday 15th August 2017 Finance ACT 2016 Please attempt this mock exam under exam conditions in 3 hours and 15 minutes and send scanned answers to admin@accountancytube.com by deadline
More information[ ] Payments on Termination of an Office or Employment or removal from office or employment.
[05.05.19] Payments on Termination of an Office or Employment or removal from office or employment. Sections 123 and 201, and Schedule 3 of the Taxes Consolidation Act, 1997 Updated March 2016 Contents
More informationATX UK. Advanced Taxation United Kingdom (ATX UK) Strategic Professional Options. Tuesday 4 December 2018
Strategic Professional Options Advanced Taxation United Kingdom (ATX UK) Tuesday 4 December 2018 ATX UK ACCA Time allowed: 3 hours 15 minutes This question paper is divided into two sections: Section A
More informationTAXATION FORMATION 2 EXAMINATION - APRIL 2010
TAXATION FORMATION 2 EXAMINATION - APRIL 2010 NOTES: You are required to answer a total of five questions. Questions 1, 2, 3 and 4 are compulsory. You are also required to answer either Question 5 or 6.
More informationTAXS H2303: Taxation 1
Module Title: Language of Instruction: Taxation 1 in Accounting Degree English Credits: 10 NFQ Level: 7 Module Delivered In 2 programme(s) Teaching & Learning Strategies: Lectures - communication of knowledge
More informationPaper F6 (IRL) Taxation (Irish) Monday 7 June Fundamentals Level Skills Module. The Association of Chartered Certified Accountants.
Fundamentals Level Skills Module Taxation (Irish) Monday 7 June 2010 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Tax rates and
More informationPaper P6 (UK) Advanced Taxation (United Kingdom) ACCA INTERIM ASSESSMENT. Kaplan Publishing/Kaplan Financial
ACCA INTERIM ASSESSMENT Advanced Taxation (United Kingdom) 2012 Time allowed Reading and planning: 15 minutes Writing: 3 hours This paper is divided into two sections: Section A BOTH questions are compulsory
More informationACCA Paper F6 Taxation December 2015 Revision Mock
REVISION MOCK SCRIPT SUBMISSION FORM Script marking is only available to Classroom, Live Online and Distance Learning students enrolled on appropriate Kaplan courses. Name:...... Address:..............
More information5 IBTX. Business Taxation. Intermediate Level. 25 May 2004 Tuesday afternoon INSTRUCTIONS TO CANDIDATES
Intermediate Level Business Taxation 5 IBTX INSTRUCTIONS TO CANDIDATES 25 Tuesday afternoon Read this page before you look at the questions You are allowed three hours to answer this question paper. Answer
More informationPaper P6 (UK) Advanced Taxation (United Kingdom) Monday 1 June Professional Level Options Module
Professional Level Options Module Advanced Taxation (United Kingdom) Monday 1 June 2009 Time allowed Reading and planning: Writing: 15 minutes 3 hours This paper is divided into two sections: Section A
More informationSection A. 1 D All other statements are FALSE about tax evasion 2 B 21,400 (20, ,000) 3 A 49,050 (50, ) 4 B 31,250
Answers Applied Skills, TX CYP Taxation Cyprus (TX CYP) December 208 Answers and Marking Scheme Section A D All other statements are FALSE about tax evasion 2 B 2,400 (20,400 +,000) 3 A 49,050 (50,000
More informationBUDGET 2011 Budget A Summary
BUDGET 2011 Budget 2011 - A Summary Introduction Minister Brian Lenihan, T.D. in today s Budget has outlined the Government s planned budgetary adjustments for 2011 and given some further detail on some
More informationPaper F6 (UK) Taxation (United Kingdom) March/June 2017 Sample Questions. Fundamentals Level Skills Module
Fundamentals Level Skills Module Taxation (United Kingdom) March/June 2017 Sample Questions Time allowed: 3 hours 15 minutes This question paper is divided into three sections: Section A ALL 15 questions
More information(58) TAXATION Morning [ ]
All Rights Reserved THE ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA FINAL EXAMINATION JULY 2013 Time: 03 hours (58) TAXATION 20-07-2013 Morning [9.00 12.00] Instructions to candidates: (1) All questions
More informationAccounting Technicians Ireland 1 st Year: August 2017 Paper: TAXATION (Republic of Ireland) Monday 21 August a.m. to p.m.
Accounting Technicians Ireland 1 st Year: August 2017 Paper: TAXATION (Republic of Ireland) Monday 21 August 2017 09.30 a.m. to 12.30 p.m. INSTRUCTIONS TO CANDIDATES PLEASE READ CAREFULLY For candidates
More informationCHARTERED ACCOUNTANTS & REGISTERED AUDITORS
DAVID M. BREEN & CO CHARTERED ACCOUNTANTS & REGISTERED AUDITORS Suite 4, Wallace House, Maritana Gate, Waterford. Tel: 051 875222 Fax: 051 875333 E-mail: david@davidmbreen.ie Web: www.davidmbreen.ie BUDGET
More informationFundamentals Level Skills Module, Paper F6 (IRL)
Answers Fundamentals Level Skills Module, Paper F6 (IRL) Taxation (Irish) 1 Martin and Breda June 2014 Answers and Marking Scheme (a) Schedule D Case II income for 2012 and 2013 2012 Original assessment
More informationIncome Tax Examples. With & Without Pension Contributions
PENSIONS INVESTMENTS LIFE INSURANCE Income Tax Examples With & Without Pension Contributions The information and tax rates contained in this presentation are based on Irish Life s understanding of legislation
More informationPaper P6 (UK) Advanced Taxation (United Kingdom) September/December 2017 Sample Questions. Professional Level Options Module
Professional Level Options Module Advanced Taxation (United Kingdom) September/December 2017 Sample Questions Time allowed: 3 hours 15 minutes This question paper is divided into two sections: Section
More informationPaper F6 (UK) Taxation (United Kingdom) Specimen Exam applicable from September Fundamentals Level Skills Module
Fundamentals Level Skills Module Taxation (United Kingdom) Specimen Exam applicable from September 2016 Time allowed: 3 hours 15 minutes This question paper is divided into three sections: Section A ALL
More informationBUDGET 2019 TAX GUIDE
BUDGET 2019 TAX GUIDE 1 This SARS pocket tax guide has been developed to provide a synopsis of the most important tax, duty and levy related information for 2019/20. INCOME TAX: INDIVIDUALS AND TRUSTS
More informationPROFESSIONAL EXAMINATIONS INTERMEDIATE LEVEL PERSONAL TAXATION. Date
CHARTERED TAX INSTITUTE OF MALAYSIA (225750 T) (Institut Percukaian Malaysia) PROFESSIONAL EXAMINATIONS INTERMEDIATE LEVEL PERSONAL TAXATION JUNE 2018 Student Registration No. Desk No. Date Examination
More informationProfessional Level Options Module, Paper P6 (IRL) 1 Lorraine Smith. Chartered Certified Accountants. Any street Any town.
Answers Professional Level Options Module, Paper P6 (IRL) Advanced Taxation (Irish) June 2018 Answers 1 Lorraine Smith Mrs Lorraine Smith Any street Any town Re: Tax planning Dear Lorraine, Chartered Certified
More informationFundamentals Level Skills Module, Paper F6 (MWI)
Answers Fundamentals Level Skills Module, Paper F6 (MWI) Taxation (Malawi) June 203 Answers and Marking Scheme Marks (a) Calculation of capital gain or losses for the year ended 3 December 202 Office building
More information1 (a) Chris Value added tax (VAT) liability for September/October 2015 Value VAT VAT
Answers Section B 1 (a) Chris Value added tax (VAT) liability for September/October 215 Value VAT VAT rate amount Output VAT Irish customers (19, + 15,) 25, 23% 47,15 UK customers 3, % Purchases from Germany
More informationCA Proficiency 2 REPUBLIC OF IRELAND REPUBLIC OF IRELAN TAXATION REFERENCE MATERIAL FOR TAX YEAR 2015
CA Proficiency 2 PAPER 4a TAXATION II REPUBLIC OF IRELAND SUMMER 2016 (Tuesday 21 June 2016: 9:30 am 1:20 pm) 2 PAPER 4 - TAXATIOI REPUBLIC OF IRELAN TAXATION REFERENCE MATERIAL FOR TAX YEAR 2015 TAXATION
More informationProfessional Level Options Module, Paper P6 (IRL) 1 Briefing notes for meeting with Neil Crosby and Kate Harris
Answers Professional Level Options Module, Paper P6 (IRL) Advanced Taxation (Irish) June 2017 Answers 1 Briefing notes for meeting with Neil Crosby and Kate Harris Prepared for: Tax manager By: Tax senior
More informationUniversity Examinations 2012/2013 SECOND YEAR, SECOND SEMESTER EXAMINATION FOR THE DEGREE OF BACHELOR OF COMMERCE HBC 2123: INTRODUCTION TO TAXATION
University Examinations 2012/2013 SECOND YEAR, SECOND SEMESTER EXAMINATION FOR THE DEGREE OF BACHELOR OF COMMERCE HBC 2123: INTRODUCTION TO TAXATION DATE: DECEMBER 2012 TIME: 2HOURS INSTRUCTIONS: Answer
More informationHigh Income Individuals Restriction Tax Year 2010 onwards
High Income Individuals Restriction Tax Year 2010 onwards Chapter 15.02A.05 Document last reviewed May 2017 Table of Contents 1. Introduction...3 2. How Does the Restriction Work?...3 3. To Whom Does the
More informationPaper F6 (CYP) Taxation (Cyprus) Tuesday 2 June Fundamentals Level Skills Module. The Association of Chartered Certified Accountants
Fundamentals Level Skills Module Taxation (Cyprus) Tuesday 2 June 2015 Time allowed Reading and planning: 15 minutes Writing: 3 hours This paper is divided into two sections: Section A ALL 15 questions
More informationAdvanced Taxation. Northern Ireland. 2 nd Year Examination. August Exam Paper, Solutions & Examiner s Report
Advanced Taxation Northern Ireland nd Year Examination August 04 Exam Paper, Solutions & Examiner s Report Advanced Taxation (NI) August 04 nd Year Paper NOTES TO USERS ABOUT THESE SOLUTIONS The solutions
More informationACCA Paper F6 Taxation June 2015 to March 2016 sittings FA2014 Interim Assessment
INTERIM ASSESSMENT SCRIPT SUBMISSION FORM Script marking is only available to Classroom, Live Online and Distance Learning students enrolled on appropriate Kaplan courses. Name:...... Address:..............
More informationTX UK. Taxation United Kingdom (TX UK) Applied Skills. September/December 2018 Sample Questions. The Association of Chartered Certified Accountants
Applied Skills Taxation United Kingdom (TX UK) September/December 2018 Sample Questions TX UK ACCA Time allowed: 3 hours 15 minutes This question paper is divided into three sections: Section A ALL 15
More informationTaxation Reference Material Republic of Ireland. For use in First and Second Year Taxation Examinations Summer & Autumn 2012
Taxation Reference Material Republic of Ireland For use in First and Second Year Taxation Examinations Summer & Autumn 2012 1 TAXATION REFERENCE MATERIAL FOR THE 2011 TAX YEAR (To be used by candidates
More information2,320 at 10% ,950 at 20% 17,270 Income tax liability 3,222
Answers Fundamentals Level Skills Module, Paper F6 (UK) Taxation (United Kingdom) June 2009 Answers 1 (a) (i) Domingo Gomez Income tax computation 2008 09 Pensions (4,500 + 2,00) 6,800 Building society
More informationAcademic Year 2009/ Taxation. Republic of Ireland
Academic Year 2009/2010 www.accountingtechniciansireland.ie Taxation Republic of Ireland PART A CHAPTER 1: THE TAXATION SYSTEM Taxation is a major economic tool and the operation of an efficient tax system
More informationFriday 9 December 2005 (morning) EXAMINATION
NVQ/SVQ Level 4 in Accounting Preparing Personal Taxation Computations (FA 2004) (PTC) Friday 9 December 2005 (morning) EXAMINATION Time allowed 3 hours plus 15 minutes reading time Please complete the
More informationFundamentals Level Skills Module, Paper F6 (UK) Marks 1 (a) Richard Tryer Income tax computation
Answers Fundamentals Level Skills Module, Paper F6 (UK) Taxation (United Kingdom) June 204 Answers and Marking Scheme Marks (a) Richard Tryer Income tax computation 203 4 Trading profit (working ),592
More informationPaper P6 (IRL) Advanced Taxation (Irish) Monday 3 December Professional Level Options Module. The Association of Chartered Certified Accountants
Professional Level Options Module Advanced Taxation (Irish) Monday 3 December 2007 Time allowed Reading and planning: Writing: 15 minutes 3 hours This paper is divided into two sections: Section A BOTH
More informationMay 2017 Examination
May 2017 Examination PAPER 1 Personal Taxation Part II Suggested Answers ANSWER Q1 Sarah Bray Income Tax computation 2016/17 1) Non-Savings income Savings income Dividend income Employment income (W1)
More informationADVANCED TAXATION PROFESSIONAL 2 EXAMINATION - AUGUST 2008
ADVANCED TAXATION PROFESSIONAL 2 EXAMINATION - AUGUST 2008 NOTES: You are required to answer any 5 Questions. (If you provide answers to all questions, you must draw a clearly distinguishable line through
More information