单选题During the year ended 31 March 2015, Luck Ltd received the following dividends: ￡ From unconnected companies 4,680 From a company in which Luck Ltd has a 80% shareholding 3,870 From a company in which Luck Ltd has a 45% shareholding 1,260 These figures are the actual cash amounts received. What is the amount of Luck Ltd’s franked investment income (FII) for the year ended 31 March 2015?

单选题Wan ceased trading on 31 December 2014, having been self-employed since 1 January 2002. On 1 January 2014,the tax written down value of her plant and machinery main pool was ￡6,200. On 10 November 2014, Wan purchased a computer for ￡1,600. All of the items included in the main pool were sold for ￡9,800 on 31 December 2014. What is the balancing charge which will arise upon the cessation of Wan’s trade?

单选题Samuel is planning to leave the UK to live overseas, having always previously been resident in the UK. He will not automatically be treated as either resident in the UK or not resident in the UK. Samuel has several ties with the UK and will need to visit the UK for 60 days each tax year. However, he wants to be not resident after he leaves the UK. For the first two tax years after leaving the UK, what is the maximum number of ties which Samuel could keep with the UK without being treated as resident in the UK?

单选题For the tax year 2014–15, what are the latest dates by which a taxpayer, who does not wish to incur a penalty,should file a self-assessment tax return on paper or online? Paper tax return Online tax return

单选题On 10 January 2015, a freehold property owned by Winifred was damaged by a fire. The property had been purchased on 29 May 2002 for ￡73,000. Winifred received insurance proceeds of ￡37,200 on 23 February 2015,and she spent a total of ￡41,700 during March 2015 restoring the property. Winifred has elected to disregard the part disposal. What is the base cost of the restored freehold property for capital gains tax purposes?

单选题The following scenario relates to questions 2630

单选题Taxes can be either capital taxes or revenue taxes, although some taxes are neither type of tax. Which is the correct classification for the following three taxes? Value added Inheritance National insurance tax tax contributions

单选题Which of the following companies will be treated as resident in the UK for corporation tax purposes? (1) A Ltd, a company incorporated in the UK, with its central management and control exercised in the UK (2) B Ltd, a company incorporated overseas, with its central management and control exercised in the UK (3) C Ltd, a company incorporated in the UK, with its central management and control exercised overseas (4) D Ltd, a company incorporated overseas, with its central management and control exercised overseas

单选题Chan died on 8 December 2014, having made a lifetime cash gift of ￡500,000 to a trust on 16 October 2013. Chan paid the inheritance tax arising from this gift. Who will be responsible for paying the additional inheritance tax arising from the gift made to the trust as a result of Chan’s death, and when will this be due?

单选题Naomi is self-employed. For the year ended 5 April 2015 she made a trading loss of ￡110,000, having made a trading profit of ￡24,000 for the year ended 5 April 2014. Naomi also had employment income of ￡92,000 for the tax year 2013–14. What is the maximum loss relief claim which Naomi can make against her total income for the tax year 2013–14?

单选题Tee Ltd is an export trading company

单选题Big-Mart Store (BMS) offered a promotion whereby each walk-in customer received a packet of tissue paper free of charge

案例分析题(a) During a tax audit in October 2017

案例分析题(d) Mrs Ink is a China tax resident

案例分析题Ashura has been employed by Rift plc since 1 January 2013. She has also been self-employed since 1 July 2015, preparing her first accounts for the nine-month period ended 5 April 2016. The following information is available for the tax year 201516: Employment (1) During the tax year 201516, Ashura was paid a gross annual salary of 56,200. (2) On 1 January 2016, Ashura personally paid two subscriptions. The first was a professional subscription of 320 paid to an HM Revenue and Customs (HMRCs) approved professional body. The second was a subscription of 680 to a health club which Ashura regularly uses to meet Rift plcs clients. Ashura was not reimbursed for the costs of either of these subscriptions by Rift plc. (3) During the tax year 201516, Ashura used her private motor car for business purposes. She drove 3,400 miles in the performance of her duties for Rift plc, for which the company paid her an allowance of 55 pence per mile. (4) During the tax year 201516, Ashura contributed 2,800 into Rift plcs HMRC registered occupational pension scheme and 3,400 (gross) into a personal pension scheme. Self-employment (1) Ashuras tax adjusted trading loss based on her draft accounts for the nine-month period ended 5 April 2016 is 3,300. This figure is before making any adjustments required for: (i) Advertising expenditure of 800 incurred during January 2015. This expenditure has not been deducted in calculating the loss of 3,300. (ii) The cost of Ashuras office (see note (2) below). (iii) Capital allowances. (2) Ashura runs her business using one of the five rooms in her private house as an office. The total running costs of the house for the nine-month period ended 5 April 2016 were 4,350. No deduction has been made for the cost of the office in calculating the loss of 3,300. (3) On 10 June 2015, Ashura purchased a laptop computer for 2,600. On 1 July 2015, Ashura purchased a motor car for 19,200. The motor car has a CO2 emission rate of 137 grams per kilometre. During the nine-month period ended 5 April 2016, Ashura drove a total of 8,000 miles, of which 2,500 were for self-employed business journeys. Other information Ashuras total income for the previous four tax years is as follows: Tax year Total income 201112 10,700 201213 10,400 201314 48,800 201415 54,300 Required:

案例分析题TAX RATES AND ALLOWANCES The following tax rates and allowances are to be used in answering the questions. Individual income tax Entrepreneurs who receive production or operation income derived from private industrial or commercial enterprises Monthly personal allowance for a China local RMB 3,500 Additional allowance for expatriate employees RMB 1,300 Individual service income Allowance each time for individual service income, income from manuscripts, royalties and rental of property RMB 4,000 and below RMB 800 Over RMB 4,000 20% Income from: Manuscripts, royalties, interest, dividends, rental of property, transfer of property, incidental income and other income 20% Donations of individuals Limited to: 30% of the taxable income; or 100% if the donation is made to certain funds approved by the government​​​​​​​ VAT pilot programme for transportation and modern services Note: The above rates are based on the pilot rules effective from 1 August 2013. The new rules effective from 1 January 2014 are not examinable in the 2014 exams.​​​​​​​ Exchange rate USD1 = RMB

案例分析题(b) Ms Gu is a China tax resident

案例分析题(b) The STP group has two companies in China, one in Shanghai and another one in Guangxi

案例分析题(a) (i) Ms Zheng has citizenship and family in China. She was seconded to work in Singapore and has not returned to China since 2012. She receives her salary in Singapore. (ii) Mr Liu is a UK citizen and is employed by a UK employer. He was seconded to China from 1 January 2017. He stayed in China for 60 days in 2017. His salary was paid in the UK. (iii) Miss Xu is a UK citizen and is not domiciled in China. She started working in China from 1 January 2012 and has not left China since. She receives interest income from a bank in the UK in 2017. Required: State, with reasons, whether the income mentioned for each of the above persons is taxable in China in the year 2017. (b) Mr Ou is a Chinese citizen who retired in 2016. During a sight-seeing visit to Malaysia in August 2017, he received winnings from a Malaysian lottery of USD200. He paid Malaysian tax of USD30 on his winnings. He filed an annual individual income tax (IIT) return, for the tax year 2017, in China, and paid the tax due before the deadline in 2018. Required: (i) State the FOUR circumstances in which individual income tax (IIT) annual self-filing is required. Note: No marks will be given for stating other. (ii) State the date by which Mr Ou would have been required to submit an annual IIT return for the year 2017. (iii) Calculate the IIT payable by Mr Ou for the year 2017.

案例分析题(c) Ms Chen is a China tax resident