ACCA F6 Chapter 4

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This MCQ test is regarding the ACCA F6 Taxation paper of BPP Chapter 4 "Taxable and exempt benefits: The PAYE system".

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Feb 08, 2024

Quiz Edited by
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Feb 24, 2012

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LFTC2011

ACCA F6 Chapter 4

Excluded employees are lower paid employees and not _____________ (with certain conditions).

Lower paid employees has annual earnings of less than £_________.

Employees including directors who are not excluded employees may be referred to as

Vouchers and ______________ are taxable on all employees.

The first ____ per working days of meal vouchers are exempt.

Race plc pays £20,000 gross salary to WHY and a living accommodation which has annual value of £10,000 a year and cost £200,000 when it was purchased new in 2 years ago. The total charge to WHY for the benefit of living accommodation is:

Race plc pays £20,000 gross salary to WHY and a living accommodation which has annual value of £10,000 a year and cost £200,000 when it was purchased new in 2 years ago. WHY pays 7,500 to Race plc for this accommodation. The total charge to WHY for the benefit of living accommodation is:

There is no taxable benefit in respect of job related accommodation provided it is necessary for the proper performance of the duties or for better performance of duties or accommodation is provided due to a ________ to the employees’ security.

A person travelling abroad may claim private incidental expenses of not more than ____ for every night that he stays out of the UK.

P11D employees are taxed on expenses related to living accommodation like heating, lighting, cleaning, repair & maintenance etc. If the accommodation is job-related, the benefits are limited to _______% of employees’ earnings.

What is the taxable benefit percentage if SEE is provided with a company petrol car for his private use with CO2 emission of 155gm/km?

What is the taxable benefit percentage if SEE is provided with a company petrol car for his private use with CO2 emission of 215gm/km?

What is the taxable benefit percentage if SEE is provided with a company diesel car for his private use with CO2 emission of 155gm/km?

What is the taxable benefit percentage if SEE is provided with a company petrol car for his private use with CO2 emission of 192gm/km?

Helmet is provided with a company diesel car with CO2 emission of 139gm/km as well as fuel for private use. What will be the charge for private fuel if the list price for the car is £30,000?

Van (3400kg weight; list price £20,000) is provided to BRUSH for private use and also the fuel is provided. The CO2 emission is 250 gm/km. The benefit for van and fuel will be:

DEE had a loan outstanding at the beginning and end of tax year of £3,000. What will be the taxable benefit if this is an interest free loan?

EEE had a loan outstanding at the beginning of the tax year of £4,000. On 5^th July 2011, he re-paid all. On 5^th October, he borrowed £4,000 and on 5^th January 2011, he borrowed further £10,000. If the loan was free of interest, the taxable benefit will be __________ if average method is used.

EEE had a loan outstanding at the beginning of the tax year of £4,000. On 5^th July 2011, he re-paid all. On 5^th October, he borrowed £4,000 and on 5^th January 2011, he borrowed further £10,000. If the loan was free of interest, the taxable benefit will be __________ if strict method is used.

EEE had a loan outstanding at the beginning of the tax year of £4,000. On 5^th July 2011, he re-paid all. On 5^th October, he borrowed £4,000 and on 5^th January 2011, he borrowed further £500. If the loan was free of interest, the taxable benefit will be __________ if strict method is used.

ARE was provided an electronic gadget for his personal use in 2008 when its market value was £230. At the beginning of the tax year 2011/12, the market value was £60 and towards the end, it was valued at £70. What will be the charge to his employment income in respect of this gadget?

Additional rate taxpayers are eligible for free childcare vouchers worth £___ per week.

Which of the following benefits is not exempt on all employees:

GEE has with basic personal allowance of £7,475 will have a tax code of:

ACCA F6 Chapter 4

Excluded employees are lower paid employees and not _____________ (with certain conditions).

Lower paid employees has annual earnings of less than £_________.

Employees including directors who are not excluded employees may be referred to as

Vouchers and ______________ are taxable on all employees.

The first ____ per working days of meal vouchers are exempt.

Race plc pays £20,000 gross salary to WHY and a living accommodation which has annual value of £10,000 a year and cost £200,000 when it was purchased new in 2 years ago. The total charge to WHY for the benefit of living accommodation is:

Race plc pays £20,000 gross salary to WHY and a living accommodation which has annual value of £10,000 a year and cost £200,000 when it was purchased new in 2 years ago. WHY pays 7,500 to Race plc for this accommodation. The total charge to WHY for the benefit of living accommodation is:

There is no taxable benefit in respect of job related accommodation provided it is necessary for the proper performance of the duties or for better performance of duties or accommodation is provided due to a ________ to the employees’ security.

A person travelling abroad may claim private incidental expenses of not more than ____ for every night that he stays out of the UK.

P11D employees are taxed on expenses related to living accommodation like heating, lighting, cleaning, repair & maintenance etc. If the accommodation is job-related, the benefits are limited to _______% of employees’ earnings.

What is the taxable benefit percentage if SEE is provided with a company petrol car for his private use with CO2 emission of 155gm/km?

What is the taxable benefit percentage if SEE is provided with a company petrol car for his private use with CO2 emission of 215gm/km?

What is the taxable benefit percentage if SEE is provided with a company diesel car for his private use with CO2 emission of 155gm/km?

What is the taxable benefit percentage if SEE is provided with a company petrol car for his private use with CO2 emission of 192gm/km?

Helmet is provided with a company diesel car with CO2 emission of 139gm/km as well as fuel for private use. What will be the charge for private fuel if the list price for the car is £30,000?

Van (3400kg weight; list price £20,000) is provided to BRUSH for private use and also the fuel is provided. The CO2 emission is 250 gm/km. The benefit for van and fuel will be:

DEE had a loan outstanding at the beginning and end of tax year of £3,000. What will be the taxable benefit if this is an interest free loan?

EEE had a loan outstanding at the beginning of the tax year of £4,000. On 5th July 2011, he re-paid all. On 5th October, he borrowed £4,000 and on 5th January 2011, he borrowed further £10,000. If the loan was free of interest, the taxable benefit will be __________ if average method is used.

EEE had a loan outstanding at the beginning of the tax year of £4,000. On 5th July 2011, he re-paid all. On 5th October, he borrowed £4,000 and on 5th January 2011, he borrowed further £10,000. If the loan was free of interest, the taxable benefit will be __________ if strict method is used.

EEE had a loan outstanding at the beginning of the tax year of £4,000. On 5th July 2011, he re-paid all. On 5th October, he borrowed £4,000 and on 5th January 2011, he borrowed further £500. If the loan was free of interest, the taxable benefit will be __________ if strict method is used.

ARE was provided an electronic gadget for his personal use in 2008 when its market value was £230. At the beginning of the tax year 2011/12, the market value was £60 and towards the end, it was valued at £70. What will be the charge to his employment income in respect of this gadget?

Additional rate taxpayers are eligible for free childcare vouchers worth £___ per week.

Which of the following benefits is not exempt on all employees:

GEE has with basic personal allowance of £7,475 will have a tax code of:

EEE had a loan outstanding at the beginning of the tax year of £4,000. On 5^th July 2011, he re-paid all. On 5^th October, he borrowed £4,000 and on 5^th January 2011, he borrowed further £10,000. If the loan was free of interest, the taxable benefit will be __________ if average method is used.

EEE had a loan outstanding at the beginning of the tax year of £4,000. On 5^th July 2011, he re-paid all. On 5^th October, he borrowed £4,000 and on 5^th January 2011, he borrowed further £10,000. If the loan was free of interest, the taxable benefit will be __________ if strict method is used.

EEE had a loan outstanding at the beginning of the tax year of £4,000. On 5^th July 2011, he re-paid all. On 5^th October, he borrowed £4,000 and on 5^th January 2011, he borrowed further £500. If the loan was free of interest, the taxable benefit will be __________ if strict method is used.