Extras

Question 1

what does the HMRC collect?

Answer 1

Collect and admin - IT,GCT NIC CT and VAT
Pay and admin child benefits, minimum wage
collect repayments of student loan

Question 2

What is the charge if expensive accommodation?

Answer 2

interest x (cost - 75,000)

Question 3

when can directors claim job-related accommodation

Answer 3

own less 5% , they work full time or company is non profit

Question 4

PAYE system - when is IT and NICs collected

Answer 4

19th each month

Question 5

What is the trading allowance

Answer 5

£1000

Question 6

Business - CO2 > 110g/km and private use

Answer 6

85% x hire change x business %

Question 7

Goods for private use must reflect

Answer 7

selling price not cost

Question 8

disposal value is limited to

Answer 8

sales proceeds limits to original cost

Question 9

what is a short tax return

Answer 9

employees, pensioners and sole traders with turnover

Question 10

simple assessment

Answer 10

no need to submit a tax return

payable 31/1

Question 11

Errors by HMRC

Answer 11

with 9 months of actual filing date

Question 12

Tax payer time to amend tax return

Answer 12

12 months of normal sub date (31/1)

Question 13

Overpayment relief

Answer 13

4 years of end of the tax year

Question 14

When does HMRC send out returns for Corp tax ?

Answer 14

31/12

Question 15

interest on tax paid late (corp tax)

Answer 15

between the due date and payment date (not on them)