SyllabusA_CSV-0.45993511807468

Question 1

What is PAYE?

Answer 1

Pay As You Earn

Question 2

Who pays Class 1A NIC?

Answer 2

Employers only

Question 3

When is Class 1A NIC due?

Answer 3

19th July following the end of the tax year.

Question 4

What is the due date for PAYE and Class 1 NIC?

Answer 4

19th of each month

Question 5

What form includes details of employee benefits?

Answer 5

P11D.

Question 6

When must the P11D form be submitted?

Answer 6

6 July following the end of each tax year.

Question 7

When is the self-employed individual tax return due online?

Answer 7

31 January after the end of the tax year.

Question 8

When is the paper return due for self-employed individuals?

Answer 8

31 October after the end of the tax year.

Question 9

What is the due date for paying self-employed tax liabilities?

Answer 9

31 January after the end of the tax year.

Question 10

When are payments on account due for self-employed individuals?

Answer 10

31 January in the tax year and 31 July after the tax year.

Question 11

When is Class 2 NIC payable?

Answer 11

31 January after the end of the tax year

Question 12

When must companies file their Corporation Tax return?

Answer 12

12 months after the end of the period.

Question 13

When must small companies pay Corporation Tax?

Answer 13

9 months and one day after the end of each accounting period.

Question 14

How do large companies pay Corporation Tax?

Answer 14

In 4 instalments: 14th of 7th

Question 15

Who is responsible for paying Class 1 NIC?

Answer 15

Employees and employers.

Question 16

What income is PAYE used for?

Answer 16

Employment income.

Question 17

What expenses are deductible for employment income?

Answer 17

Contributions to occupational pension schemes

Question 18

When must PAYE be paid by employers?

Answer 18

By the 19th of each month (22nd if electronic).

Question 19

What is included in the P11D form?

Answer 19

Details of employee benefits and expenses.

Question 20

Who must submit the P11D form?

Answer 20

Employers.

Question 21

When must the P11D form be submitted by employers?

Answer 21

By 6th July following the end of the tax year.

Question 22

When must employers pay Class 1A NIC on benefits?

Answer 22

By 19th July following the end of the tax year.

Question 23

Who pays Class 1 NIC?

Answer 23

Both employees and employers.

Question 24

When must employers pay PAYE and Class 1 NICs?

Answer 24

By the 19th of each month (22nd if electronic).

Question 25

When must Class 1A NIC be paid?

Answer 25

By 19th July following the end of the tax year.

Question 26

What is the payment deadline for self-employed tax liabilities?

Answer 26

31 January after the end of the tax year.

Question 27

When must self-employed individuals file their tax returns online?

Answer 27

By 31 January after the end of the tax year.

Question 28

When must self-employed individuals file their tax returns on paper?

Answer 28

By 31 October after the end of the tax year.

Question 29

When are payments on account due for self-employed individuals?

Answer 29

31 January in the tax year and 31 July after the tax year.

Question 30

What is the deadline for paying Class 2 NIC?

Answer 30

31 January after the end of the tax year.

Question 31

When must companies file their Corporation Tax return?

Answer 31

12 months after the end of the accounting period.

Question 32

When must small companies pay Corporation Tax?

Answer 32

9 months and one day after the end of the accounting period.

Question 33

When must large companies pay Corporation Tax?

Answer 33

In 4 instalments: 14th of 7th