ACCA考试F6税务（United+Kingdom）真题2015年6月及答案解析.doc

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1、ACCA 考试 F6 税务（United+Kingdom）真题 2015 年 6 月及答案解析(总分：99.99，做题时间：180 分钟)一、SUPPLEMENTARY INSTRU(总题数：1，分数：0.00)二、Section A ALL 15 q(总题数：15，分数：30.00)1.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 gi

2、ft. Who will be responsible for paying the additional inheritance tax arising from the gift made to the trust as a result of Chans death, and when will this be due?（分数：2.00）A.The trustees on 30 June 2015B.The personal representatives of Chans estate on 8 June 2015C.The personal representatives of Ch

3、ans estate on 30 June 2015D.The trustees on 8 June 20152.Violet Ltd provides one of its directors with a company motor car which is used for both business and private mileage.For the quarter ended 31 March 2015, the total cost of petrol for the car was 600, of which 30% was for private use by the di

4、rector. The relevant quarterly scale charge is 408. Both these figures are inclusive of value added tax (VAT). What output VAT and input VAT entries will Violet Ltd include on its VAT return for the quarter ended 31 March 2015 in respect of the company motor car?（分数：2.00）A.Output VAT of 68 and input

5、 VAT of 70B.Output VAT of Nil and input VAT of 70C.Output VAT of Nil and input VAT of 100D.Output VAT of 68 and input VAT of 1003.For the tax year 201415, Nog has a chargeable gain of 23,700 and a capital loss of 10,400. She has unused capital losses of 6,100 brought forward from the tax year 201314

6、. What amount of capital losses can Nog carry forward to the tax year 201516?（分数：2.00）A.3,800B.NilC.6,100D.2,3004.For the year ended 30 November 2014, Mixiness Ltd has taxable total profits of 1,380,000 and franked investment income (FII) of 240,000. Mixiness Ltd does not have any associated compani

7、es. What is Mixiness Ltds corporation tax liability for the year ended 30 November 2014?（分数：2.00）A.351,000B.299,000C.308,200D.289,8005.Which of the following statements correctly explains the difference between tax evasion and tax avoidance?（分数：2.00）A.Both tax evasion and tax avoidance are illegal,

8、but tax evasion involves providing HM Revenue and Customs with deliberately false informationB.Tax evasion is illegal, whereas tax avoidance involves the minimisation of tax liabilities by the use of any lawful meansC.Both tax evasion and tax avoidance are illegal, but tax avoidance involves providi

9、ng HM Revenue and Customs with deliberately false informationD.Tax avoidance is illegal, whereas tax evasion involves the minimisation of tax liabilities by the use of any lawful means6.Quinn will not make the balancing payment in respect of her tax liability for the tax year 201314 until 17 October

10、 2015. What is the total percentage of penalty which Quinn will be charged by HM Revenue and Customs (HMRC) in respect of the late balancing payment for the tax year 201314?（分数：2.00）A.15%B.10%C.5%D.30%7.Which classes of national insurance contribution is an employer responsible for paying?（分数：2.00）A

11、.Both class 2 and class 4B.Class 1 onlyC.Both class 1 and class 1AD.Class 2 only8.Alice is in business as a sole trader. On 13 May 2014, she sold a freehold warehouse for 184,000, and this resulted in a chargeable gain of 38,600. Alice purchased a replacement freehold warehouse on 20 May 2014 for 14

12、3,000.Where possible, Alice always makes a claim to roll over gains against the cost of replacement assets. Both buildings have been, or will be, used for business purposes by Alice. What is the base cost of the replacement warehouse for capital gains tax purposes?（分数：2.00）A.181,600B.104,400C.143,00

13、0D.102,0009.For the tax year 201314, Willard filed a paper self-assessment tax return on 10 August 2014. What is the deadline for Willard to make an amendment to his tax return for the tax year 201314, and by what date will HM Revenue and Customs (HMRC) have to notify Willard if they intend to carry

14、 out a compliance check into this return? Amendment Compliance check （分数：2.00）A.10 August 2015 31 January 2016B.10 August 2015 10 August 2015C.31 January 2016 10 August 2015D.31 January 2016 31 January 201610.For the tax year 201415, Chi has a salary of 53,000. She received child benefit of 1,771 du

15、ring this tax year. What is Chis child benefit income tax charge for the tax year 201415?（分数：2.00）A.1,771B.NilC.1,240D.53111.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

16、 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 with

17、out being treated as resident in the UK?（分数：2.00）A.OneB.FourC.TwoD.Three12. Which of the following are NOT deducted when calculating the value of a persons chargeable estate for inheritance tax purposes? (1) An outstanding repayment mortgage (2) Funeral expenses (3) An outstanding interest-only mort

18、gage (4) An outstanding endowment mortgage (5) A verbal promise to pay a friends debt (6) Credit card debts（分数：2.00）A.1, 2 and 6B.4 and 5C.3 and 5D.1, 3 and 413.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

19、year ended 5 April 2014. Naomi also had employment income of 92,000 for the tax year 201314. What is the maximum loss relief claim which Naomi can make against her total income for the tax year 201314?（分数：2.00）A.74,000B.50,000C.110,000D.29,00014.Abduls tax liabilities for the tax years 201314 and 20

20、1415 are as follows: （分数：2.00）A.310B.1,830C.430D.Nil15.Ten Ltd is the parent company for a group of companies. The group structure is as follows: （分数：2.00）A.They form a group for both group relief and chargeable gains purposesB.They form a group for group relief purposes but not for chargeable gains

21、 purposesC.They form a group for chargeable gains purposes but not for group relief purposesD.They do not form a group for either group relief or chargeable gains purposes三、Section B ALL SIX (总题数：6，分数：70.00)1.Zoe died on 17 February 2015. She had made the following gifts during her lifetime: (1) On

22、7 March 2010, Zoe made a cash gift of 270,000 to her son as a wedding gift when he got married. (2) On 21 June 2010, Zoe made a cash gift of 620,000 to a trust. Zoe paid the inheritance tax arising from this gift. Zoes husband had died on 25 July 2007, and 20% of his inheritance tax nil rate band of

23、 300,000 for the tax year 200708 was not used. The nil rate band for the tax year 200910 is 312,000, and for the tax year 201011 it is 325,000. Required:（分数：10.00）(1).(a) Explain why it is important to differentiate between potentially exempt transfers and chargeable lifetime transfers for inheritan

24、ce tax purposes. (2 marks)（分数：5.00）_(2).(b) Calculate the additional inheritance tax which will be payable in respect of the gift made to the trust as a result of Zoes death. (8 marks)（分数：5.00）_2.Luna Ltd had the following transactions in shares during the year ended 31 March 2015: (1) On 29 Novembe

25、r 2014, Luna Ltd sold its entire shareholding of 1 ordinary shares in Pluto plc for 53,400.Luna Ltd had originally purchased 16,000 shares in Pluto plc on 14 June 2008 for 36,800. On 22 May 2010,Luna Ltd sold 10,000 of the shares for 46,200. Retail price indices (RPIs) are as follows: June 2008 2168

26、 May 2010 2236 November 2014 2570 (2) On 12 February 2015, Luna Ltds shareholding in Asteroid plc was taken over by Comet plc. Luna Ltd had originally purchased 10,000 1 ordinary shares in Asteroid plc, and their indexed cost on 12 February 2015 was 33,000. Under the terms of the takeover, for each

27、of its 1 ordinary shares in Asteroid plc, Luna Ltd received 650 in cash plus one 1 ordinary share in Comet plc. Immediately after the takeover, Comet plcs 1 ordinary shares were quoted at 450. Required:（分数：10.00）(1).(a) Explain how the indexation allowance can be used when a company makes a capital

28、loss, or where the indexation allowance is greater than a companys unindexed gain. (2 marks)（分数：5.00）_(2).(b) Calculate the chargeable gain arising from each of Luna Ltds transactions in shares during the year ended 31 March 2015. Note: When calculating the chargeable gain arising from the disposal

29、of the shareholding in Pluto plc, you should show full workings for the share pool. (8 marks)（分数：5.00）_16.3.You should assume that todays date is 15 March 2014. Fergus was born on 19 July 1971. He is currently self-employed, and if he continues to trade on a self-employed basis, his total income tax

30、 liability and national insurance contributions (NIC) for the tax year 201415 will be 33,985. However, Fergus is considering incorporating his business on 6 April 2014. The forecast taxable total profits of the new limited company for the year ended 5 April 2015 are 100,000 (before taking account of

31、 any directors remuneration). Fergus will pay himself gross directors remuneration of 18,000 and net dividends of 40,000. The balance of the profits will remain undrawn within the new company. Required:Determine whether or not there will be an overall saving of tax and national insurance contributio

32、ns (NIC) for the year ended 5 April 2015 if Fergus incorporates his business on 6 April 2014. Notes: 1. You are expected to calculate the income tax payable by Fergus, the class 1 NIC payable by Fergus and the new limited company, and the corporation tax liability of the new limited company for the

33、year ended 5 April 2015. 2. You should assume that the rates of corporation tax remain unchanged.(10 marks)（分数：10.00）_4.Zim has been registered for value added tax (VAT) since 1 April 2005. The following information is available for the year ended 31 March 2015: (1) Sales invoices totalling 126,000

34、were issued, of which 115,200 were in respect of standard rated sales and 10,800 were in respect of zero rated sales. Zims customers are all members of the general public. (2) On 31 March 2015, Zim wrote off two impairment losses which were in respect of standard rated sales. The first impairment lo

35、ss was for 780, and was in respect of a sales invoice which had been due for payment on 15 August 2014. The second impairment loss was for 660, and was in respect of a sales invoice which had been due for payment on 15 September 2014. (3) Purchase invoices totalling 49,200 were received, of which 43

36、,200 were in respect of standard rated purchases and 6,000 were in respect of zero rated purchases. (4) Rent of 1,200 is paid each month. During the year ended 31 March 2015, Zim made 13 rental payments because the invoice dated 1 April 2015 was paid early on 31 March 2015. This invoice was in respe

37、ct of the rent for April 2015. (5) During the year ended 31 March 2015, Zim spent 2,600 on mobile telephone calls, of which 40% related to private calls. (6) During the year ended 31 March 2015, Zim spent 1,560 on entertaining customers, of which 240 was in respect of overseas customers. All of the

38、above figures are inclusive of VAT where applicable. The expenses referred to in notes (4), (5) and (6) are all standard rated. Zim does not use either the cash accounting scheme or the flat rate scheme. He has forecast that for the year ended 31 March 2016, his total sales will be the same as for t

39、he year ended 31 March 2015. Required:（分数：9.99）(1).(a)Calculate the amount of value added tax (VAT) payable by Zim for the year ended 31 March 2015. Note: You should indicate by the use of zero any items referred to in notes (1) to (6) where there is no VAT impact.(6 marks)（分数：3.33）_(2).(b) Explain

40、why Zim will be permitted to use the VAT flat rate scheme from 1 April 2015, and state the circumstances in which he will have to leave the scheme. (2 marks)（分数：3.33）_(3).(c) Explain whether or not it would have been beneficial for Zim to have used the VAT flat rate scheme for the year ended 31 Marc

41、h 2015. Notes: 1. You should assume that the relevant flat rate scheme percentage for Zims trade would have been 12% throughout the whole of the year ended 31 March 2015. 2. Your answer for this part of the question should be supported by appropriate calculations. (2 marks)（分数：3.33）_5.Retro Ltds sum

42、marised statement of profit or loss for the year ended 31 March 2015 is as follows: Note 2 Impairment loss On 31 March 2015, Retro Ltd wrote off an impairment loss of 1,600 relating to a trade debt. This was in respect of an invoice which had been due for payment on 10 November 2014. Note 3 Leasing

43、costs The leasing costs of 4,400 are in respect of a motor car lease which commenced on 1 April 2014. The leased motor car has CO2 emissions of 145 grams per kilometre. Note 4 Other expenses The figure of 205,160 for other expenses includes a fine of 5,100 for a breach of health and safety regulatio

44、ns,and legal fees of 4,860 in connection with the defence of Retro Ltds internet domain name. The remaining expenses are all fully allowable. Note 5 Interest payable The interest payable is in respect of the companys 5% loan notes which were repaid on 31 July 2014. Interest of 9,600 was paid on 31 J

45、uly 2014, and an accrual of 3,200 had been provided for at 1 April 2014. The loan notes were issued in order to finance the companys trading activities. Additional information Plant and machinery On 1 April 2014, the tax written down value of the plant and machinery main pool was 39,300. The followi

46、ng vehicles were purchased during the year ended 31 March 2015: Previous results Retro Ltd commenced trading on 1 September 2012. The companys results for its two previous periods of trading are as follows: （分数：15.00）(1).(a) Calculate Retro Ltds tax adjusted trading loss for the year ended 31 March 2015. Note: Your computation should commence with the loss before taxation figure of 120,000, and should also list all of the items referred to in notes (1) to (5), indicating by the use of zero (0) any items which do not require adjustment. (9 marks)（分数：5.00）_