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Unit 1 Topic 3 (Taxation)

1 / 17

The exact definition of employee expenses used to reduce income tax liabilities is that they MUST be specifically incurred wholly:

2 / 17

Colin is aged 38, married, and earns a gross salary of £26,500 from his employment. Assuming he received no taxable benefits in kind, how much income tax did he pay?

3 / 17

UK resident who is domiciled in Italy, would not be expected to pay UK tax on which one of the following:

4 / 17

When does a person acquire their domicile of origin?

5 / 17

After utilizing their allowance, what is the tax rate for a higher rate taxpayer on income earned from dividends?

6 / 17

Colin (age 35) has a taxable income of £28,000. He receives no other income of any sort during the tax year. As a single person, what is his tax liability?

7 / 17

Where a child receives an income from an arrangement made by his or her parents, how is this taxed?

8 / 17

What category of National Insurance contributions are applicable to the profits of a sole trader?

9 / 17

What does the term ‘collecting income tax at source’ actually mean?

10 / 17

In terms of income tax, self-employed individuals are taxed based on their:

11 / 17

Who is allowed to use expenses to reduce income tax liability?

12 / 17

Each year during Autumn, several tax-related measures are introduced in the budget. These measures subsequently become effective due to the corresponding:

13 / 17

Which one of the following payments will NOT be liable to income tax?

14 / 17

Ian has not worked for 5 years, which class of National Insurance contributions should she make to maximize her entitlement to state benefits:

15 / 17

Edward is considered a UK tax resident in the preceding tax year. What is the minimum number of days he must have spent in the UK during that tax year?

16 / 17

Among the following individuals, who is most likely to be considered a UK resident for tax purposes?

17 / 17

Where an employee receives a termination payment on becoming redundant, up to what amount will the payment be free from income tax?

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