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ACCA paper F6 for 2010

ACCA paper F6 for 2010

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mock test
mock test

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Published by: Arshadul Hoque Chowdhury on Aug 28, 2010
Copyright:Attribution

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05/19/2011

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ACCA REVISION MOCK
Taxation(United Kingdom)June 2010
Time allowed
Reading and planning: 15 minutesWriting: 3 hoursAll FIVE questions are compulsory and MUST be attempted.
Tax rates and allowances are on pages 3 – 5Do NOT open this paper until instructed by the supervisor.During reading and planning time only the question paper may beannotated. You must NOT write in your answer booklet untilinstructed by the supervisor.This question paper must not be removed from the examinationhall.
Kaplan Publishing/Kaplan Financial
   P   a   p   e   r   F   6    (   U   K    )
 
PAPER F6 (UK)
: TAXATION
 
(FA2009)
 
PAGE 2 OF 14
 
KAPLAN PUBLISHING
© Kaplan Financial Limited, 2010The text in this material and any others made available by any Kaplan Group company does notamount to advice on a particular matter and should not be taken as such. No reliance should beplaced on the content as the basis for any investment or other decision or in connection with anyadvice given to third parties. Please consult your appropriate professional adviser as necessary.Kaplan Publishing Limited and all other Kaplan group companies expressly disclaim all liability toany person in respect of any losses or other claims, whether direct, indirect, incidental,consequential or otherwise arising in relation to the use of such materials.All rights reserved. No part of this examination may be reproduced or transmitted in any form orby any means, electronic or mechanical, including photocopying, recording, or by any informationstorage and retrieval system, without prior permission from Kaplan Publishing.
 
TAX RATES AND ALLOWANCESKAPLAN PUBLISHING
Page 3 of 14
 
TAX RATES AND ALLOWANCES
 SUPPLEMENTARY INSTRUCTIONS
1. Calculations and workings need only be made to the nearest £.2. All apportionments should be made to the nearest month.3. All workings should be shown.
INCOME TAX
%Basic rate £1 £37,400 20Higher rate £37,401 and above 40A starting rate of 10% applies to savings income where it falls within the first £2,440 of taxableincome.
Personal allowances
£Personal allowance Standard 6,47565–74 9,49075 and over 9,640Income limit for age related allowances 22,900
Car benefit percentage
The base level of CO
2
emissions is 135 grams per kilometre.A lower rate of 10% applies to petrol cars with CO
2
emissions of 120 grams per kilometre or less.
Car fuel benefit
The base figure for calculating the car fuel benefit is £16,900.
Pension scheme limits
Annual allowance £245,000
The maximum contribution that can qualify for tax relief without evidence of earnings is
£3,600.
Authorised mileage allowances: cars
Up to 10,000 miles 40pOver 10,000 miles 25p

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