BTC & PTC Revision Game
A-Vic
Registered Posts: 6,970 Beyond epic contributor 🧙♂️
The Same as MAC PEV & PCR for for taxes:-
Q, What is gift aid?
Q, What is gift aid?
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Comments
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lol i sympathise with your agggghh. don't forget to ask a question. lol. although i have to be at work for 8 so i should get to bed. i'll try do more at lunch
opps got lost in the eqation lol
Q, how do you treat private use in incorparted companies when working out capital allowences0 -
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I refuse to look it up because that's cheating.
I'm not playing anymore :-( people keep trick questioning me!!!!!0 -
Yes Vic I am now well and truly kicking myself LIMITED COMPANIES!!!!!!!! Dont use the private use pool because they have a separate form as a taxable benefit to the employees.
Name 3 possible things (or more if you fancy) that need to be added back to profits to eventually generate PCTCT...0 -
Yes Vic I am now well and truly kicking myself LIMITED COMPANIES!!!!!!!! Dont use the private use pool because they have a separate form as a taxable benefit to the employees.
Name 3 possible things (or more if you fancy) that need to be added back to profits to eventually generate PCTCT...
Do you mean the adjustments to trade profits?
Depreciation
Loan written off to ex-employee, suppiler or customer
Capital expenditure
Fines (director not employee)
Genaral provisions
Q, What is PCTCT?0 -
Do you mean the adjustments to trade profits?
Depreciation
Loan written off to ex-employee, suppiler or customer
Capital expenditure
Fines (director not employee)
Genaral provisions
Q, What is PCTCT?
Yes, sorry I was a little vague. What I should have wrote was adjusted trading profits.
Profits Chargable to Corporation Tax
What are the current % rates of corporation tax for a small company and then for a large company?0 -
yes, sorry i was a little vague. What i should have wrote was adjusted trading profits.
Profits chargable to corporation tax
what are the current % rates of corporation tax for a small company and then for a large company?
300,000 - 21%
1,500,000 - 28%
A, how do you treat AIA when a six month set of accounts are produced?0 -
300,000 - 21%
1,500,000 - 28%
A, how do you treat AIA when a six month set of accounts are produced?
pro-rota it, in this instance 6/12.
part of me thought that was a trick question as there is an allowance that you dont pro rota, i'll give you a computerised tenner if you can tell me what it is, my mind is blank.
What is a wasting chattel?0 -
pro-rota it, in this instance 6/12.
part of me thought that was a trick question as there is an allowance that you dont pro rota, i'll give you a computerised tenner if you can tell me what it is, my mind is blank.
What is a wasting chattel?
A Chattle with life expectancy of 50 years or less.
Q, if PCTCT is 1 million and divendends are nil what is the marginal relief?0 -
A Chattle with life expectancy of 50 years or less.
Q, if PCTCT is 1 million and divendends are nil what is the marginal relief?
7/400 x (1,500,000 - 1,000,000) x (1,000,000 / 1,000,000)
0.0175 x 500,000 x 1
8750
I will ask a question when if you let me know if this is right or wrong!! I get brain freeze with formula's. And you was very generous with the NO dividends..... :-) Are you the examiner??? I wish you were!!0 -
7/400 x (1,500,000 - 1,000,000) x (1,000,000 / 1,000,000)
0.0175 x 500,000 x 1
8750
I will ask a question when if you let me know if this is right or wrong!! I get brain freeze with formula's. And you was very generous with the NO dividends..... :-) Are you the examiner??? I wish you were!!
me too make this exam a little better for me lol0 -
Whats the first year rule for new companies? (the dates to calculate tax due)0
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ill answer in a in...0
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I cant sorry. Only those two come into my head and i'm determined to do this from memory and not use my books. I've burned two rounds of toast on this game!!
One more just popped up, gift aid?0 -
Interest?0
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London?0
no pressure someone else put her out of her misery Categories
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