PLTX FA2018 - Practice Assessment 1 - Task 1.2 b

KikiM
Registered Posts: 8
in Personal Tax
Please could someone help me with this question?
I thought the answer should be 26.4 but on the answer PDF it is 27. Is this due to rounding up?
Thanks


I thought the answer should be 26.4 but on the answer PDF it is 27. Is this due to rounding up?
Thanks


0
Comments
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CornishPixie Registered, MAAT, AATQB, AAT Licensed Accountant Posts: 117 Dedicated contributor 🌟 🐵 🌟Not sure how you got 26.4. If you follow the tables, you will see that for petrol with 132g emissions, it is 27%. As the vehicle is certified to the RDE2, then there is 0% increase from that. So 27 is the correct answer.0
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20+(130-95)/5=270
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@CornishPixie But the car is a diesel not a petrol0
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you don't . emissions up to 95g/km is 19% scale charge. for anything over it is;
20 +(1% for every 5g/km)
so for the petrol car
20+((185-95)/5)=38. However, max scale charge is 37%.
for the diesel car;
20+(130*-95)/5=27
*130 is used instead of 132, as you have to round it down!
in this case no 4% charge for diesel car as it is RDE2.
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Thank you! That was helpful0
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