Q

Calculate the taxable total profits for the year

Unit 30 Revenue and Customs Taxation Assignment Help - Unit 30 Revenue and Customs Taxation, Level 5 BTEC HND in Business
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Program: BTEC Higher National Diploma in Business

Unit Name: Unit 30 Revenue and Customs Taxation

Level: Level 5

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Task 2
Part A- Income from Self - employment

Question: Write a memorandum report advising Paul of the latest dates by which his self - assessment tax return for the tax year 2015 -16 should have been filed in order to avoid a penalty.

Part B - Income from Employment
Question: Calculate the income tax due by Beth for the period 2015 - 16.

Task 3
Required

Question 1. Calculate the taxable total profits for the year.
Question 2. Calculate tax liabilities and due payment dates
Question 3. Explain how income tax deductions are dealt with

Task 4
Part A
Required:

Question 1. Calculate Grant's capital gains tax liability for the tax year 2015-16.
Question 2. Explain why it would have been beneficial for capital gains tax purposes if Delroy had instead sold the 25,000 shares in Dub Ltd himself for £240,000 on 10 June 2015, and then gifted the cash proceeds to Grant.

Part B
Required:

Question 1. Calculate Marlon's chargeable gain for the tax year 2015-16.
Question 2. Calculate the amount of capital gains tax which could have been saved if Marlon had transferred 50% ownership of the house to Alvita prior to its disposal.

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