ACCA F6: Can You Pass This Taxation Test? Trivia Quiz

11 Questions | Total Attempts: 489

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ACCA F6: Can You Pass This Taxation Test? Trivia Quiz


Questions and Answers
  • 1. 
    Which of the following is the aim of taxation to discourage:
    • A. 

      Savings

    • B. 

      Donation to Charity

    • C. 

      Motoring

    • D. 

      Investment in Plant & Machinery

  • 2. 
    Taxation is _____________ where the cost of collection of taxes is relatively lower as compared to the taxes.
    • A. 

      Effective

    • B. 

      Economic

    • C. 

      Electric

    • D. 

      Efficient

  • 3. 
    A tax collected in the form of TV license fees of GBP 50 per year is an example of ______ tax.
    • A. 

      Flat

    • B. 

      Progressive

    • C. 

      Regressive

    • D. 

      Road

  • 4. 
     _______________ is not a tax imposed in UK.
    • A. 

      Sales tax

    • B. 

      Capital gains tax

    • C. 

      Income tax

    • D. 

      Corporation tax

  • 5. 
     _____________ is an example of indirect tax.
    • A. 

      Income tax

    • B. 

      Corporation tax

    • C. 

      National insurance

    • D. 

      Value added tax

  • 6. 
     __________ is an example of capital tax.
    • A. 

      Inheritance tax

    • B. 

      Corporation tax

    • C. 

      Income tax

    • D. 

      National insurance

  • 7. 
    The administrative function of collection of tax is undertaken by ____________.
    • A. 

      Revenue and Customs Prosecution Office

    • B. 

      Receivables management officers

    • C. 

      HMRC accounts office

    • D. 

      HMRC

  • 8. 
    The complex cases are heard by __________.
    • A. 

      First Tier tribunal

    • B. 

      Second Tier Tribunal

    • C. 

      Upper tribunal

    • D. 

      Appeal Tribunal

  • 9. 
    HMRC issues ______________ setting out how they intend to apply the law.
    • A. 

      Acts of parliament

    • B. 

      Statements of practice

    • C. 

      Explanatory leaflets

    • D. 

      Revenue and customs brief

  • 10. 
     ___________ are on particular types of business.
    • A. 

      Statements of practice

    • B. 

      Business economic notes

    • C. 

      Internal guidance

    • D. 

      Working together

  • 11. 
    An agreement between UK government and USA government regarding taxation of individual resident in UK and earning from USA is called _______________.
    • A. 

      Double income treaty

    • B. 

      Double taxation relief

    • C. 

      Double taxation treaty

    • D. 

      Double taxation ACT