ACCA F6: Can You Pass This Taxation Test? Trivia Quiz
11 Questions
| Total Attempts: 531
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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
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