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

Reviewed by Editorial Team
The ProProfs editorial team is comprised of experienced subject matter experts. They've collectively created over 10,000 quizzes and lessons, serving over 100 million users. Our team includes in-house content moderators and subject matter experts, as well as a global network of rigorously trained contributors. All adhere to our comprehensive editorial guidelines, ensuring the delivery of high-quality content.
Learn about Our Editorial Process
| By LFTC2011
L
LFTC2011
Community Contributor
Quizzes Created: 7 | Total Attempts: 2,336
| Attempts: 1,035 | Questions: 11
Please wait...
Question 1 / 11
0 %
0/100
Score 0/100
1.  _____________ is an example of indirect tax.

Explanation

Value added tax is indirect as it is collected as you spend. All other taxes are based on earnings.

Submit
Please wait...
About This Quiz
ACCA F6: Can You Pass This Taxation Test? Trivia Quiz - Quiz

Challenge your knowledge of UK taxation with the ACCA F6 quiz! Test your understanding of tax aims, efficiency, tax types, and specific tax examples like VAT and inheritance... see moretax. Ideal for finance professionals and students preparing for ACCA certification. see less

2.  _______________ is not a tax imposed in UK.

Explanation

Sales tax is applied in UK as "Value Added Tax". All other taxes are impose din UK.

Submit
3. The administrative function of collection of tax is undertaken by ____________.

Explanation

A. Revenue and customs prosecution office provides legal advise and institute and conduct criminal prosecutions in England and Wales where there has been an investigation by HMRC.

B. Officers who collect may be referred to as "Receivable Management Officers"

C. Refers unpaid amount to "Receivable Management Officers"

D. Correct: The administrative function for the collection of tax is undertaken by Her Majesty's Revenue and Customs.

Submit
4. Which of the following is the aim of taxation to discourage:

Explanation

A. Certain savings are tax free hence the taxation encourages savings.
B. Charitable donations are supported under Gift Aid Donations and Payroll Deduction Scheme
C. Correct: Motoring in respect of CO2 emission of cars is taxed and hence discouraged
D. Investment in P&M for business use is favored in Taxation

Submit
5.  __________ is an example of capital tax.

Explanation

Inheritance and capital gains taxes are capital taxes and corporation tax, income tax and national insurance are revenue taxes.

Submit
6. The complex cases are heard by __________.

Explanation

First Tier tribunal caters most cases except for complex cases which are heard by the upper tier tribunal which also caters for appeals against the decision of first tier tribunal.

Submit
7.  ___________ are on particular types of business.

Explanation

Business economic notes describe tax law regarding particular businesses (like education)

Submit
8. An agreement between UK government and USA government regarding taxation of individual resident in UK and earning from USA is called _______________.

Explanation

Double taxation treaty is a specific agreement signed between two countries. DTR or Double Taxation Relief is available when there is no Double taxation treaty.

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

Explanation

Acts of parliament is statute. Statements of practice express how HMRC intends to apply law. Explanatory leaflets explain various rules. Revenue and customs brief gives view point of HMRC on certain issues.

Submit
10. Taxation is _____________ where the cost of collection of taxes is relatively lower as compared to the taxes.

Explanation

Efficient taxation means cost of collection is minimal against the tax collected.

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

Explanation

A. Flat tax is the t ax applied at same rate according to income of individual.
B. Progressive tax is the tax charged at higher rates as a person's income increase.
C. Correct: Tax collected as a percentage of income of an individual as the income increases.
D. Road tax is a type of tax levied on motor owners.

Submit
View My Results

Quiz Review Timeline (Updated): Mar 22, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 22, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Feb 11, 2012
    Quiz Created by
    LFTC2011
Cancel
  • All
    All (11)
  • Unanswered
    Unanswered ()
  • Answered
    Answered ()
 _____________ is an example of indirect tax.
 _______________ is not a tax imposed in UK.
The administrative function of collection of tax is undertaken by...
Which of the following is the aim of taxation to discourage:
 __________ is an example of capital tax.
The complex cases are heard by __________.
 ___________ are on particular types of business.
An agreement between UK government and USA government regarding...
HMRC issues ______________ setting out how they intend to apply the...
Taxation is _____________ where the cost of collection of taxes is...
A tax collected in the form of TV license fees of GBP 50 per year is...
Alert!

Advertisement