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

11 Questions | By LFTC2011 | Updated: Mar 22, 2022 | Attempts: 923

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

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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