Friday Quiz - 24/4/2020 - Quiz & Trivia

1. Bodhrán, Conga and Snare are all types of which musical instrument?

Clarinet

Drum

Flute

Trumpet

Bodhrán is an irish drum, held in one hand and most often played with a little beater, a conga drum is a tall thin drum originating in cuba, and a snare drum is a core part of a drum kit, with tight wires underneath and struck with a drumstick - often found in marching bands and similar.

Explanation

Bodhrán is an irish drum, held in one hand and most often played with a little beater, a conga drum is a tall thin drum originating in cuba, and a snare drum is a core part of a drum kit, with tight wires underneath and struck with a drumstick - often found in marching bands and similar.

2. What type of vehicle does Robert De Niro drive in the title of a 1976 Martin Scorsese film?

Bus

Car

Moped

Taxi

3. Which well-known UK business man is most closely associated with Newcastle United, Sports Direct and House of Fraser?

Richard Branson

Alan Sugar

Mike Ashley

Philip Green

4. Can you match the two parts of the album titles from the 60s?

St. Pepper's Lonely

Johnny Cash

The Dock

Highway 61

Submit

5. None of Anchor's subsidiaries paid corporation tax last year. Why?

They were able to gift aid their profits to Anchor Hanover Group, reducing the taxable amount down to nil

They didn't make a profit

A combination of all of the above

Whilst Anchor Hanover is considered to be a charity for tax purposes, none of the subsidiaries are, and therefore they are all subject to corporation tax. However, there are a number of ways that we can reduce that tax liability down to nil. The main one is by gifting any profits up to Anchor Hanover, which allows us to reinvest that profit into the charity, and eliminates the need to pay corporation tax.

Explanation

Whilst Anchor Hanover is considered to be a charity for tax purposes, none of the subsidiaries are, and therefore they are all subject to corporation tax. However, there are a number of ways that we can reduce that tax liability down to nil. The main one is by gifting any profits up to Anchor Hanover, which allows us to reinvest that profit into the charity, and eliminates the need to pay corporation tax.