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Summary Advanced taxation 441 - theory, case law, lecture notes Advanced Taxation MCT ADVANCED TAXATION / THEORY, CASE LAW, LECTURE NOTES 2024 1- A professional accountant is asked by her father, a partner in the firm employing her, to overstate the £15.85
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Summary Advanced taxation 441 - theory, case law, lecture notes Advanced Taxation MCT ADVANCED TAXATION / THEORY, CASE LAW, LECTURE NOTES 2024 1- A professional accountant is asked by her father, a partner in the firm employing her, to overstate the
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Summary Advanced taxation 441 - theory, case law,
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Summary Advanced Taxation 441 - Theory, Case Law,
Summary Advanced taxation 441 -
theory, case law, lecture notes
Advanced Taxation MCT
ADVANCED TAXATION / THEORY,
CASE LAW, LECTURE NOTES
2024
1- A professional accountant is asked by her father, a partner in the firm employing her,
to overstate the allowable expenses...
ADVANCED TAXATION / THEORY,
CASE LAW, LECTURE NOTES
2024
, 1- A professional accountant is asked by her father, a partner in the firm employing her,
to overstate the allowable expenses in a client's tax-adjusted accounts. He is offering to
recommend she receive a bonus payment if she does this.
Which two threats to objectivity is the professional accountant faced with in this
situation? - CORRECT ANSWER=self-interest and familiarity
A professional accountant has been asked to act for a taxpayer who is negotiating a
redundancy settlement with his employer. The employer concerned is a company which
is one of the professional accountant's existing clients. Which of the following
statements is true in this situation? - CORRECT ANSWER=There is an actual conflict
here between the company and the employee
Which two of the following are not fundamental principles as stated in the ICAEW Code
of Ethics? - CORRECT ANSWER=Professional intellect and courtesy and consideration
Governments change their tax policy to achieve 'social justice'. Which of the following
has not been an important principle of social justice in modern politics? - CORRECT
ANSWER=neutrality principle
Which of the following is an allowable expense?
A. Gift of fleece jackets to customers with trade logo costing £55 each
B. Increase in general provision for bad debts
C. Legal expenses on employment contracts;
Gift Aid donation - CORRECT ANSWER=C - Legal expenses on employment contract
Ivan and Ewan are in partnership. Their accounts include the following expenditure:
Lunch meetings with clients £1,090
Parking fines for Ivan £500
Increase in specific provision for trade bad debt £150
What are the total disallowable expenses?
A. £650
B. £1,240
C. £1,590;
D.£1,740 - CORRECT ANSWER=C - £1590
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