- Network Threats and Vulnerabilities, UNIS, Coursework
- Corporate Finance and Business Valuation Coursework
- 5301ELE Digital System Evaluation Coursework, Level 5, LJMU 2024
- Power Electronic Applications and Control Coursework 1 2024
- PE7007 Construction Economics, Coursework Brief – 2024/2025 , NU, UK
- Level 3 Diploma in Adult Care, Coursework, UK: Understand the application of personcentred practices in care settings
- Decide whether each of the following statements is true or false. Justify your answer in each case by giving an example or stating any general result seen at the lecture: Mathematics, Coursework, NU, UK
- 7CO03: Critically assess different ethical standpoints on people practice and the maintenance of high standards of ethical behaviour: CIPD level 7 , Coursework, UK
- SQE2: Oral Skills-Written Skills- Apply the law comprehensively to the client’s situation, identifying any ethical and professional conduct issues: Reflective Portfolio, Coursework, UK
- SQE 1 Preparation: Portfolio Assessment-analyse and reflect upon your development of the practical legal skills that the Solicitors Regulation Authority (the SRA) : Reflective Portfolio, Coursework, UK
- DSM120: Financial Data Modelling, Coursework 1, UK
- DSM070: Building the Blockchain: the chain, mining, and the consensus mechanism: Blockchain Programming, Coursework 3, UOL, UK
- FHEQ Level 7 ES5800 – Systematic review protocol In this assessment you are asked to write a systematic review protocol: Analytical skills for Environmental Managers, Coursework, BUL, UK
- FHEQ Level 7 ES5800 – Data analysis As part of your learning activities in the autumn 2023 term, you have measured reaction times using the ruler drop test among athletes: Analytical skills for Environmental Managers, Coursework, BUL, UK
- FHEQ Level 7 ES5800 – Analytical skills for Environmental Managers, Coursework, BUL, UK
- CIPD – 5CO02: Quantitative and qualitative analysis review: Evidence-based practice, Coursework, MOL, UK
- CIPD – 5CO02: You are to produce a report that provides the Senior Management team with knowledge and understanding of what evidence based practice: Evidence-based practice, Coursework, MOL, UK
- CIPD – 5CO02: Your manager has just returned from the monthly Senior Management meeting where all departmental heads have been asked to present a report: Evidence-based practice, Course Work, MOL, UK
- To apply the concepts covered during the lectures to practical reactor engineering design problems: Advanced Reaction Engineering, Coursework, LSBU, UK
- In this part of the coursework, you will determine the mechanism and develop a rate law for a catalytic reaction from experimental data: Advanced Reaction Engineering, Coursework, LSBU, UK
You work at a local firm of accountants and have been given the following case and Sasha is an employee of MTB Limited: Taxation Coursework, UO, UK
| University | University of Oxford (UO) |
| Subject | Taxation |
1. Tax efficient savings and investments
You work at a local firm of accountants and have been given the following case. Sasha is an employee of MTB Limited. During the year to 511 April 2021, she received taxable earnings of £110,000.
She pays 4% of her earnings into her employer’s occupational pension scheme and her employer matches this. During 2020/21 Alisha also received bank interest of £900 and dividends of £6,000. Sasha has no other investments.
Sasha has paid net personal pension contributions as follows: Year to 5th April 2018 Nil (Not a member of a scheme) Year to 5th April 2019 Nil (Not a member of a scheme) Year to 5th April 2020 £34,000 Year to 5th April 2021 £32,000
a) Calculate Sasha’s income tax liability for the year to 5th April 2021.
Sasha is married to Steve and they have a son aged 12. Steve has recently been made redundant and received a substantial redundancy payment. Sasha and Steve are both UK residents.
b) Draft a note to your manager, examining any possible tax planning strategies that they may wish to consider when investing these funds.
Sasha has mentioned that Steve owns a property in France but has never declared the rent received as they believe it is not taxable in the UK.
c) Briefly comment on this point and explain what action should be taken by you as Sasha and Steve’s accountant.
d) Explain how 1-01112C would determine the penalty on any unpaid tax when a source of income has been omitted from a tax return.
Buy Answer of This Assessment & Raise Your Grades
2. Choice of trading style
Simon intends to start a new business from 6 April 2020 providing consultancy advice on large high-value projects and anticipates that his profit for the year to 5 April 2021 will be £108,000. He is unsure as to whether to trade as a sole trader or set up a limited company. Simon has suggested that he would like his 19-year-old daughter, Beth, to own 4% of the business. Beth is a full-time student and does not work in the business.
a) Prepare a brief note explaining why a limited company route may be most appropriate for Simon, ignoring any taxation issues.
b) Calculate Simon’s income tax, corporation tax and national insurance liabilities for 2020/21 if i. He trades as a sole trader ii. He establishes a limited company and is paid a salary of,It £5,000 per annum with the balance of all available after fax profits distributed as a dividend to him (Ignore any shares for his daughter). Clearly show the after tax and NIC position for both options and advise which is the most tax efficient?
c) Explain the possible tax advantages and disadvantages if Simon’s daughter owns 4% of the business.
d) Simon is considering transferring his car Into the business. Simon expects that 40% of his annual mileage will be for private purposes. Explain how this will impact his income tax position under each trading option.
Do You Need Assignment of This Question
3. Inheritance tax
Alice died on 1621December 2020. On death, her estate was as follows:
Alice had been married for 22 years when in May 2011, her husband Peter died. Peter had left his entire estate to Alice.
In October 2012, Alice gifted £150,000 to her grandson and in May 2016 made a gift of £350,000 into a trust, with Alice paying any IHT liability on the gift. Alice made no other lifetime gifts.
At the time of her death, Alice had outstanding household bills of £500 and the costs of her funeral amounted to £5,000. Alice’s last will and testament leaves her entire estate to her daughter, Jenny.
a) Calculate the IHT liability arising on the gift In October 2012 and the value of the transfer.
b) Calculate the IHT liability arising on the gift in May 2016 and the value of the transfer.
c) Calculate the IHT nil rate band available and the IHT liability arising following Alice’s death on each of her lifetime gifts and her estate on death.
d) Jenny has substantial wealth before inheriting her mother’s estate. Prepare a note to advise any action that Jenny can take to pass on her Inheritance to her children In an IHT efficient way.
Buy Answer of This Assessment & Raise Your Grades
Students Assignment Help UK offers top-quality coursework writing help on Taxation. we have a group of native writers who have the relevant industry experience to write efficient coursework solutions on accounting assignments at a reasonable price. so hurry up and contact us today.
Answer
