subject : tax accounting

i will vote up for correct answer

1.1 HMRC issued a notice to file a tax return for the tax year 2019/20 to Adnan on 16 May 2020.

A similar notice was issued to his wife Faisal on 14 December 2020.

Required:

Which one is the deadlines for filing Adnan and Faisal's tax returns for 2019/20 if they both submit electronically?

A Adnan on 31 October 2020 and Faisal on 31 January 2021 B Both returns on 31 January 2021 C Adnan on 31 October 2021 and Faisal on 13 March 2021 DAdnan on 31 January 2021 and Faisal on 13 March 2021

0.4 Marks

1.2 Vivek plc prepares accounts to 31 July each year. On 30 September 2019 Vivek plc was given notice by HM Revenue & Customs (HMRC) to submit its corporation tax return for the year ended 31 July 2019.

The return was submitted on 1 October 2020. Vivek plc was late submitting its return for the year ended 31 July 2017 but submitted its return for the year ended 31 July 2018 on time.

What is the maximum penalty payable by Vivek plc as a result of the late submission of its return for the year ended 31 July 2019?

A. 100 B. 300 C. 600 D. 1,000

0.3 Marks

Amanda is a sole trader who prepares accounts to 5 April each year. In the period ended 5 April 2020 she leased a motor car with CO2 emissions of 120g/km. The leasing costs were 4,200. Amanda drove 12,000 miles in the car during the period, of which 3,600 were private use miles. What is the net amount of the leasing costs which will be allowed in the adjustment of profits calculation?

1. A. 2,499

2. B. 1,071

3. C. 2,940

4. D. 3,570