Blog

Please explain in the form of a written answer how the following will be dealt with in the final accounts for ‘Robson, Nixon and Armstrong’, solicitors, for the financial year ending 31 December 2020:-   a) Rent paid on 22 December 2020 for the business premises used by the firm for the period 1 January 2021 until 31 March 2021; b) A bill paid on 15 December 2020 for stationery delivered on 1 November 2020. As at 31 December 2020, 1/4 of this stationery remained unused; c) A gas bill relating to the business premises paid on 15 January 2020 for the period 1 October 2019 until 31 December 2019; and d) Work in progress as at 31 December 2020 which has been recorded but not yet billed by the firm. It is not expected that any of this time will need to be ‘written off’.

Contracts have now been exchanged and Mark has called you to say that his girlfriend would like to set up a small stall selling hamburgers at the edge of the property. No structural alterations would be Advise Mark of any potential obstacles to this, as well as identifying any permissions and consents that will be required before he can proceed with the proposal. Where you refer to a potential obstacle, please identify what steps you will take and, if applicable, what document you need to obtain and use to allow you to confirm the position to Mark.

List and explain which pre-contract searches you will take in relation to 17 County Way, Sunderland. In your answer, you must also state the reason for choosing each of the searches you Please note that there is no requirement to provide information regarding the fees payable for each search.

The accountants for Jones Brothers Limited (‘the company’) have produced the following figures relevant for calculating the company’s corporation tax for its accounting period ending 31 March 2021.   a) The company has received rental income from a tenant of £18,500. b) The company has income receipts from its business sales of £728,000; c) There are deductible capital allowances for the year of £19,750 d) The company has paid remuneration to its directors of £194,000; and e) The company has paid salaries of employees and pension payments for employees to an approved scheme totalling £155,000.   In addition to the above figures, the company has sold some surplus land and has made a chargeable gain of £133,000. It has no plans to buy any replacement business assets.            The company has paid dividends to shareholders of £75,000.            The company has made a charitable donation to its chosen charity of £5,750.            Please calculate the company’s liability for corporation tax.

As a solicitor at Holland & Co you have been instructed by John Udale, to act on the sale of Udale (Holdings) Limited. John Udale is the Managing Director and principal shareholder of the company. Holland & Co are used to acting on company sales and have a designated team of specialist corporate lawyers. Before you commence any work it becomes apparent that specialist tax advice is going to be required on the sale. When this has been pointed out to John Udale he said ‘’Hopefully you can deal with that somehow. Perhaps you can research the law? I do not want to have to go to an expensive national firm to do the job for me’’. Sadly no one at Holland & Co has anything other than a very basic knowledge of tax and certainly not the degree of knowledge that appears to be required on the sale.   What is your professional responsibility in this situation? Please consider whether John has any other preferable or more practical options for him and potentially for Holland & Co?

9.2.2 Predict TWO possible negative effects that the Olympic Games could have on the host country and environment. (4)

4.1.3 Give a short description of icons A and B, respectively.  (4) 

1.1.14 This travel show occurs annually in March in Berlin. (1)

SECTION B: MAP WORK, TOUR PLANNING AND FOREIGN EXCHANGE QUESTION 2 2.1 Study the following picture and answer the questions that follow.      Right-click on the button below to open the picture on a new page.   2.1.1 Identify the practice illustrated in the pictures above (no abbreviations). (1)

2.2.2 Mr Coetzee wants to phone his children in South Africa. It is 18:00 in China. Calculate the time in South Africa when they receive the call. (3)