ACCA
Applied Skills
Taxation (TX –
UK) FA2025
Exam Practice Kit
For exams in June 2025,
September 2025, December
2025 and March 2026
,Contents
Finding questions
Question index iv
Topic index x
About this Exam Practice Kit xii
Revising Taxation (TX – UK) xii
Passing the Taxation (TX – UK) exam xiii
Exam information xv
Helping you with your revision xvii
Essential skills areas to be successful in Taxation (TX – UK) xviii
Exam success skills xxii
Questions and answers
Questions 3
Answers 155
Exam Practice
Mock exam 1 (September 2016 exam updated to FA 2023)
Questions 361
Answers 377
Mock exam 2 (Specimen exam updated to FA 2023)
Questions 397
Answers 413
Mock exam 3 (December 2016 exam updated to FA 2023)
Questions 439
Answers 457
Mock exam 4 (March/June 2023 amended)
Questions 477
Answers 493
Tax Tables 509
(2 marks)
, 1 Which TWO of the following have legal force?
Revenue and Customs Brief
A Statutory Instrument
An Act of Parliament
An Extra Statutory Concession
(2 marks)
2 Fare plc wishes to appeal against the assessment of £10,000,000 of corporation tax by HM
Revenue & Customs (HMRC).
By whom is Fare plc’s appeal most likely to be heard?
By the First Tier Tribunal
By the Upper Tribunal
By the Supreme Court
By the Court of Appeal (2 marks)
3 Daren smade sa schargeable sgain sof s£50,000 son sthe ssale sof sa spainting son s30 sJune
s2023. sThis swas sDaren’s sonly sdisposal sin sthe stax syear s2023/24. sHe shad
spreviously spaid shis sincome stax sthrough sdeduction sat ssource sso shas snot shad sto
ssubmit sa sself-assessment stax sreturn.
By swhat sdate smust sDaren snotify sHM sRevenue s& sCustoms s(HMRC) sof shis
schargeability sto scapital sgains stax sin srelation sto sthe sgain smade son s30 sJune s2023
sand sby swhat sdate smust she spay sthe scapital sgains stax sliability?
Notification Payment
s s 31 sJanuary s2025 31 sJanuary s2025
s s 5 sOctober s2024 31 sJanuary s2025
s s 5 sOctober s2024 31 sJuly s2025
s s 31 sJanuary s2025 31 sJuly s2025
(2 smarks)
4 Mammoth sLtd scommenced strading son s1 sJanuary s2024. sThe scompany’s sprofits shave
sbeen:
Period £
Year sended s31 sDecember s2024 524,000
Year sended s31 sDecember s2025 867,000
Year sended s31 sDecember s2026 912,000
Throughout sall sof sthese speriods, sMammoth sLtd shad sone sassociated scompany.
What sis sthe sfirst syear sfor swhich sMammoth sLtd swill sbe srequired sto spay sits
scorporation stax sliability sby squarterly sinstalments?
s Year sended s31 sDecember s2025
s None sof sthe syears sended s31 sDecember s2024, s2025 sor s2026
s Year sended s31 sDecember s2026
s Year sended s31 sDecember s2024 (2 smarks)
Questions 3
, 5 Taxes scan sbe scapital staxes sor srevenue staxes, salthough ssome staxes sare sneither stype sof
stax.
QUESTIONS
Identify, sby sclicking son sthe srelevant sboxes sin sthe stable sbelow, sthe scorrect
sclassification sfor sthe sfollowing sthree staxes.
Value sadded stax NEITHER s TYPE CAPITAL sTAX REVENUE sTAX
Inheritance stax NEITHER s TYPE CAPITAL sTAX REVENUE sTAX
National sinsurance
NEITHER s TYPE CAPITAL sTAX REVENUE sTAX
scontributions
(2 smarks)
6 In sthe syear sended s31 sMarch s2024, sLuck sLtd shad staxable stotal sprofits sof
s£400,000 sand sreceived sthe sfollowing sdividends:
£
From sunconnected scompanies 5,200
From sa scompany sin swhich sLuck sLtd shas san s80% sshareholding 4,300
From sa scompany sin swhich sLuck sLtd shas sa s45% sshareholding 1,400
What sis sthe svalue sof sLuck sLtd’s sprofits sfor sthe syear sended s31 sMarch s2024 sfor sthe
spurposes sof sdetermining swhether sit sshould spay scorporation stax sin sinstalments?
▼
Pull sdown slist
• £405,200
• £405,700
• £406,600
• £410,900
(2 smarks)
7 Hassan sfiled shis sself-assessment stax sreturn sfor sthe stax syear s2021/22 son s31 sAugust
s2023. sThe sreturn sshowed sa stax sliability sof s£6,200, swhich sHassan spaid sin sfull son
s31 sAugust s2023.
Which sTHREE sof sthe sfollowing spenalties scould sHassan sbe scharged sin srespect sof
sthe slate sfiling sof shis sself-assessment stax sreturn? (March/June
s2022)
£100 sfixed spenalty
£900 sof sdaily spenalties
£200 sfixed spenalty
£310 stax sgeared spenalty
£620 stax sgeared spenalty
£2,120 sof sdaily spenalties (2 smarks)
8 Ruby swas srequired sto smake spayments son saccount sof s£5,000 sin stotal
stowards sher stax sliability sfor sthe stax syear s2023/24.
She spaid sboth spayments son saccount, sof s£2,500 seach, son s1 sJuly s2024.
After scompleting sher sself-assessment stax sreturn sfor sthe stax syear s2023/24, sRuby
scalculates sthat sher stax sliability sfor sthat syear sis s£7,000.
4 Taxation (TX – UK) FA2023
Applied Skills
Taxation (TX –
UK) FA2025
Exam Practice Kit
For exams in June 2025,
September 2025, December
2025 and March 2026
,Contents
Finding questions
Question index iv
Topic index x
About this Exam Practice Kit xii
Revising Taxation (TX – UK) xii
Passing the Taxation (TX – UK) exam xiii
Exam information xv
Helping you with your revision xvii
Essential skills areas to be successful in Taxation (TX – UK) xviii
Exam success skills xxii
Questions and answers
Questions 3
Answers 155
Exam Practice
Mock exam 1 (September 2016 exam updated to FA 2023)
Questions 361
Answers 377
Mock exam 2 (Specimen exam updated to FA 2023)
Questions 397
Answers 413
Mock exam 3 (December 2016 exam updated to FA 2023)
Questions 439
Answers 457
Mock exam 4 (March/June 2023 amended)
Questions 477
Answers 493
Tax Tables 509
(2 marks)
, 1 Which TWO of the following have legal force?
Revenue and Customs Brief
A Statutory Instrument
An Act of Parliament
An Extra Statutory Concession
(2 marks)
2 Fare plc wishes to appeal against the assessment of £10,000,000 of corporation tax by HM
Revenue & Customs (HMRC).
By whom is Fare plc’s appeal most likely to be heard?
By the First Tier Tribunal
By the Upper Tribunal
By the Supreme Court
By the Court of Appeal (2 marks)
3 Daren smade sa schargeable sgain sof s£50,000 son sthe ssale sof sa spainting son s30 sJune
s2023. sThis swas sDaren’s sonly sdisposal sin sthe stax syear s2023/24. sHe shad
spreviously spaid shis sincome stax sthrough sdeduction sat ssource sso shas snot shad sto
ssubmit sa sself-assessment stax sreturn.
By swhat sdate smust sDaren snotify sHM sRevenue s& sCustoms s(HMRC) sof shis
schargeability sto scapital sgains stax sin srelation sto sthe sgain smade son s30 sJune s2023
sand sby swhat sdate smust she spay sthe scapital sgains stax sliability?
Notification Payment
s s 31 sJanuary s2025 31 sJanuary s2025
s s 5 sOctober s2024 31 sJanuary s2025
s s 5 sOctober s2024 31 sJuly s2025
s s 31 sJanuary s2025 31 sJuly s2025
(2 smarks)
4 Mammoth sLtd scommenced strading son s1 sJanuary s2024. sThe scompany’s sprofits shave
sbeen:
Period £
Year sended s31 sDecember s2024 524,000
Year sended s31 sDecember s2025 867,000
Year sended s31 sDecember s2026 912,000
Throughout sall sof sthese speriods, sMammoth sLtd shad sone sassociated scompany.
What sis sthe sfirst syear sfor swhich sMammoth sLtd swill sbe srequired sto spay sits
scorporation stax sliability sby squarterly sinstalments?
s Year sended s31 sDecember s2025
s None sof sthe syears sended s31 sDecember s2024, s2025 sor s2026
s Year sended s31 sDecember s2026
s Year sended s31 sDecember s2024 (2 smarks)
Questions 3
, 5 Taxes scan sbe scapital staxes sor srevenue staxes, salthough ssome staxes sare sneither stype sof
stax.
QUESTIONS
Identify, sby sclicking son sthe srelevant sboxes sin sthe stable sbelow, sthe scorrect
sclassification sfor sthe sfollowing sthree staxes.
Value sadded stax NEITHER s TYPE CAPITAL sTAX REVENUE sTAX
Inheritance stax NEITHER s TYPE CAPITAL sTAX REVENUE sTAX
National sinsurance
NEITHER s TYPE CAPITAL sTAX REVENUE sTAX
scontributions
(2 smarks)
6 In sthe syear sended s31 sMarch s2024, sLuck sLtd shad staxable stotal sprofits sof
s£400,000 sand sreceived sthe sfollowing sdividends:
£
From sunconnected scompanies 5,200
From sa scompany sin swhich sLuck sLtd shas san s80% sshareholding 4,300
From sa scompany sin swhich sLuck sLtd shas sa s45% sshareholding 1,400
What sis sthe svalue sof sLuck sLtd’s sprofits sfor sthe syear sended s31 sMarch s2024 sfor sthe
spurposes sof sdetermining swhether sit sshould spay scorporation stax sin sinstalments?
▼
Pull sdown slist
• £405,200
• £405,700
• £406,600
• £410,900
(2 smarks)
7 Hassan sfiled shis sself-assessment stax sreturn sfor sthe stax syear s2021/22 son s31 sAugust
s2023. sThe sreturn sshowed sa stax sliability sof s£6,200, swhich sHassan spaid sin sfull son
s31 sAugust s2023.
Which sTHREE sof sthe sfollowing spenalties scould sHassan sbe scharged sin srespect sof
sthe slate sfiling sof shis sself-assessment stax sreturn? (March/June
s2022)
£100 sfixed spenalty
£900 sof sdaily spenalties
£200 sfixed spenalty
£310 stax sgeared spenalty
£620 stax sgeared spenalty
£2,120 sof sdaily spenalties (2 smarks)
8 Ruby swas srequired sto smake spayments son saccount sof s£5,000 sin stotal
stowards sher stax sliability sfor sthe stax syear s2023/24.
She spaid sboth spayments son saccount, sof s£2,500 seach, son s1 sJuly s2024.
After scompleting sher sself-assessment stax sreturn sfor sthe stax syear s2023/24, sRuby
scalculates sthat sher stax sliability sfor sthat syear sis s£7,000.
4 Taxation (TX – UK) FA2023
