《f6uk__jun_2016_ans》.pdf

Answers Fundamentals Level – Skills Module, Paper F6 (UK) Taxation (United Kingdom) June 2011 Answers 1 (a) (i) Bayle Defender – Trading profit for the year ended 30 September 2010 £ Net profit 172,400 Impairment loss 0 Gifts to customers – Clocks 3,300 – Bottles of champagne 2,480 Donations to political parties 2,900 Lease of motor car (10,360 x 15%) 1,554 Personal tax advice 600 Property expenses (46,240 x 2/5) 18,496 Parking fines 520 Professional subscription 0 Golf club membership fee 960 –––––––– Trading profit