ACA Tax Compliance

Question 1

For the 2025/26 UK tax year, what is the personal allowance for an individual with total income below £100,000?

Accepted Answer

£12,570

Answer

£12,500

Answer

£11,850

Answer

£10,000

Question 2

A UK sole trader has adjusted trading profits of £60,000 for the tax year 2025/26. How much Class 4 National Insurance is payable (assuming standard rates of 6% on profits between £12,570 and £50,270, and 2% above £50,270)?

Accepted Answer

£2,456.60

Answer

£2,262.00

Answer

£3,600.00

Answer

£2,456.00

Question 3

Under UK tax law, which of the following is an exempt supply for VAT purposes?

Accepted Answer

Supply of insurance services

Answer

Sale of children's clothing

Answer

Sale of food from a restaurant

Answer

Supply of construction services for a new dwelling

Question 4

A UK company has taxable profits of £300,000 for its accounting period ending 31 March 2026. At the main rate of corporation tax of 25%, what is the corporation tax liability?

Accepted Answer

£75,000

Answer

£57,000

Answer

£60,000

Answer

£50,000

Question 5

By what date must a self-assessment tax return for the 2025/26 tax year be filed online to avoid an automatic late filing penalty?

Accepted Answer

31 January 2027

Answer

31 October 2026

Answer

5 April 2027

Answer

31 March 2027

Question 6

Which of the following capital expenditures qualifies for the Annual Investment Allowance (AIA)?

Accepted Answer

Plant and machinery for a factory

Answer

A car purchased for business use

Answer

A residential property bought for letting

Answer

Goodwill acquired in a business purchase