(1). Joe is self-employed. During the year ended 5 April 2014 he purchased a motor car with CO₂ emissions of 142 grams per kilometre. The motor car is used by an employee, and 30% of the mileage is for private journeys. How will this motor car be treated when calculating Joe’s capital allowances?
A It will be kept separate, with writing down allowances at the rate of 18% subject to a private use adjustment
B It will be included in the special rate pool
C It will be included in the main pool
D It will be kept separate, with writing down allowances at the rate of 8% subject to a private use adjustment
(2). During the year ended 31 March 2014 Circle Ltd incurred leasing costs of £2,700 in respect of a motor car with CO₂ emissions of 164 grams per kilometre. How much of the leasing costs will be deductible in calculating Circle Ltd’s trading profit for the year ended 31 March 2014?
A £2,700
B £405
C £2,295
D Nil
(3). Simone uses her own motor car for business travel. During the tax year 2013-14, she drove 13,600 miles in the performance of her duties, without any reimbursement from her employer. What expense claim can Simone make?
A £6,120
B £3,400
C Nil
D £5,400
(4). Janine was provided with a new petrol powered company car on 6 February 2014. The motor car has a list price of £18,900 and an official CO₂ emission rate of 142 grams per kilometre. What is Janine’s taxable benefit in respect of the company car for the tax year 2013-14?
A £630
B £3,780
C £662
D £283
(5). Bernard is self-employed, and has a motor car which is used 60% for business mileage. During the quarter ended 31 March 2014 he spent £720 on fuel for both business and private mileage. The relevant quarterly scale charge is £354. Both figures are inclusive of VAT. How much input VAT can Bernard claim in respect of fuel for the quarter ended 31 March 2014?
A £72
B £120
C £59
D Nil