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Taxation requirements for Imogen's case study

Added on -2019-09-13

This case study involves calculating Imogen's tax adjusted trading profit for the nine month period ended 30th September 2017, income tax payable for the tax year 2016-17, and national insurance contributions as an employed person for Dhissom plc and a self-employed person for the tax year 2017/18. The case study also requires advising Imogen of the consequences of not making the balancing payment for the tax year 2016/17 on the due date, assuming that the HMRC interest rate on late paid income tax is 3%.
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Taxation requirements:- All calculations and working Outs should be shows- Should be in clear English - Should include capital allowance separate computation as well (e.g. main pool, special pool) - Should be done on word documents - Should calculate (a) (b) (c) (d)
Question 1On 31 December 2016, Imogen resigned as an employee of Dhissom plc. The company had employed her as pastry chef since 2001. On 1st January 2017, Imogen was now self-employed and started running her own Indian restaurant, preparing accounts to 30thSeptember. She is now self-employed as from 01 January 2017. The following information is available for the tax year 2016/17.Employment1.During the period 6th April 2016 to 31st December 2016 Imogen’s total gross salary from her employment with Dhissom plc was £57,000. Income tax of £9,505 was deducted fromthis figure under PAYE.2.Imogen used her personal motor car for both business and private purposes during the period from 6th April 2016 to 31st December 2016 as an employee of Dhissom plc . She received no reimbursement from Dhissom plc for any of the expenditure incurred. Imogen’s total mileage during the period was 15,000 miles, shown as below: No. of milesNormal daily travel from home and workplace4,650Voluntary travel from home and workplace to turn off the fire alarm120Travel from workplace and suppliers 750Travel from home to a seconded temporary workplace for two months3,800Private travel5,680Total miles15,0003.On 1st October 2016, Dhissom plc paid £13,000 towards Imogen’s removal expenses when she permanently relocates to Taunton, to work in a restaurant owned by Dhissom plc.4.Imogen contributed 6% of her gross salary of £57,000 into Dhissom plc’s HMRC approved occupational pension scheme.

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