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论文题目：关于英国税的课程的论文，案例形式。
论文语种：英文
您的研究方向：国际会计与金融
是否有数据处理要求：是
您的国家：英国
您的学校背景：英国伦敦南岸大学。排名不怎么样，不过这个专业的排名好一些
要求字数：6000
论文用途：本科课程论文 BA Assignment
是否需要盲审（博士或硕士生有这个需要）：
补充要求和说明：不能抄袭，最好都用自己的话，就算借用了哪本书上的东西都要标注，否则都会挂。
Coursework assignment
Fleur de Lees and Sam Branston
Fleur and Sam are “an item” but are not married. They live together in a smart flat, owned by Sam, just off Grosvenor Square in the West End of London. They have a baby called Moonie, and a nanny called Agnieszka.
Fleur is an ambitious person but so far she has had a chequered business career. Fleur was the sales director of Flute plc and had been since 6 April 2007. Before that Fleur was working abroad. At Flute plc Fleur received a generous remuneration package, consisting of the following:
• A car selected by Fleur. She contributed £9,000 toward the capital cost on 6 April 2007. All fuel for private and business mileage was paid for by the company and Fleur contributed nothing. (See Note 1)
• Salary (see Note 2)
• Private medical insurance costing the company £2,000 for a full year. Fleur could have obtained it herself for £2,500 a year. Fleur was removed from the company scheme from 1 January 2009 so she will now have to make own arrangements.
• Fleur borrowed money from the company on 6 April 2007 (see Note 3)
• Fleur was in the non-contributory directors' pension scheme. The company made contributions to the value of Fleur's salary each year. It is a final salary scheme.
Fleur was not happy at Flute. She found her colleagues had different commercial goals from her. They too found Fleur rather a strain and on 31 December 2008 she was handed a P45 and escorted from the building. In other words, Fleur had been sacked with immediate effect. Fleur’s P45 shows income tax deducted of £29,000. She did not receive any redundancy payments or other payments apart from her salary up to 31 December.
She was, however, offered her car for nothing, and Fleur took possession of it on 31 December 2008. Its original market value was the price as used in Note 1. Its market value on 31 December 2008 is £11,000. Also, the company cancelled Fleur's loan obligation on 31 December 2008.
After leaving Flute she stayed at home for a PERIOD OF REFLECTION
Sam meanwhile is a well-known, even notorious, figure in the music business. His tax affairs have always been a mystery, particularly to the tax authorities. He manages several bands, including Spinal Tap, and Dog Breath. He also owns a record label, Version Records.#p#分页标题#e#
None of Sam’s activities are carried out through corporate bodies as he has a strong reluctance to make public any of his affairs. Indeed until now no authority has been aware of the existence of Sam’s “empire”. Sam’s accountant and general dogsbody is Reg Bollard, who has just completed a draft profit and loss account of Version.
Immediately afterwards Reg unfortunately suffered a breakdown and is now in a clinic in the Isle of Man.
Here is part of the profit and loss account that Reg had prepared:
TOP SECRET – FOR SAM ONLY – Version Records - year ended 31 December 2008.
Income
Sales of records 2,340,000
Management of bands fees 1,500,000
Tour takings 750,000
Sales of merchandise 230,000
Sale of confectionery 1,200,000
Casino gambling winnings 417,000
Protection money received 25,000
Dividends received 1,000
Total 6,463,000
Expenses
Artistes’ royalties 960,000
Tour costs 540,000
Entertaining 666,000
Cost of confectionery 300,000
Payroll costs 635,000
“Consultants” 345,000
Motor expenses 15,000
Electricity 4,000
Fine for noise nuisance 5,000
Stakes at casino 12,000
Legal and professional 20,000
Depreciation of equipment 88,000
Miscellaneous 75,000
Christmas gifts to employees 1,000
Other expenses 1,500,000
Total 5,166,000
At this point Reg was carried to the ambulance.
Sam applies standard-rate VAT to his outputs as appropriate but has never registered for VAT and has never paid a penny to HMRC. The income and expenses figures do not include VAT, and the normal accounting entries have been applied in the nominal ledger. It is just that the liability to HMRC has never been cleared.
Version is based in a rented property in Camden Town and employs 36 full-time workers, including 3 office staff, one sales representative and 10 part-time staff. The payroll also includes Fleur who received £55,000 in 2008/09 and has never done any work for Sam’s businesses. Fleur and Sam’s nanny is also on the payroll and was paid £35,000 in 2008/09. Sam helps himself to a wad of £500 in cash drawn out of the business account each day, except Saturdays, Sundays and bank holidays. These amounts have been included in payroll costs. The warehouse workers are paid weekly in cash; office staff are paid monthly by cheque.
Reg has never applied the PAYE scheme to anybody, as Sam has wanted the whole operation to be kept secret. Part-time staff each receive £150 a week gross. The sales representative drives a car owned by Version and drives both business and private mileage. There are also various “consultants” who are paid by the business on production of invoices for various services rendered. Version also pays £18 a week to each of its full-time employees and £10 a week to each of its part-time employees as subsistence payments, intended to cover travel to work etc. the full-time staff have received them since 6 April 2007#p#分页标题#e#
Reg uses his own car for business purposes and is paid 350p per mile. Reg has just received a letter from HMRC stating that a PAYE audit team will shortly be arriving at Version. It seems that the Revenue are acting on an anonymous tip-off from an ex-employee.
In April 2007 Sam had purchased a large house in 150 acres of land called Clampett Towers and this became Fleur and Sam’s weekend retreat. The deeds are inj Sam’s name. There is a furnished cottage on the estate and Sam has rented it out, after some refurbishment, to various visiting Americans, none of whom stayed for more than two weeks. Expenses were as follows in 2008/09:
Cleaner £1,560.
Water rates £550
Council tax £1,100
New crockery £150
Repairs £2,000
Advertising £200
The income and expenses do not appear in Version’s profit and loss account due to an error by Reg.
Sam’s brother Billy stayed rent free in the cottage for the month of August but it was available for renting the rest of the year and was let for 12 weeks at £600 a week. Reg has elected for the 10% wear and tear allowance.
Sam purchased recording equipment in 2008/09 costing £352,000. There were no records of earlier purchases, which could be used as the basis for a claim.
The last time Sam paid any income tax was when he was working as a kipper slitter aged 16 in a fish factory. There has always been a strong suspicion that ”confectionery” means illegal substances. It seems that the writing is now on the wall for Sam.
********
After a few days reflecting about her future, Fleur embarks on a new venture: she decides to set up her own business buying and selling something she had always loved: cars. She finds a disused showroom and enters into a rental agreement immediately. Fleur's friend Lulu, a graduate of London South Bank University, produced the projected profit and loss accounts on the next page for this business.
Fleur plans to start trading on 1 May 2009 and intends the first period of account to run to 31 July 2010. The 31 July will be the permanent year-end. She is not interested in incorporating or taking on any partners.
She purchases her cars from various sources: private advertisements, business contacts, and auctions. Fleur continues to use the car she received from Flute plc and uses it 60% of the time in her new business.
FLEUR'S CARS Forecast profit and loss accounts
2010 2011 2012 2013
Income £ £ £ £
Sales of cars 30,000 400,000 600,000 745,000
Cost of sales (6,000) (120,000) (240,000) (360,000)
Gross profit 24,000
280,000
360,000
385,000
#p#分页标题#e#
Expenses
Staff salaries 30,000 45,000 50,000 65,000
Fleur's salary 50,000 55,000 60,000 70,000
Gifts to Lulu 12,000 14,000 15,000 16,000
Electricity 800 820 830 835
Rent 11,000 11,000 11,000 12,000
Fleur car exps 1,000 1,200 1,300 1,400
Loan interest 17,000 25,000 30,000 40,000
Legal 2,000 1,400 1,300 1,200
Repairs 0 1,000 1,000 1,000
Depreciation 1,100 1,200 1,300 1,400
Entertaining 560 650 700 750
Rates 23,000 30,000 45,000 55,000
Clothing 2,000 3,000 3,000 3,400
Holidays 3,000 4,000 5,000 6,000
Furniture 1,100 1,200 1,300 1,400
Expenses 154,560 194,470
226,730
275,385
Profit/(loss) (130,560)
85,530
225,730 109,615
Notes to accounts
1. Lulu has forgotten to include Class 1 Secondary NICs in costs.
2. Fleur’s car is used 40% privately.
3. Loan interest is fully business.
4. Entertaining is of business contacts
5. Clothing is business suits for Fleur
6. Holidays are for Fleur and Sam.
7. Furniture is for the flat she shares with Sam.
8. Cost of sales includes purchase of cars and getting them into saleable condition.
9. Lulu does not work in the business; she does occasional jobs such as these accounts
She estimates her capital expenditure in her first period of account
as follows:
£
Refurbishment of showroom 200,000
(to get it in working order)
New forecourt 120,000
Movable partitions 85,000
Special lighting 25,000
Display equipment, rotating stands etc 20,000
Other furniture and fittings 15,000
Computers 18,000
Car for employee 1 May 2009 (less than 120g/km CO2) 15,000
Fleur’s car (see Note 2 below) will be used in her new business. Its value for capital allowance purposes will be £20,000 at the start of the business.
Fleur has not made alternative pension plans and is in need of advice.
Fleur also has other income in 2008/2009 as follows:
£
UK Dividends received 10,500
Bank interest received 7,000
NSB Easy Access Savings A/c 560
NOTES TO ASSIGNMENT
Note 1 Fleur's car and fuel
Choose a car from the internet for Fleur. It must be worth at least £25,000. Use the value you find there as the equivalent of the list price. Give details of the car and where you found it on the web. Details include make, model, fuel and age. To find the CO2 emission for the car you have chosen go to the directgov website, if it is not given with the car details.#p#分页标题#e#
The cost of the fuel to the company was the CO2 emission multiplied by 10, eg CO2 emission of 350 g/Km gives cost of fuel of £3,500 for a full year.
Note 2 Fleur's salary
To calculate Fleur's annual salary:
a) Reverse the digits of your date of birth
b) Divide this number by 3 to get Fleur's annual salary.
For example birth date 31 December 1984 becomes 841,231 divided by 3 = annual salary of £280,410 for the assignment. Round to the nearest whole number
Give your date of birth prominently on the title page of the report
Note 3 Fleur's loan
Find your height in centimetres and multiply by 100. Use this as the sterling value of the loan. We may have to audit this figure so make sure you tell us what it is and that it is accurate.
REQUIRED
PART A. Individual work. (Worth 25% of your total coursework mark)
LETTER TO FLEUR
Write a report, addressed to Fleur, whom you should assume have a very limited understanding of taxation matters, giving your answers and full workings on each of these issues. Most of the report will be computational but you should open it, introduce each computation, and close it in the correct way, explaining your results.
Detailed requirements to be included in the report:
1. Fleur’s taxable income from employment for 2008/2009.
2. Fleur’s taxable trading profits before loss reliefs for the years 2009/2010 to 2012/2013.
3. Discuss what Fleur could do with the opening year loss and recommend an efficient course of action.
4. Income tax payable by Fleur for 2008/2009 assuming the most efficient loss relief is used.
5. All NICs arising as a result of Fleur's activities, of all classes for 2008/2009. State who pays what.
ASSUME THE TAX RATES FOR 2008/2009 APPLY TO ALL PERIODS
The Official Rate of Interest is 6.25%
Indicative word count 2,000 words
PART B. Individual work. (Worth 25% of your total coursework mark)
LETTER TO SAM
Write a letter to Sam explaining the following:
Disclosure requirements for taxable income
Penalties for not disclosing taxable profits
The treatment of illegal profits
The taxation of property income
The responsibilities of employers under the PAYE system
Penalties for getting PAYE wrong
VAT penalties
Your letter should be directly focused on Sam’s situation.
Maximum word count 4,000 words.
There must be one bibliography covering both documents, referenced in the Harvard style.
These documents must be electronically produced, using Excel and Word, and printed on A4 paper. It must be submitted to the Faculty office (Room L105) no later than closing time on Friday 16 January 2009. You must keep a duplicate copy of all work submitted for assessment#p#分页标题#e#
We do not require an electronic copy.
IMPORTANT NOTE
Plagiarism is a serious academic offence that could lead to you failing this unit. Your work should be your own at all times. Further information about what constitutes plagiarism can be found in your Course Guide and the University Student Handbook. If you have any questions about what constitutes plagiarism address these to the Course Director and the unit leader for this unit BEFORE submitting this assignment”.
PART C Group work(Worth 50% of your total coursework mark)
For the presentation:
Provide Fleur with advice about the tax implications of her previous and future pension arrangements.
Each group will be given a 20 minute slot. The first 10 minutes will be for the presentation itself; then there will be 10 minutes for questions and answers with the teaching team. The presentation must use Powerpoint. Groups should have at least 3 and no more than 5 members. Groups can be from across seminar groups.
In addition there should be presented to the Unit Leader at the presentation:
1. A statement, signed by all group members, indicating their relative contributions to the presentation, and how they consider the group mark should be allocated between group members (normally this would be equally).2. A Group Report. This will summarise the points made in the presentation, and should be at most 2,000 words. It should be aimed at Fleur, as your client.
Presentations will take place in the weeks beginning 19 January, 26 January and 2 February 2009.
Grading criteria for the individual components
Mark range Assessment criteria
70% + - Evaluation and synthesis of the issues under consideration.
- Evidence of the application of key principles and concepts to the coursework scenario.
- Clear evidence of personal viewpoints and of reflection and evaluation in developing solutions and recommendations.
- Comprehensive knowledge and depth of understanding of principles and concepts.
- Clear evidence of reading supplementary sources of information.
- Comprehensive referencing and bibliography.
- Logically structured answer.
- Appreciation of the needs of the intended audience.
- Well directed presentation, using correct grammar, spelling and punctuation.
60 – 69% - Accurate description of the main issues under consideration with some evidence of evaluation of these issues.
- Evidence of the application of key principles and concepts to the coursework scenario.
- Some evidence of personal viewpoints and reflection and evaluation in developing solutions and recommendations.#p#分页标题#e#
- Reasonable knowledge and understanding of principles and concepts.
- Evidence of supplementary reading.
- Adequate referencing and bibliography.
- Logically structured answer.
- Account taken of the needs of the intended audience.
- Good presentation, using correct grammar, spelling and punctuation.
50 – 59% - Description only of the main issues under consideration.
- Basic knowledge of key principles and concepts.
- Evidence of the application of key principles and concepts to the coursework scenario.
- Evidence of basic reading.
- Limited referencing together with a limited bibliography.
- Competently structured answer.http://www.ukassignment.org/daixiecoursework/yingguocourseworkdaixie/
- Acceptable presentation, grammar, spelling and punctuation.
40 – 49% - Description of the main issues under consideration.
- Basic knowledge of the key principles and concepts.
- Limited evidence of the application of key principles and concepts to the coursework scenario.
- Evidence of limited reading.
- Limited referencing
- Weak presentation and structure, acceptable grammar, spelling and punctuation.
Below 40% - Omission of relevant information.
- Limited knowledge and understanding of key principles and concepts.
- Little evidence of reading.
- Inadequate referencing.
- Poorly structured answer.
- Little evidence of understanding of the requirements of the intended audience.
- Poor presentation, unacceptable grammar, spelling and punctuation.
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