ACCA

The UK Tax System and Administration

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Q01Medium2 marks·ACCA TX — Taxation Practice Exam 1

Section A: Objective Test Marcus, a freelance graphic designer, submitted his electronic self-assessment tax return for the tax year 2023/24 on 14 August 2025. He paid his balancing payment of £4,200 on the same date. He had no reasonable excuse for the delay. What is the total late filing penalty that Marcus will be charged by HMRC?

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Q02Easy2 marks·ACCA TX — Taxation Practice Exam 1

Section A: Objective Test Which TWO of the following statements regarding the retention of records for tax purposes are correct?

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