_______________
[A] Quebec’s resistance to a national agency is provincialist ideology. One of the first advocates for a national list was a researcher at Laval University. Quebec’s Drug Insurance Fund has seen its costs skyrocket with annual increases from 14.3 per cent to 26.8 per cent!
[B] Or they could read Mr. Kirby’s report: “the substantial buying power of such an agency would strengthen the public prescription-drug insurance plans to negotiate the lowest possible purchase prices from drug companies.”
[C] What does “national” mean? Roy Romanow and Senator Michael Kirby recommended a federal-provincial body much like the recently created National Health Council.
[D] The problem is simple and stark: health-care costs have been, are, and will continue to increase faster than government revenues.
[E] According to the Canadian Institute for Health Information, prescription drug costs have risen since 1997 at twice the rate of overall health-care spending. Part of the increase comes from drugs being used to replace other kinds of treatments. Part of it arises from new drugs costing more than older kinds. Part of it is higher prices.
[F] So, if the provinces want to run the health-care show, they should prove they can run it, starting with an interprovincial health list that would end duplication, save administrative costs, prevent one province from being played off against another, and bargain for better drug prices.
[G] Of course the pharmaceutical companies will scream. They like divided buyers; they can lobby better that way. They can use the threat of removing jobs from one province to another. They can hope that, if one province includes a drug on its list, the pressure will cause others to include it on theirs. They wouldn’t like a national agency, but self-interest would lead them to deal with it.
第1题:
(ii) Analyse the effect of delaying the sale of the business of the Stiletto Partnership to Razor Ltd until
30 April 2007 on Clint’s income tax and national insurance position.
You are not required to prepare detailed calculations of his income tax or national insurance liabilities.
(4 marks)
(ii) The implications of delaying the sale of the business
The implications of delaying the sale of the business until 30 April would have been as follows:
– Clint would have received an additional two months of profits amounting to £6,920 (£20,760 x 1/3).
– Clint’s trading income in 2006/07 would have been reduced by £13,015 (£43,723 – £30,708), much of which
would have been subject to income tax at 40%. His additional trading income in 2007/08 of £19,935 would all
have been taxed at 10% and 22%.
– Clint is entitled to the personal age allowance of £7,280 in both years. However, it is abated by £1 for every £2
by which his total income exceeds £20,100. Once Clint’s total income exceeds £24,590 (£20,100 + ((£7,280
– £5,035) x 2)), his personal allowance will be reduced to the standard amount of £5,035. Accordingly, the
increased personal allowance would not be available in 2006/07 regardless of the year in which the business was
sold. It is available in 2007/08 (although part of it is wasted) but would not have been if the sale of the business
had been delayed.
– Clint’s class 4 national insurance contributions in 2006/07 would have been reduced due to the fall in the level
of his trading income. However, much of the saving would be at 1% only. Clint is not liable to class 4 national
insurance contributions in 2007/08 as he is 65 at the start of the year.
– Changing the date on which the business was sold would have had no effect on Clint’s class 2 liability as he is
not required to make class 2 contributions once he is 65 years old.
第2题:
A.inexhaustible
B.heartening
C.stately
D.competent
答案:B
解析:题干句意为:旺达在全国写作大赛获得第一名的新闻()。inexhaustible意为“用不完的,不知疲倦的”,heartening意为“令人振奋的”,stately意为“庄严的”,competent意为“胜任的”,此处填入heartening符合句意,答案选B。
第3题:
第4题:
第5题:
第6题:
According to Ohm’s Law, which of the following is correct?()
第7题:
An alteration to its organizational structure
The relocation of its headquarters
A change in national leadership
The addition of new service areas
第8题:
She often travels within the company’s service area.
She is interested in purchasing car insurance.
She frequently drives between Montreal and Boston.
She recently moved to Quebec.
第9题:
第10题:
one of
older
was established
Congress
第11题:
第12题:
improved
exceptional
superior
incomparable
第13题:
6 Charles and Jane Miro, aged 31 and 34 years respectively, have been married for ten years and have two children
aged six and eight years. Charles is a teacher but for the last five years he has stayed at home to look after their
children. Jane works as a translator for Speak Write Ltd.
Speak Write Ltd was formed and began trading on 6 April 2006. It provides translation services to universities. Jane,
who ceased employment with Barnham University to found the company, owns 100% of its ordinary share capital
and is its only employee.
Speak Write Ltd has translated documents for four different universities since it began trading. Its biggest client is
Barnham University which represents 70% of the company’s gross income. It is estimated that the company’s gross
fee income for its first 12 months of trading will be £110,000. Speak Write Ltd usually agrees fixed fees in advance
with its clients although it charges for some projects by reference to the number of days taken to do the work. None
of the universities makes any payment to Speak Write Ltd in respect of Jane being on holiday or sick.
All of the universities insist that Jane does the work herself. Jane carries out the work for three of the universities in
her office at home using a computer and specialised software owned by Speak Write Ltd. The work she does for
Barnham University is done in the university’s library on one of its computers as the documents concerned are too
delicate to move.
The first set of accounts for Speak Write Ltd will be drawn up for the year ending 5 April 2007. It is estimated that
the company’s tax adjusted trading profit for this period will be £52,500. This figure is after deducting Jane’s salary
of £4,000 per month and the related national insurance contributions but before any adjustments required by the
application of the personal service companies (IR 35) legislation. The company has no other sources of income or
capital gains.
Jane has not entered into any communication with HM Revenue and Customs (HMRC) with respect to the company
and wants to know:
– When the corporation tax computation should be submitted and when the tax is due.
– When the corporation tax computation can be regarded as having been agreed by HMRC.
Charles and Jane have requested a meeting to discuss the family’s finances. In particular, they wish to consider the
shortfall in the family’s annual income and any other related issues if Jane were to die. Their mortgage is covered
by a term assurance policy but neither of them have made any pension contributions or carried out any other long
term financial planning.
Jane has estimated that her annual after tax income from Speak Write Ltd, on the assumption that she extracts all of
the company’s profits, will be £58,000. Charles owns two investment properties that together generate after tax
income of £8,500. He estimates that he could earn £28,000 after tax if he were to return to work.
The couple’s annual surplus income, after payment of all household expenditure including mortgage payments of
£900 per month, is £21,000. Charles and Jane have no other sources of income.
Required:
(a) Write a letter to Jane setting out:
(i) the arguments that HMRC could put forward, based only on the facts set out above, in support of
applying the IR 35 legislation to Speak Write Ltd; and
(ii) the additional income tax and national insurance contributions that would be payable, together with
their due date of payment, if HMRC applied the IR 35 legislation to all of the company’s income in
2006/07. (11 marks)
第14题:
A、cage
B、reponsibility
C、ski
D、founded
第15题:
第16题:
第17题:
第18题:
British
German
French
Italian
第19题:
第20题:
Which U.S. National Park Has the Most Visitors?
Should National Parks Allow the Use of Cell Phones?
What Did Yellowstone Do to Enrich Park Visitors’ Experience?
Can Technology Transform the Way People Experience Nature?
第21题:
As voltage increases, resistance decreases
As amperage decreases, resistance decreases
As resistance decreases, amperage increases
As resistance increases, voltage increases
第22题:
inflation
ingredient
insult
invasion
第23题:
Yellowstone National Park
New York State Park
Mount Rushmore Park
Little Rock Park