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Digita.com tax IQ test

The following multiple choice test will evaluate your knowledge of UK tax rules and allowances.

Win a £250 tax rebate!

By answering these questions quickly and accurately, you can enter the free Digita.com national tax expert competition. The top two entries will enter a head-to-head final, and the winner will receive a £250 tax rebate.

Tick here if you would like to enter the Digita.com tax expert competition. You must be a UK citizen with an Internet connection and email address to enter. The winner will be announced on 20th April 2000.

Question 1
When is the end of the tax year?
   31st December
 31st March
 5th April

Question 2
When is the closing date for submitting a 1999 self-assessment tax return to the Inland Revenue, if you do NOT want them to calculate your liability?
   31st December 1999
 31st January 2000
 5th April 2000

Question 3
What is the personal tax allowance for 1999/2000 for individuals younger than 65?
   £4,235
 £4,325
 £4,335

Question 4
What is the maximum amount that can be invested into an Individual Savings Account (ISA) for 2000/2001?
   £5,000
 £7,000
 £9,000

Question 5
What is the minimum payment that can be made under Millennium gift aid?
   £50
 £100
 £150

Question 6
If tax payable by 31st January is still not paid by 28th February, what is the automatic penalty charged by the Inland Revenue?
   5% of tax outstanding
 7.5% of tax outstanding
 10% of tax outstanding

Question 7
What form will your ex-employer give you when you leave their employment?
   P45
 P60
 P14

Question 8
What is the name of the little man who appears in the Inland Revenue's self-assessment advertisements?
   Harry
 Hector
 Lector

Question 9
At what age will a woman receive her state pension?
   55
 60
 65

Question 10
If the tax return is not submitted on time, what is the automatic penalty charged?
   £60, or tax due, if less
 £100, or tax due, if less
 £125, or tax due, if less

Question 11
What is the married couple's allowance for 1999/2000?
   £1,970
 £1,980
 £1,990

Question 12
When does any tax liability for the year ended 5th April 1999 have to be paid to the Inland Revenue?
   31st December 2000
 31st January 2000
 28th February 2000

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