Fred has been trading for many years.  He has the following recent trading results:

Year to 31 March 2022 £15,000 Loss

Year to 31 March 2023 £8,000 Profit

Year to 31 March 2024 £10,000 Profit

Fred has decided to carry his loss forward.

After deduction of loss relief, how much will be his trading income for the year to 31 March 2024?

Anoushka is self-employed and runs her own business as a caterer. She employs Pierre who is paid £52,000 p.a. but does not receive any taxable benefits.

What classes of national insurance contributions is Anoushka liable to pay? 

Brooke had been trading profitably as a sole trader for many years.

However, in the year ended 31 August 2022 she made a trading loss of £65,000.

Brooke has the following income in the tax year 2023/24:

Trading profit for year ended 31 August 2023: £12,000

Dividend income: £9,000

Property income: £4,000

ISA (Individual Savings Account)Interest Received: £1,000

What is Brookes’ net income for the tax year 2023/24 assuming she carries the trading loss forward?

Patsy is paid £1,000 per week. Her taxable benefits for the year are as follows:

What is the total amount of employee's and employer's NICs for the tax year 2023/24?

Barney is managing director of Texas plc. They have the use of a petrol-powered motor car with a list price of £34,000. The carbon dioxide emissions were 187g/km and all petrol and expenses were paid by the company.

Barney contributed £50 towards the provision of the private petrol.

What is the amount of the total taxable benefits on which Barney will be assessed for the tax year 2023/24?

Lexie sold a residential property, which she had never lived in, for £338,500 in the tax year 2023/24.  She had acquired the building for £150,000 in 2013.

Lexi has taxable income of £54,000 for the tax year 2023/24.  She sold no other assets in the tax year.

What is Lexie's total capital gains tax liability in the tax year 2023/24?

On 10 January 2024, a freehold property owned by Winifred was damaged by a fire.  The property had been purchased on 29 May 2011 for £73,000.  Winifred received insurance proceeds of £37,200 on 23 February 2024, and she spent a total of £41,700 during March 2024 restoring the property.  Winifred has elected to disregard the part disposal.

What is the base cost of the restored freehold property for capital gains tax purposes?

Gary's income for the tax year 2023/24 comprises a salary of £115,140 and dividends of £20,000.  He is not entitled to a personal allowance.

Godfred is a sole trader and has deducted the following items of expenditure in the statement of profit or loss for his most recent accounting period:

Alan is a self-employed gardener.

What is the last date by which he must file his online self-assessment tax return for 2023/24, so that he does not incur a fine?