CIMAPRA19-F01-1 Exam - Topic 3 Question 27 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 27
Topic #: 3

The tax rules in a country state that all tax returns must be filed by 31 March each year and that any outstanding tax balance must be paid by 14 April each year. An entity filed its tax return on 10 April 20X2 and paid the outstanding tax on 20 April 20X2.

Which TWO of the following powers is the tax authority likely to have in respect of these actions by the entity?

ACharge a fixed penalty for late submission of the tax return.

BCharge interest for non-payment of the outstanding tax balance between 14 April 20X2 and 20 April 20X2.

CCharge interest for non-payment of the outstanding tax balance between 31 March 20X2 and 20 April 20X2.

DCharge interest for non-payment of the outstanding tax balance between 10 April 20X2 and 20 April 20X2.

ESeize the assets of the entity.

Show Suggested Answer

Suggested Answer: A, B

by Britt at May 07, 2022, 10:05 PM

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Cletus

4 months ago

Not sure about that interest period, sounds a bit off to me.

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Gilma

4 months ago

They should definitely charge a penalty for the late return.

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Earleen

4 months ago

Wait, can they really seize assets for this? Seems extreme!

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Kristofer

4 months ago

I think they can charge interest for the late payment.

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Pilar

5 months ago

The deadline for filing is definitely 31 March.

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Sue

5 months ago

Ah, I think I've got this. The key is understanding the differences between Spring Data JPA and Spring Data JDBC. I'll use that knowledge to eliminate the incorrect answers.

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Kris

5 months ago

Hmm, I'm not entirely sure about this one. I know ODI has a lot of different tools and assistants, but I can't recall the specific one used for configuring agent domains.

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Kimbery

5 months ago

This is a good opportunity to apply my knowledge of activity-based costing. I just need to make sure I don't miss any of the nuances in the details provided.

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Dewitt

5 months ago

Hmm, this seems like a tricky one. I'll need to think carefully about the different subnet options and how they relate to the pcTag and global contract requirements.

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Paz

5 months ago

What if multicast is actually disabled globally? That might be a dumb mistake, but should I check that anyway?

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Beata

5 months ago

I'm not so confident, but isn't XSS more about stealing data rather than taking down a server? I feel like the answer has to be something else.

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