CIMA Exam CIMAPRA19-F01-1 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, 11:05 PM

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Cletus

9 days ago

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

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Gilma

14 days ago

They should definitely charge a penalty for the late return.

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Earleen

20 days ago

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

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Kristofer

25 days ago

I think they can charge interest for the late payment.

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Pilar

1 month ago

The deadline for filing is definitely 31 March.

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Sue

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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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