As a solicitor at Holland & Co you have been instructed by John Udale, to act on the sale of Udale (Holdings) Limited. John Udale is the Managing Director and principal shareholder of the company. Holland & Co are used to acting on company sales and have a designated team of specialist corporate lawyers. Before you commence any work it becomes apparent that specialist tax advice is going to be required on the sale. When this has been pointed out to John Udale he said ‘’Hopefully you can deal with that somehow. Perhaps you can research the law? I do not want to have to go to an expensive national firm to do the job for me’’. Sadly no one at Holland & Co has anything other than a very basic knowledge of tax and certainly not the degree of knowledge that appears to be required on the sale.   What is your professional responsibility in this situation? Please consider whether John has any other preferable or more practical options for him and potentially for Holland & Co?

The accountants for Jones Brothers Limited (‘the company’) have produced the following figures relevant for calculating the company’s corporation tax for its accounting period ending 31 March 2021.   a) The company has received rental income from a tenant of £18,500. b) The company has income receipts from its business sales of £728,000; c) There are deductible capital allowances for the year of £19,750 d) The company has paid remuneration to its directors of £194,000; and e) The company has paid salaries of employees and pension payments for employees to an approved scheme totalling £155,000.   In addition to the above figures, the company has sold some surplus land and has made a chargeable gain of £133,000. It has no plans to buy any replacement business assets.            The company has paid dividends to shareholders of £75,000.            The company has made a charitable donation to its chosen charity of £5,750.            Please calculate the company’s liability for corporation tax.

9.2.2 Predict TWO possible negative effects that the Olympic Games could have on the host country and environment. (4)

4.1.3 Give a short description of icons A and B, respectively.  (4) 

1.1.14 This travel show occurs annually in March in Berlin. (1)

SECTION B: MAP WORK, TOUR PLANNING AND FOREIGN EXCHANGE QUESTION 2 2.1 Study the following picture and answer the questions that follow.      Right-click on the button below to open the picture on a new page.   2.1.1 Identify the practice illustrated in the pictures above (no abbreviations). (1)

2.2.2 Mr Coetzee wants to phone his children in South Africa. It is 18:00 in China. Calculate the time in South Africa when they receive the call. (3)

QUESTION 3   3.1 Study the table below and answer the questions that follow.     CURRENCY CODE BBR BSR EURO 17.09 17.45 GBP 20.10 20.30 USD 14.35 14.60   3.1.1 The Sello family from Washington DC visits South Africa and spends money on transport, accommodation, food and curios. Discuss the impact this spending of money will have on South Africa by referring to the following:   a) Impact on GDP  (2) b) Impact on job opportunities   (2)

1.1.2 The changes in the value of currencies on a specific day. (1)

1.1.20 In South Africa, an IDP is issued by (the) ………….. (1)