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For 1, yes but he used some of it up. For 2, you needed to work out total tax liabilities of wanda, her husband and the business if it was a company or p’ship. They had already calculated her personal tax. For 3 the charge is artificially diverted profits at UK tax rate less tax paid overseas. For 4 you assume the remaining 3 years or so are recoverable at 100% so reclaim the non recovered amount at 1/10th for 3 years.
Annoyingly I calculated the VAT but forgot to say it was recoverable not repayable!
First time pass with 81%. Thought I was going to fail so it was a very nice midnight surprise!
SBP means there is an annual expense in the FS but there is no tax implication until the shares have vested. As such, there will be a deferred tax asset.
Compare the CV of the SBP (always zero) to the tax base of the SBP (the future tax relief amount based on the intrinsic value). The difference is then taxed at the anticipated tax rate to give a deferred tax asset.