• 1

  A | Knowledge and understanding of the UK tax system through the study of more advanced topics within the taxes studied previously and the study of stamp taxes

  • 1. Income and income tax liabilities in situations involving further overseas aspects and in relation to trusts, and the application of additional exemptions and reliefs.
  • 2. Chargeable gains and capital gains tax liabilities in situations involving further overseas aspects and in relation to closely related persons and trusts, and the application of additional exemptions and reliefs.
  • 3. Inheritance tax in situations involving further aspects of the scope of the tax and the calculation of the liabilities arising, the principles of valuation and the reliefs available, transfers of property to and from trusts, overseas aspects and
  • 4. Corporation tax liabilities in situations involving overseas and further group aspects and in relation to special types of company, and the application of additional exemptions and reliefs.
  • 5. Sample taxes
  • 6. Value added tax, tax administration and the UK tax system
• 2

  B | The impact of relevant taxes on various situations and courses of action, including the interaction of taxes

  • 1. Taxes applicable to a given situation or course of action and their impact.
  • 2. Alternative ways of achieving personal or business outcomes may lead to different tax consequences.
  • 3. Taxation effects of the financial decisions made by businesses (corporate and unincorporated) and by individuals.
  • 4. Tax advantages and/or disadvantages of alternative courses of action.
  • 5. Statutory obligations imposed in a given situation, including any time limits for action and the implications of non- compliance.
• 3

  C | Minimising and/or deferring tax liabilities by the use of standard tax planning measures

  • 1. Types of investment and other expenditure that will result in a reduction in tax liabilities for an individual and/or a business.
  • 2. Legitimate tax planning measures, by which the tax liabilities arising from a particular situation or course of action can be mitigated.
  • 3. The appropriateness of such investment, expenditure or measures, given a particular taxpayer’s circumstances or stated objectives.
  • 4. The mitigation of tax in the manner recommended, by reference to numerical analysis and/or reasoned argument.
  • 5. Ethical and professional issues arising from the giving of tax planning advice.
• 4

  D | Professional skills (New 2023 -2024 syllabus

  • 1. Communication
  • 2. Analysis and evaluation
  • 3. Scepticism
  • 4. Commercial acumen
• 5

  E | Employability and technology skills

  • 1. Use computer technology to efficiently access and manipulate relevant information.
  • 2. Work on relevant response options, using available functions and technology, as would be required in the workplace.
  • 3. Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools.
  • 4. Present data and information effectively, using the appropriate tools.

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Full ACCA