• 1

  The UK Tax system and its Administration

  • 1. The overall function and purpose of taxation in a modern economy
  • 2. Principal sources of revenue law and practice
  • 3. The systems for self-assessment and the making of returns
  • 4. The time limits for the submission of information, claims and payment of tax, including payment on account
  • 5. The procedures relating to compliance checks, appeals and disputes
  • 6. Penalties for non-compliance
• 2

  B | Income tax and NIC liabilities

  • 1. The scope of income tax
  • 2. Income from employment
  • 3. Income from self-employment
  • 4. Property and investment income
  • 5. The comprehensive computation of taxable income and income tax liability
  • 6. National insurance contributions for employed and self-employed persons
  • 7. The use of exemptions and reliefs in deferring and minimizing income tax liabilities
• 3

  C | Chargeable Gains for Individuals

  • 1. The scope of the taxation of capital gains
  • 2. The basic principles of computing gains and losses
  • 3. Gains and losses on the disposal of movable and immovable property
  • 4. Gains and losses on the disposal of shares and securities
  • 5. The computation of capital gains tax
  • 6. The use of exemptions and reliefs in deferring and minimizing tax liabilities arising on the disposal of capital assets
• 4

  D | Inheritance Tax

  • 1. The basic principles of computing transfers of value
  • 2. The liabilities arising on Chargeable lifetime transfers and on the death of an individual
  • 3. The use of exemptions in deferring and minimizing inheritance tax liabilities
  • 4. Payment of inheritance tax
• 5

  E | Corporation Tax Liabilities

  • 1. The scope of Corporation Tax
  • 2. Taxable total profits
  • 3. Chargeable Gains for companies
  • 4. The comprehensive computation of Corporation Tax Liability
  • 5. The effect of a group corporate structure for corporate tax purposes
  • 6. The use of exemptions and reliefs in deferring and minimizing corporation tax liabilities
• 6

  F | Value Added Tax (VAT)

  • 1. The VAT registration requirements
  • 2. The computation of VAT Liabilities
  • 3. The effect of special schemes
• 7

  G | 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