ATX ^UKTextbook Syllabus

Professional skills

The scope of income tax

Income from employment

Income from self-employment

Property and investment income

National insurance contributions for employed and self-employed persons

The comprehensive computation of taxable income and income tax liability

The use of exemptions and reliefs in deferring and minimising income tax liabilities

The Scope of Income Tax

Income from employment

Income from self employment

Property and investment income

Income tax computation and income tax liability

Exemptions and Reliefs for I.T.

Income tax - In the exam

The scope of the taxation of capital gains

The basic principles of computing gains and losses

Gains and losses on the disposal of movable and immovable property

Gains and losses on the disposal of shares and securities

The use of exemptions and reliefs in deferring and minimising tax liabilities arising on the disposal of capital assets

The scope of CGT

Trusts

Principles of computing gains and losses

Disposal of movable and immovable property

Disposals of shares and securities

Exemptions and Reliefs for C.G.T.

In the exam

Basic principles of computing transfers of value

IHT arising on lifetime transfers and on death

Exemptions to defer / minimise IHT

The scope of IHT

Computing transfers of value

IHT liabilities on lifetime transfers during life and death

Trusts

IHT planning

IHT administration

In the exam

The scope of corporation tax

Taxable total profits

Chargeable gains for companies

The comprehensive computation of corporation tax liability

Group corporate structure for C.T.

The scope of CT

Taxable total profits

The corporation tax liability

Group Structure for C.T.

Exemptions and reliefs for C.T.

A4: In the exam

The scope of stamp taxes

Liabilities arising on transfers

Exemptions and Reliefs

The VAT registration requirements

Computation of VAT liabilities

The effect of special schemes

Additional Material

The overall function and purpose of taxation

Principal sources of revenue law and practice

The systems for self-assessment and the making of returns

The Time Limits

The Procedures relating to compliance checks, appeals and disputes

Penalties for non-compliance

Offshore Matters

Alternative ways of achieving outcomes

Different types of finance and investment

Ethics