| Taxation | |
| Topics covered but are not limited to the following: | |
| -The history legal and computational principles and current issues re; personal tax, corporation tax; | |
| capital gains tax; inheritance tax; and value added tax. | |
| Income Tax- Personal income tax Computation for Unincorporated businesses | |
| - Income form trade or vocation including badges of trade, basis of assessment, | |
| allowable & disallowable expenses, capital allowances and trading losses. | |
| - Taxation of Partnership including basis period loss relief and notional losses | |
| - Income from land and building, associated allowable and disallowable expenditure, loss relief etc | |
| - Income and BIKs from employment | |
| - Savings income, Charges on income | |
| - Tax reliefs/credits/reducers | |
| - NICs-Employed and Self Employed | |
| -Stamp duty | |
| - Pensions | |
| - PAYE and Self assessment System | |
| Corporation Tax- Non Group Companies (Single Cos) | |
| -Scope, Period of accounts and Residency | |
| -Corporation tax computation for corporate businesses | |
| -Assessable Income and chargeable gains of corporate businesses including | |
| associated allowable and disallowable expenditure | |
| -Close Companies, Personal Service companies, loan relationships | |
| -Foreign companies trading in the UK. | |
| -Corporation tax loss reliefs | |
| -Self assessment including instalment regime, pay and filing dates, interest and penalties | |
| Corporation Tax- Group Companies | |
| -Group relationships including associated Cos, consortium, capital gains group etc | |
| -Group/Consortium reliefs | |
| -Controlled Foreign Companies | |
| -Degrouping | |
| -Transfer pricing | |
| -Anti avoidance provisions | |
| -Double tax reliefs | |
| Economics of business taxation and financial planning | |
| -Taxation considerations Re: Business decision-making (including corporate investment and | |
| management remuneration). | |
| Capital Gains tax- Regime, Residency and Calculation Principles | |
| - Chargeable and Exempts Assets, Disposals and Persons, | |
| - Part Disposals, Assignment of a short lease | |
| - Shares & Securities | |
| -Reorganisations, Mergers & Acquisitions | |
| -CGT Reliefs & Exemptions | |
| Value Added Tax- Output and Input VAT | |
| - Taxable and Exempt supplies and purchases | |
| - Partial exemption, Vat on Cars & Fuel, Bad debt relief | |
| - Registration, Deregistration, administration, VAT Records and Returns | |
| - Quarterly accounting and other special schemes | |
| -VAT penalties, surcharges & errors | |
| -VAT for Group Companies | |
| Inheritance Tax-Definition, Chargeable Circumstances, Persons, Assets & Property | |
| - Chargeable Lifetime Transfers and Potentially Exempt Transfers | |
| - Excluded Property, Exempt transfers | |
| -Trusts | |
| -Cumulation Principle, Gift with reservations | |
| -IHT Computation including Exemptions and Reliefs on CLTs | |
| -Death Estate | |
| Tax Planning | |
| -Employment Vs Self-Employment | |
| -Directors Vs Employees | |
| -Dividend Vs Remuneration | |
| -Choice of business medium, Business Incorporation and Disposal | |
| -Remuneration Packages | |
| -Investments | |
| Ethics of Taxation | |