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Ren O'Hora
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Decks in this class (28)
1. Tax system
What is the main difference betwe...,
What are the components of the ac...,
In which ways does the eu influen...
6
cards
2. Basic income tax computation
List what a basic income tax comp...,
What income is exempt from income...,
When is your personal allowance r...
9
cards
3. Investment income
What investment income is exempt ...,
What are the main tax benefits of...,
What is the annual subscription l...
5
cards
4. Property income
What does the property income pro...,
In general what are the allowable...,
What basis is property income on 3
9
cards
5. Employment income
What does an employment income pr...,
What expenses are classed as allo...,
What basis is employment income on 3
16
cards
6. Pensions
Explain how tax relief is obtaine...,
Explain how tax relief is obtaine...,
What is the annual allowance 3
4
cards
7. Self-employment income
Show the proforma to calculate ta...,
What are the most common disallow...,
What is the effect of family memb...
16
cards
8. Capital allowances
What does the proforma look like ...,
Explain the three main capital al...,
What isnt examinable in the exam ...
11
cards
9. Sole-trader income
What are the opening year rules 1,
What are overlap profits and how ...,
What are the ongoing rules 3
4
cards
10. Partnerships
Capital allowances in a partnersh...
1
cards
11. Trading losses: ind
Carrying losses forward relief 1,
Loss relief against total income ...,
Offsetting losses against capital...
4
cards
12. National insurance
What type of national insurance d...,
What type of national insurance d...,
What ni do the self employed pay 3
3
cards
13. Tax admin. for individuals
When do tax returns have to be fi...,
When does an individual need to h...,
What are the deadlines for amendi...
18
cards
14. Introduction to corporation tax
When is company deemed uk resident 1,
Accounting periods cannot exceed ...,
What is the proforma for a corpor...
14
cards
15. N/a
0
cards
16. Losses for companies
What are the three methods of los...,
How does terminal loss relief work 2,
What effects which methods of los...
5
cards
17. Groups of companies
Who is group relief available to 1,
What losses can be surrendered 3 2,
Can you surrender capital losses 3
11
cards
18. Tax admin. for a company
How long does a company have to i...,
When do companies have to submit ...,
What are the late filing penaltie...
13
cards
19. Computation of gains and tax payable
What disposals aren t chargeable 2 1,
What assets aren t classed as cha...,
What is the proforma for a charge...
11
cards
20. Computation of tax: special rules
How is an asset treated when tran...,
What tax planning opportunities a...,
What is the formula for when as a...
9
cards
21. CGT: Shares and securities for individuals
What types of shares and securiti...,
What are the qualities needed to ...,
What changes when shares are gift...
8
cards
22. CGT: Individual relief
When must an individual decide wh...,
What are the rulings for deeming ...,
How does business use effect ppr ...
10
cards
23. Chargable gains for companies
0
cards
24. Inheritance tax
What is the proforma for the tran...,
What are the types of lifetime tr...,
Explain the exemptions for lifeti...
15
cards
25. VAT outline
What taxable supplies are exempt 6 1,
Explain the historic method for d...,
Explain the future method for det...
17
cards
26. VAT: overseas
When do vat returns have to be su...,
Vat repayments are usually made 2,
What must a detailed vat invoice ...
14
cards
Proformas
What is the proforma for death es...,
Proforma for a clt payable in lif...,
Proforma for taxing the death est...
4
cards
Deadlines
When is iht on the death estate d...,
When is lifetime iht due 2
2
cards
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ACCA TX
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