ICAEW Principles of Taxation

This class was created by Brainscape user Toby Lindup. Visit their profile to learn more about the creator.

Decks in this class (13)

Chapter 1 - Ethics
What are the five fundamental pri...,
What is the meaning of integrity,
What is the meaning of objectivity
26  cards
Chapter 2 - Introduction to taxation
Which activities does the governm...,
Which activities does the governm...,
What are the many influences on t...
41  cards
Chapter 3 - Introduction to income tax
What is income tax,
Who is subject to imcome tax,
What are two broad types in which...
51  cards
Chapter 4 - Employment income
Define employment income,
What are the two types of employm...,
Define general earnings
45  cards
Chapter 5 - Trading profits
What are badges of trade,
What are the nine badges of trade,
What do trading profits cover
36  cards
Chapter 6 - Capital allowances
What is plant,
What is the viewpoint taken when ...,
Who is entitled to capital allowa...
28  cards
Chapter 7 - Trading profits - basis of assessment
What is the tax year,
What is the fundamental issue fac...,
How do we prepare sole trader and...
10  cards
Chapter 8 - National insurance contributions
Who pays national insurance contr...,
What are nics used for,
What are the four classes of nics
34  cards
Chapter 9 - Capital gains tax - individuals
How can a capital gains tax arise,
How can an allowable loss on disp...,
What is the first step in decidin...
33  cards
Chapter 10 - Corporation tax
Who is chargeable to corporation tax,
What is a company,
Under what circumstances is a com...
39  cards
Chapter 11 - Value added tax
What is value added tax vat,
When is vat collected,
Define output vat
64  cards
Chapter 12 - Value added tax - further aspects
What is the vat period,
What are the three types of vat p...,
What must the vat return show and...
30  cards
Chapter 13 - Administration of tax
Available in tax tables what are ...,
What must happen in order for a p...,
What happens if a return contains...
80  cards

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ICAEW Principles of Taxation

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