This class was created by Brainscape user Ben Beard. Visit their profile to learn more about the creator.
By:
Ben Beard
- decks
- flashcards
- learners
Decks in this class (63)
Chapter 3 trading income
32 the definition of trading,
33 badges of trade
2
cards
Chapter 5 Adjustment of Profit:
51 introduction,
52 disallowable expenditure,
53 depreciation and amortisation
17
cards
Chapter 6 Common Adjustments:
61 pre trading expenditure,
62 entertaining and gifts,
63 interest payments
17
cards
Chapter 7 Current year basis and opening year rules
72 current year basis,
73 commencement of trade,
74 the first tax year
5
cards
Chapter 8 Overlap Relief and Closing year rules
81 overlap,
82 computing overlap profit,
84 transitional overlap profit
4
cards
Chapter 9 Change of Accounting Date
91 introduction,
92 the four stage process,
93 the year of change
4
cards
Chapter 10: Capital Allowances
101 introduction,
102 definition of plant and machi...,
103 buildings section 21 caa 2001
7
cards
Chapter 11: Capital allowances Basic computations
111 the general pool,
112 general pool additions and di...,
113 general pool short and long p...
8
cards
Chapter 12 Capital allowances – FYA and the AIA
121 first year allowances,
122 the annual investment allowance,
123 aia restrictions
4
cards
Chapter 13 Capital allowances – further computations
131 special rate pool,
132 integral features,
133 long life assets
4
cards
Chapter 14 Capital allowances – cars and other assets
141 cars,
142 private use adjustments,
143 balancing allowances and charges
7
cards
Chapter 15 – Losses continuous trades
151 introduction,
152 current year loss relief unde...,
153 loss planning
9
cards
Chapter 16 Losses opening and closing year rules
161 opening year losses,
162 overlap losses,
163 the effect of an early trade ...
6
cards
Chapter 17 Introduction to Partnerships
172 partnership agreement,
174 partnership self assessment,
176 relief for qualifying loan in...
3
cards
Chapter 18 Partnership Changes
182 changes in profit ratios,
183 further issues
2
cards
Chapter 19 Partnership admissions and retirements
192 partner admissions,
193 partners retiring
2
cards
Chapter 20 Partnership Losses
201 introduction,
204 notional losses,
205 restriction on loss relief fo...
3
cards
Chapter 21 Simplification Measures
211 introduction,
212 flat rate expenses,
213 motor expenses
10
cards
Chapter 22 Farmers
221 two year averaging of profits,
223 five year averaging,
224 averaging claims
4
cards
Chapter 1 Introduction to Corporation Tax
11 introduction,
12 residence,
13 accounting periods
6
cards
Chapter 2 Computation of corporation tax
22 financial year straddle
1
cards
Chapter 3 Long Periods of Account
31 introduction,
32 preparing the corporation tax ...
2
cards
Chapter 4 Corporation Tax Self-Assessment
41 introduction,
42 duty to notify chargeable,
43 ct603
9
cards
Chapter 5 Payment of Corporation Tax
52 large and very large companies,
53 instalment due dates large com...,
54 amounts due by instalments lar...
6
cards
Chapter 6: Interest on late paid tax and repayments
Interest on late payments and rep...
1
cards
Chapter 7: CTSA penalty regime
72 penalties for failure to notif...,
73 penalties for late returns,
74 penalty for failing to keep re...
6
cards
Chapter 8 Property Income
82 expenses,
83 loan interest
2
cards
Chapter 9 Loan Relationships
91 definition,
92 treatment of income and expenses,
93 purpose of the loan relationship
3
cards
Chapter 10 Relief for trading losses
102 relief for trading losses,
103 current year relief,
104 carry back of losses
5
cards
Chapter 11 Relief for other losses
111 other losses,
112 losses of a uk property business,
113 losses of an overseas propert...
4
cards
Chapter 12 Corporate capital gains
121 introduction,
122 computation of gains,
123 indexation allowance
9
cards
Chapter 13 VAT general principles
131 general principles of vat,
132 the vat fraction,
133 output tax
6
cards
Chapter 14 Registration
141 introduction,
142 types of registration,
146 taxable supplies
6
cards
Chapter 15 Definition of Supplies
151 introduction,
152 five conditions,
153 taxable supplies
4
cards
Chapter 18 Value of the Supply
182 prompt payment discount,
183 increases and decreases in co...,
184 deemed supplies
4
cards
Chapter 19 Time of supply
191 introduction,
192 basic tax point,
193 basic tax point overridden
4
cards
Chapter 20 Input Tax – when to recover
201 introduction,
202 supply for business purposes,
203 claimant holds required evidence
4
cards
Chapter 21 VAT records and returns
212 records,
213 the vat account,
214 vat invoices
4
cards
Chapter 22 Place of supply
221 introduction,
222 rules for supply of services,
223 exceptions to the general pla...
4
cards
Chapter 1 An introduction to self-assessment
12 tax returns,
13 notification,
14 issue of a tax return
7
cards
Chapter 2 Payment dates, interest and penalties
Payment dates interest and penalt...
1
cards
Chapter 3 Self-assessment – further aspect
Self assessment income tax
1
cards
Chapter 4 Class 1 NIC
Nic and class 1 nic
1
cards
Chapter 5 Class 1A and 1B National Insurance Contributions
Class 1a and 1b nic
1
cards
Chapter 6 Classes 2 and 4 National Insurance
Class 2 and 4 nic
1
cards
Chapter 7 Employed or Self-Employed
Employed or self employed
1
cards
Chapter 8 Introduction to Capital Gains Tax
Cgt
1
cards
Chapter 9 Calculation of Capital Gains
Cgt calculation
1
cards
Chapter 10 Business Asset Disposal Relief
101 badr,
102 operation of the relief,
104 material disposals of busines...
6
cards
Chapter 11 Relief for Capital Losses
Capital losses
1
cards
Chapter 12 Part Disposals
Part disposals
1
cards
Chapter 13 Sales of Leases
Sale of leases
1
cards
Chapter 14 Grants of Leases
Grants of leases
1
cards
Chapter 15 Chattels
Chattels
1
cards
Chapter 16 Connected Persons and Inter-spouse transfers
Connected persons
1
cards
Chapter 17 Shares and securities – matching rules
Shares and securities
1
cards
Chapter 18 Rollover relief
183 conditions for the relief,
184 qualifying assets,
185 statutory time limits
3
cards
Chapter 19 Rollover relief and depreciating assets
191 depreciating assets,
192 purchase of a depreciating asset
2
cards
Chapter 20 Rollover relief – further aspects
201 partial business use
1
cards
Chapter 21 Gift relief
Gift relief
1
cards
Chapter 22 Gift-relief restrictions
Gift relief restrictions
1
cards
Chapter 23 EIS and SEIS Reinvestment relief
Eis and seis reinvestment relief
1
cards
Chapter 24 Partnership capital gains
241 introduction,
242 section 59 tcga 1992,
243 disposals of assets by a part...
4
cards
More about
Paper 2: Business tax
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Ben Beard's Paper 2: Business tax flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Business Paper 2
- 5 decks
- 49 flashcards
- 1 learners
Decks:
Csr, Protectionism, Marketing Mix, And more!
ATT Law for Tax Practitioners
- 24 decks
- 699 flashcards
- 28 learners
Decks:
1 The Nature Of Law In The Uk, 2 Persuasive Legal Concepts, 3 Constitutional And Administrative Law, And more!
