Principles of Tax

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

Decks in this class (15)

Introduction to taxation
What are the sources of tax law,
What is hmrc,
What is statements of practice
42  cards
Introduction to income tax
What are two broad types in which...,
What are the six main sources of ...,
What is the treatment for income ...
51  cards
Employment Income
Give seven examples of taxable be...,
What is a trivial benefit and giv...,
What is voluntary payrolling
43  cards
Trading Profits
What are the steps to tax a sole ...,
What must be added to the account...,
What must be removed from the acc...
32  cards
Income tax - Scenario based questions
0  cards
Capital Allowances
What are two types of expenditure...,
Who is entitled to capital allowa...,
Are capital allowances for a sole...
35  cards
Trading Profits - basis of assessment
Why are rules needed,
What is a basis period,
What is the current year basis cyb
15  cards
National Insurance Contributions
What national insurance is payabl...,
What national insurance is paid b...,
What national insurance is paid b...
24  cards
Capital Gains Tax
Who is a chargeable person,
What assets are exempt from charg...,
What is a chargeable disposal
18  cards
Ethics
What are the 5 fundamental princi...,
What is professional scepticism,
What is a self interest threat
19  cards
Corporation tax - taxable trading profits
What is a company,
How does a period of account diff...,
When does an accounting period start
23  cards
Corporation Tax - Payment and Administration
What is the augmented profits lim...,
What are the implications of a la...,
When is corporation tax due for n...
10  cards
VAT
What is vat chargeable on,
What are the 3 categories of vat ...,
What is outside the scope of vat
35  cards
VAT - further aspects
What number is the vat return,
How must all vat returns be paid ...,
When is vat due
31  cards
administration of tax
What are examples of careless ina...,
What are examples of deliberate i...,
What are examples of deliberate a...
16  cards

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Principles of Tax

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