Principles of Tax

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

Decks in this class (13)

1: Intro to Tax
What are three sources of tax and...,
What are the 5 types of guidance ...,
What does the tax system encourag...
21  cards
2: Intro to Income Tax
What are the 8 types of exempt in...,
What are the 5 types of income,
What s the difference between inc...
20  cards
3: Employment Income
What four things are included in ...,
What do you do with taxable benef...,
What is the taxable amount of vou...
29  cards
4: Trading Profits
What are the three steps to taxin...,
What is disallowable expenditure,
What is applying the tax year basis
23  cards
6: Capital Allowances
What are capital allowances and w...,
How would you define plant and ma...,
What are the two pools
15  cards
7: Basis of Assessment
How does apportionment work for c...,
What are the late date accounting...,
What happens with a business ceas...
7  cards
8: NICs
What two types of nics do self em...,
How are class 2 nics paid and who...,
How does the lower profit limit w...
17  cards
9: Capital Gains Tax
What is cgt and who does it apply to,
Three kind of exemptions to worry...,
What are the exempt assets
22  cards
10: Ethics
What are the five fundamental pri...,
What are the four threats to comp...,
What are the 8 safeguards against...
13  cards
11: Corp Tax 1
What is ttp,
What makes a company resident in ...,
When does an accounting period st...
25  cards
12: Corp Tax Payment
What are the aug profit limits fo...,
What must you do to the aug profi...,
What is the critical difference w...
15  cards
14: VAT
What is taxable supply and taxabl...,
Define input and output vat,
Why would you want to be vat regi...
29  cards
15: VAT - More
When and how is vat paid,
How does electronic payment chang...,
How do substantial traders work
20  cards

More about
Principles of Tax

  • Class purpose General learning

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