Principles of Tax

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

Decks in this class (12)

Ethics
What are the 5 further standards ...,
What are the factors in the confl...,
What are the steps to the conflic...
12  cards
Introduction to Taxation
What does the government encourag...,
What does the government discoura...,
What are the taxation principles ...
23  cards
Introduction to Income Tax
How are children treated with reg...,
What are the 2 types of income,
What are the main types of charge...
16  cards
Employment Income
What does employment income include,
When are the earnings assessed,
What benefits are taxable
20  cards
Trading Profits
What is a badge of trade,
What are the badges of trade,
What are the 2 methods of prepari...
15  cards
Capital Allowances
How do we decide if something is ...,
Who is entitled to capital allowance,
What is done when an owner brings...
15  cards
Trading Profits - basis of assessment
What does the tax year basis rule...,
When is the assessable period for...,
What is done to profits when the ...
7  cards
National Insurance Contributions
What are national insurance contr...,
What are the classes of national ...,
What is class 1 primary nic
9  cards
Capital Gains Tax - individuals
When is there a chargeable gain a...,
What is the first step in decidin...,
Who are exempt from capital gains
17  cards
Corporation Tax
What is corporation tax charged on,
When is a company liable to corpo...,
What is a chargeable accounting p...
20  cards
VAT
What are output and input vat,
What do businesses pay to hmrc,
What is a taxable supply
28  cards
Administration of Tax
0  cards

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Principles of Tax

  • Class purpose General learning

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