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

Decks in this class (16)

1 Ethics
0  cards
2 Intro to taxation
1  cards
3 Intro to Income Tax
3 types of income,
Difference between net income and...,
Expl
9  cards
4 employment income
2 general rules regarding benefit...,
Explain the basic rental benefit ...,
Explain the market value rule
6  cards
5 Trading profits
What are the badges of trade if p...,
Computing taxable trading profits...,
Explain the trading allowance ava...
6  cards
13 Administration of tax
3 issues of tax returns,
What are the types of return and ...,
Explain partnership tax returns
15  cards
6 capital allowances
Explain the within which and with...,
Explain how we use acquisition co...,
Explain how disposal value is use...
13  cards
7 Trading Profits - basis of assessment
What are the tax basis rules when...,
Explain the first tax year rule,
Explain the continuing trades sub...
6  cards
8 National Insurance Contributions
What are national insurance contr...,
What are class 1 primary nics,
What are class 1 secondary nics
7  cards
9 Capital Gains tax - individuals
Steps for computing a gain or a loss,
E steps for determining if there ...,
Explain disposal consideration in...
13  cards
10 corporation tax
Overview of corporation tax compu...,
What are the adjustments to tradi...,
What are the capital allowances f...
18  cards
11 Value Added Tax
What are the two types of vat,
Define taxable supply taxable person,
3 classification of supplies with...
19  cards
13 administration of tax
Explain the notice of chargeabili...,
Corporation tax payment dates,
Corporation tax interest
4  cards
12 Value Added Tax - further aspects
Explain vat periods,
Explain vat returns,
3 step process for calculating va...
5  cards
Qs i got wrong 1
4  cards
Qs i got wrong 2
3  cards

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Tax

  • Class purpose General learning

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