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Sami Mustafa
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Decks in this class (27)
Chapter 1 - UK Tax
Types of tax,
Direct vs indirect,
Indirect tax
8
cards
Chapter 2 - Income Tax Computation
Basic proforma,
Non savings income,
Investment income
16
cards
Chapter 2 - Revision
Reduction of pa,
P,
Marriage allowance pa transfer
7
cards
Chapter 3 - Investment Income
Starting rate,
Tax income computation,
Nil rate bands
8
cards
Chapter 4 - Property Income
Property income,
Tax relief on interest,
Allowable expenses property
11
cards
Chapter 5 - EP'T Income - Exempt Benefits, Living Accom
Employment vs self employment,
Tax advantages of self employment,
Employment income proforma
16
cards
Chapter 5 - EP'T Income - Company Cars, Vans, Loans
Taxable benefit company car,
List price,
Appropriate percentage petrol car...
14
cards
Chapter 6 - Pensions
Amount of contribution,
What does maximum amount of relie...,
Extension of tax bands ppcs
13
cards
Chapter 7 - Self Employment Income (Allowable vs Disallowable)
Indication of trading badges of t...,
Adjusting accounting profit,
Pro forma tax adjusted trading pr...
22
cards
Chapter 9 - Partnerships
Proforma,
Changes to profit sharing ratio p...,
Proforma
4
cards
Chapter 8 - Capital Allowances
Purpose of capital allowances,
Who can claim capital allowances,
What qualifies as plant machinery
21
cards
Ch10 - Trading Losses for Individuals
Carrying forward of loss,
If no election is made,
Capital gains tax proforma
11
cards
CH11 - National Insurance
Class 1 employee nic,
Class 1 employer nic,
Gross earnings whats included and...
8
cards
CH12 - Tax Admin for Individuals
Poa reason,
Self assessment poa is only requi...,
Poa proforma
5
cards
CH13 - Corporation Tax
Period of account vs accounting p...,
Tax residence of an incorporated ...,
Total taxable profit proforma
18
cards
CH14 - Losses for Companies
Carry forward relief,
Current year relief,
Current and prior
12
cards
CH15 - Group Relief
Control is defined as,
Implications of association,
Dividends from association compan...
10
cards
Ch16 - Tax Admin for Companies
Filing date self assessment,
Payment date,
Notification of chargeability
11
cards
Ch17 - Gains Computation and CGT
Chargeable disposals,
Exempt disposals,
Chargeable assets
12
cards
CH18 - CGT - Special Rules
Transfer between spouses and civi...,
Reason for transferring between s...,
Part disposal
19
cards
CH19 - Shares and Securities for Individuals - CGT
Exempt securities,
Valuation of quoted shares,
Identification of shares sold how...
9
cards
CH20 - Individual Relief
Prr private residence relief comp...,
Prr periods of occupation,
Owning more than one residence
31
cards
CH22 - IHT
Transfer value basis,
Chargeable persons,
What gets charged
32
cards
CH10 - Individual Trading Losses v2
Current or previous year total in...,
Opening years relief first four t...,
Terminal loss relief
6
cards
DATES
Badr claim time,
Companies carry forward relief,
Companies cy relief
7
cards
CH23 - VAT
Registration historic turnover an...,
Historic turnover last 12 months ...,
Prior to reg
10
cards
Final Notes - Exam 2
Record retenntion,
Vat expenses,
Compliance checks corp tax
6
cards
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Taxation
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