This class was created by Brainscape user Christopher White. Visit their profile to learn more about the creator.
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Decks in this class (18)
Chapter 1: Introduction to Business Tax
Fiscal year income tax 1,
Financial year corp tax 2,
Hmrc regulations and guidance 3
9
cards
Chapter 2: Sole Traders - Trade Profits - badges of trade
Income tax v capital gains tax 1,
Income tax v capital gains tax 2,
Hmrc uses badges of trade to conc...
12
cards
Chapter 2: Sole Traders - Trade Profits
Reasons for adjusting profits 1,
Adjustment steps to work through 2,
Proforma to adjust profits 3
12
cards
Chapter 3: Sole Traders - Capital allowances
Expenditure qualifying for capita...,
Definition of plant 2,
Hmrc allowance of specific items ...
23
cards
Chapter 4: Sole Traders - Basis periods
True or false a trader can make u...,
What is current year basis 2,
First year of trade for example s...
12
cards
Chapter 5: Sole Trader - Losses
What will it say if there is a lo...,
Loss can be offset against future...,
Losses can be offset against curr...
7
cards
Chapter 3: Sole Traders - Capital allowance (Summary)s
Aia limit pro rate qualifying ass...,
Wda limit pro rate qualifying ass...,
Fya limit pro rate qualifying ass...
16
cards
Chapter 6: Partnerships
Changes to profit sharing agreeme...,
Partner joins 2,
Partner leaves 3
6
cards
Chapter 7: NI
Sole traders and partnerships 1,
How can class 2 ni be avoided 2
2
cards
Chapter 8: Sole trader and partnerships Tax administration
Paper returns notice to file 1,
Electronic returns notice to deli...,
Late payment within 30 days of du...
6
cards
Chapter 9: Companies - TTP
Do companies include dividends re...,
3 rules trading profits 2,
How to work out interest income 3
9
cards
Chapter 10 - adj to profit
Capital allowances 1,
Super deductions capital allowanc...
2
cards
Chapter 11 - Calculating corporation tax
Calculating corp tax 1
1
cards
Chapter 12: Companies - losses
Need to learn not in ref 1,
Capital losses 2,
Property business losses 3
8
cards
Chapter 13: Companies - Chargeable Gains
Indexation 1,
Rollover relief qualifying assets 2,
Rollover relief obtain 100 relief 3
6
cards
Chapter 14: Companies - Share Disposal
Matching rules 1,
What is an event bi or ri 2
2
cards
Chapter 15: Companies - Tax administration
What is considered a large company 1,
Augmented profits 2,
51 group companies 3
5
cards
Chapter 17: Tax planning (Task 9)
Things to consider for profit ext...,
Ni payable on salaries and divide...,
Tax planning for spouses civil pa...
4
cards
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