Principles of Tax

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

Decks in this class (15)

Introduction to taxation
What are the sources of tax law 1,
What is hmrc 2,
What is statements of practice 3
42  cards
Introduction to income tax
What are two broad types in which...,
What are the six main sources of ...,
What is the treatment for income ...
51  cards
Employment Income
What are some exempt benefits of ...,
What is a trivial benefit and giv...,
What is voluntary payrolling 3
43  cards
Trading Profits
Define allowable expenditure 1,
What must be added to the account...,
What must be removed from the acc...
32  cards
Income tax - Scenario based questions
0  cards
Capital Allowances
What are two types of expenditure...,
Who is entitled to capital allowa...,
Are capital allowances for a sole...
35  cards
Trading Profits - basis of assessment
Why are rules needed 1,
What is a basis period 2,
What is the current year basis cyb 3
15  cards
National Insurance Contributions
What national insurance is payabl...,
What national insurance is paid b...,
What national insurance is paid b...
24  cards
Capital Gains Tax
Who is a chargeable person 1,
What assets are exempt from charg...,
What is a chargeable disposal 3
18  cards
Ethics
What are the 5 fundamental princi...,
What ethical factor should be app...,
What is a self interest threat 3
19  cards
Corporation tax - taxable trading profits
What is a company 1,
How does a period of account diff...,
When does an accounting period st...
23  cards
Corporation Tax - Payment and Administration
What is the augmented profits lim...,
What are the implications of a la...,
When is corporation tax due for n...
10  cards
VAT
What is vat chargeable on 1,
What are the 3 categories of vat ...,
What is outside the scope of vat 3
35  cards
VAT - further aspects
What number is the vat return 1,
How must all vat returns be paid ...,
When is vat due 3
31  cards
administration of tax
What are examples of careless ina...,
What are examples of deliberate i...,
What are examples of deliberate a...
16  cards

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Principles of Tax

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