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Simon Adams
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Decks in this class (25)
The UK TAX System
What are 6 purposes of taxation,
What is the economic purpose of t...,
What current uk tax system encour...
51
cards
Basic income tax computation
What is the length of tax year,
What is personal allowance,
Who is assessable persons for inc...
42
cards
Investment income
What are the main savings income,
What are the other sources of sav...,
Who applies to a starting rate of...
16
cards
Property income
What is the cash basis for proper...,
The main rules for property incom...,
What expenses could be deducted f...
23
cards
Employment income
What is the distinction between e...,
What is the difference laid down ...,
Employment
57
cards
Pensions
What is a pension scheme,
What is the investing in a pensio...,
What are the tax advantages of in...
29
cards
Income from self-employment
What is a trading income,
Who is referred as self employed ...,
What means current year basis cyb
42
cards
Capital allowances
What is the purpose of capital al...,
Who may claim capital allowances,
What is qualifying expenditure ca...
45
cards
Sole traders: Basis of assessment
What is the basis of period for t...,
What is the ongoing basic rule,
For the first tax year what is th...
15
cards
Partnerships
Definition of the partnership,
What is the basis of assessment o...,
How to determine a partner s taxa...
13
cards
Trading losses for individuals
When trading loss arises,
When can trading loss can occur,
Capital allowances in identifying...
37
cards
National Insurance
The main classes of contribution,
The class 1 employee basis of ass...,
The class 1 employer s basis of a...
30
cards
Tax administration for individuals
Self assessment own tax liability,
When is the return filing deadlin...,
Return calculation of tax where a...
56
cards
Corporation Tax
How is corporation tax assessed,
What is period of account,
What is accounting period
53
cards
Losses for companies
Calculation of trading loss,
What are the four ways in which a...,
What are the key features of carr...
16
cards
Groups of companies
To who is available group loss re...,
Two companies are members of a 75...,
A company the parent company has ...
26
cards
Tax administration for a company
The self assessment for companies...,
The self assessment tax return mu...,
The self assessment tax return must
32
cards
Computation of gains and tax payable
What is capital gains tax charged,
Chargeable persons regarding disp...,
Chargeable disposal
27
cards
Computation of gains: Special rules
The basic pro forma for calculati...,
Where an asset is transferred bet...,
Married couples and civil partner...
25
cards
CGT: Shares and securities for individuals
All shares and securities dispose...,
A qualifying corporate bond is on...,
How is identified market value of...
14
cards
CGT: Relief for individuals
The main relief available to indi...,
The main relief available to indi...,
Private residence relief applies ...
37
cards
Chargeable gains for companies
Chargeable gains for company,
Calculation of total net chargeab...,
Pro forma companies calculation
19
cards
Inheritance tax
Inheritance tax is charged on,
A charge to inheritance tax arises,
Who is the donor
48
cards
VAT Outline
What is vat,
Who is a taxable person,
What is a taxable supply
47
cards
VAT: Administration and overseas aspects
All registered traders have to re...,
What is the deadline for filing a...,
Vat refunds
25
cards
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taxation fa22
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