ATX UK Textbook Syllabus
Chapter 1
Professional marks
Changes in FA22
Chapter 2
Syllabus A1. Income tax
A1a. Income from employment
- A1a. The factors - employment or self-employment
- A1a. Basis of assessment for employment income
- A1a. Income assessable
- A1a. Allowable deductions
- A1a. PAYE System
- A1a. The authorised mileage allowances
- A1a. Use and gift benefit
- A1a. Living accomodation
- A1a. Motor cars, Vans and private fuel benefit
- A1a. Beneficial loan benefit
- A1a. Other benefits
- A1a. RTI Reporting
A1a. Income from self-employment
- A1a. Basis of assessment for self employment income
- A1a. Badges of trade
- A1a. Allowable expenditure
- A1a. Cash Basis for Small Business
- A1a. Relief for pre-trading expenditure
- A1a. Assessable profits on commencement
- A1a. Assessable profits on cessation
- A1a. Capital allowances
- A1a. Relief for trading losses
- A1a. Partnerships and limited liability partnerships
A1a. Property and investment income
- A1a. Computation of property business profits
- A1a. Furnished holiday lettings
- A1a. Rent a room relief
- A1a. Premiums granted for short leases
- A1a. Property income finance costs
- A1a. Property business loss relief
- A1a. Tax payable on savings and dividend income/Income tax computation/Income tax payable
- A1a. Savings income starting rate band
- A1a. Individual Savings Accounts and other tax exempt investments
A1a. The comprehensive computation of taxable income and income tax liability
- A1a. Personal allowance
- A1a. Transferable Personal Allowance
- A1a. Qualifying loans
- A1a. Gift aid donations
A1a. National insurance contributions for employed and self-employed persons
All subject exam questionsA1a. The use of exemptions and reliefs in deferring and minimising income tax liabilities
All subject exam questionsA1b. The Scope of Income Tax
- A1bi/ii. Residence and Domicile for Income Tax
- A1biii. Coming to and leaving the UK
- A1biv/vi. OECD Model and Double Taxation Relief
A1c. Income from employment
- A1ci. Share option/Share incentive schemes
- A1cii. Lump sum receipts
- A1civ/A4vvi. Personal Service Companies
A1d. Income from self employment
- A1di. Choice of accounting date
- A1dii. Transfer of a business to a company5:35
- A1div/A4ei. Related companies - Annual Investment Allowance
A1e. Property and investment income
- A1ei. Jointly owned property by a married couple/civil partners
- A1eii. Savings income paid net of tax
- A1eiii. Income tax position of trusts
A1f. Income tax computation and income tax liability
A1g. Exemptions and Reliefs for I.T.
All subject exam questionsChapter 3
Syllabus A2. Chargeable gains
A2a. The scope of the taxation of capital gains
A2a. The basic principles of computing gains and losses
- A2a. The treatment of capital gains
- A2a. The treatment of capital losses
- A2a. Allowable expenditure on a part disposal
A2a. Gains and losses on the disposal of movable and immovable property
All subject exam questionsA2a. The use of exemptions and reliefs in deferring and minimising tax liabilities arising on the disposal of capital assets
- A2a. Entrepreneurs' relief7:01
- A2a. Investors Relief
- A2a. Rollover relief
- A2a. Holdover relief7:01
- A2a. Capital gains tax planning5:08
A2b. The scope of CGT
- A2bi. Transfers between husband and wife or civil partners
- A2bii/iii. Residence, Domicile and Deemed Domicile for CGT
- A2biv. Double tax relief
- A2bv. Temporary Absence
- A2bvi. UK Located Land and Buildings
- A2bvii. Partnership Disposals
A2d. Principles of computing gains and losses
All subject exam questionsA2e. Disposal of movable and immovable property
A2g. Exemptions and Reliefs for C.G.T.
- A2gi. EIS Reinvestment Relief1:43
- A2gii. SEIS Reinvestment Relief1:43
- A2giii. Associated disposals for Entrepreneurs’ Relief / Business asset disposal relief
- A2giv. Transferring a business to a company9:27
A2. In the exam
Chapter 4
Syllabus A3. Inheritance Tax
A3a. Basic principles of computing transfers of value
All subject exam questionsA3a. IHT arising on lifetime transfers and on death
- A3a. Tax implications of lifetime transfers
- A3a. Transfer of unused NRB between spouses
- Residence NRB
A3a. Exemptions to defer / minimise IHT
All subject exam questionsA3b. The scope of IHT
All subject exam questionsA3c. Computing transfers of value
- A3ci. Principles of valuation
- A3cii. ii.Business property and agricultural property relief3:11
- A3ciii. Exempt transfers
A3d. IHT liabilities on lifetime transfers during life and death
- A3di. Transfer of value, Chargeable Transfer, Potentially Exempt Transfer
- A3dii. Taper Relief
- A3diii. IHT liability on the death estate
- A3div. Fall in value of lifetime gifts
- A3dv. Quick succession relief
- A3dvi. Double tax relief for inheritance tax
- A2gv/A3dvii. Deed of variation
A3g. IHT administration
All subject exam questionsChapter 5
Syllabus A4. Corporation Tax
A4a. The scope of corporation tax
All subject exam questionsA4a. Taxable total profits
- A4a. Allowable expenditure in calculating T.A.T.P.
- A4a. Relief for pre-trading expenditure
- A4a. Capital allowances
- A4a. Property business profits/losses - for Companies
- A4a. Relief for Trading losses - for Companies
- A4a. Current year relief of trading losses
- A4a. Carry back relief of trading losses
- A4a. The carry back of a loss - periods of less than 12 months
- A4a. Carry forward relief of trading losses
- A4a. Terminal loss relief
- A4a. Factors that influence choice of loss relief claim
- A4a. Loan relationship rules
- A4a. Qualifying charitable donations
- A4a. Computation of taxable total profits
A4a. Chargeable gains for companies
- A4a. Capital gains computation
- A4a. Capital losses
- A4a. Disposals of shares by companies, with share identification rules
- A4a. Bonus issues, rights issues, takeovers and reorganisations
- A4a. Rollover relief
A4a. The comprehensive computation of corporation tax liability
A4a. Group corporate structure for C.T.
All subject exam questionsA4b. The scope of CT
- A4bi. Companies with investment businesses
- A4bii. Close companies6:01
- A4biii. Accounting periods on winding up
- A4biv. Tax treatment of returns on winding up
- A4bv. Purchase by a company of its own shares
A4c. Taxable total profits
- A4ci. Research and development expenditure
- A4civ. Non trading deficit
- A4eii. Intangible fixed assets
- A4cv. Transfer Pricing
- A4cvi. Restriction on the use of losses
A4d. The corporation tax liability
- A4di/ii. Permanent establishment
- A4diii. Controlled foreign companies
- A4div. Overseas company trading in the UK
- A2dv. Double taxation relief
A4e. Group Structure for C.T.
- A4eiv/v. Consortium owned company and member
- A4evi. Pre-entry losses
- A4evii/A4eviii. Degrouping charge
- A4eix. Tax treatment of overseas branch
A4f. Exemptions and reliefs for C.T.
All subject exam questionsChapter 6
Syllabus A5. Stamp Taxes
A5b. Liabilities arising on transfers
A5c/d. Exemptions and Reliefs
All subject exam questionsChapter 7
Syllabus A6. Value Added Tax
A6a. The VAT registration requirements
- A6a. VAT Registration - Compulsory and Voluntary
- A6a. Circumstances for pre-registration VAT can be recovered
- A6a. Conditions for companies to be treated as VAT group
A6a. Computation of VAT liabilities
- A6a. Calculate the amount of VAT payable/recoverable
- A6a. Understand how VAT is accounted for and administered
- A6a. Recognise the tax point when goods or services are supplied
- A6a. Information that must be given on a VAT invoice
- A6a. Principles regarding the valuation of supplies
- A6a. Principal zero rated and exempt supplies
- A6a. Circumstances in which input VAT is non-deductible
- A6a. Relief available for impairment losses on trade debts
- A6a. Default surcharge and penalty for incorrect VAT return
- A6a. Treatment of imports to the UK exports from the UK
A6a. The effect of special schemes
All subject exam questionsA6a. Additional Material
- iii. Land and Buildings
- A6aiv. VAT implications of partial exemption
- A6av. Capital goods scheme
- A6a. Transfer of a going concern5:46
A6b. The overall function and purpose of taxation
A6b. Principal sources of revenue law and practice
- A6b. The overall structure of the UK tax system
- A6b. The different sources of revenue law and HMRC terms of reference.
- A6b. The difference between tax avoidance and tax evasion2:48
- A6b. The interaction of the UK tax system with other tax jurisdictions
- A6b. The need for an ethical and professional approach
A6b. The systems for self-assessment and the making of returns
- A6b. The features of self- assessment for Individuals
- A6b. The features of self- assessment system for companies
A6b. The Time Limits
A6b. The Procedures relating to compliance checks, appeals and disputes
A6b. Penalties for non-compliance
A6bi. Offshore Matters
Chapter 8
Syllabus B. Financial Decisions made by a business
B2. Alternative ways of achieving outcomes
All subject exam questionsB3. Different types of finance and investment
Chapter 9