ACCA – Taxation (TX-UK)
This subject helps you develop knowledge and skills relating to the tax system
London Governance & Compliance Academy
Summary
Overview
This subject helps you develop knowledge and skills relating to the tax system as applicable to individuals, single companies, and groups of companies.
The syllabus for Taxation – United Kingdom (TX-UK) introduces you to the subject of taxation and provides the core knowledge of the underlying principles and major technical areas of taxation as they affect the activities of individuals and businesses.
You are introduced to the rationale behind – and the functions of – the tax system. The syllabus then considers the separate taxes that an accountant would need to have a detailed knowledge of, such as income tax from self-employment, employment and investments, the corporation tax liability of individual companies and groups of companies, the national insurance contribution liabilities of both employed and self-employed persons, the value added tax liability of businesses, the chargeable gains arising on disposals of investments by both individuals and companies, and the inheritance tax liabilities arising on chargeable lifetime transfers and on death.
Having covered the core areas of the basic taxes, you should be able to compute tax liabilities, explain the basis of their calculations, apply tax planning techniques for individuals and companies and identify the compliance issues for each major tax through a variety of business and personal scenarios and situations.
Furthermore, the syllabus contains outcomes relating to the demonstration of appropriate digital and employability skills in preparing for and taking the examination. This includes being able to interact with different question item types, manage information presented in digital format and being able to use the relevant functionality and technology to prepare and present response options in a professional manner.
Qualification
ACCA Diploma in Accounting and Business (RQF Level 4)
Course media
Description
Syllabus structure
-
-
The UK tax system and its administration
-
Income tax and NIC liabilities
-
Chargeable gains for individuals
-
Inheritance tax
-
Corporation tax liabilities
-
Value added tax (VAT)
-
Employability and technology skills
-
Main Capabilities
On successful completion of this subject, you should be able to:
-
-
Explain the operation and scope of the tax system and the obligations of taxpayers and/or their agents and the implications of non-compliance.
-
Explain and compute the income tax liabilities of individuals and the effect of national insurance contributions (NIC) on employees, employers and the self-employed
-
Explain and compute the chargeable gains arising on individuals.
-
Explain and compute the inheritance tax liabilities of individuals.
-
Explain and compute the corporation tax liabilities of individual companies and groups of companies.
-
Explain and compute the effects of value added tax on incorporated and unincorporated businesses.
-
Demonstrate employability and technology skills.
-
Who is this course for?
The ACCA qualification is ideal for people who want a career in finance and business.
Requirements
The Taxation (TX-UK) exam is part of the Applied Knowledge Level of the ACCA qualification. If you are graduated with a degree accredited by ACCA you are exempt from this subject.
Questions and answers
After finishing this course here, am i entitled for a Certificate from ACCA for Taxation?
Answer:No, by completing this course you will have completed one of the six subjects of the second of the three levels (the Applied Skills) that lead to the ACCA qualification. To be awarded the ACCA Certificate in Taxation (RQF Level 4), you must have successfully completed the Foundations in Taxation (FTX) examination, which must have been set and passed, and have completed the Foundations in Professionalism module.
This was helpful.
Reviews
Currently there are no reviews for this course. Be the first to leave a review.
Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.