ACCA December Lectures for March Exams (TX-Taxation (UK Variant) (Fundamental, Applied Skills))
About This Course
The Taxation (TX) module focuses on the UK taxation system and its application to individuals, businesses, and organizations. It covers the fundamental principles of taxation, including income tax, corporation tax, VAT, and capital gains tax, providing students with a comprehensive understanding of the UK tax system. This course equips students with the skills necessary to apply tax regulations and rules to real-life scenarios and to advise businesses and individuals on tax planning and compliance.
Learning Objectives
Understand the structure and functioning of the UK tax system, including key taxes such as income tax, corporation tax, and VAT.
Apply tax laws and principles to individuals and businesses, ensuring compliance with tax regulations.
Calculate and prepare tax returns for individuals and companies, incorporating income tax, capital gains tax, and corporation tax.
Advise clients or organizations on tax planning opportunities, taking into account relevant tax reliefs and exemptions.
Analyze the impact of tax laws on business operations, including the taxation of profits, dividends, and capital gains.
Demonstrate an understanding of anti-avoidance provisions and tax evasion laws in the UK tax system.
Prepare and interpret tax calculations in compliance with UK tax legislation.
Requirements
- Basic understanding of financial accounting and reporting principles (e.g., FA – Financial Accounting).
- Access to ACCA-approved study materials and relevant tax law updates.
- Commitment to attending lectures, engaging in discussions, and completing practice exercises on tax calculations and returns.
- Familiarity with UK taxation rules and an understanding of how taxation affects business decisions.
Target Audience
- ACCA candidates pursuing the Applied Skills Level qualification.
- Aspiring tax advisors, accountants, and finance professionals who need to understand UK tax laws and regulations.
- Individuals looking to specialize in taxation or work in advisory roles in tax planning and compliance.
- Business owners, managers, or entrepreneurs seeking to understand the implications of taxation on their financial decisions.
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