ACCA ATX-UK Advanced Taxation (UK Variant)

The aim of the syllabus is to apply relevant knowledge and skills and exercise professional judgement in providing relevant information and advice to individuals and businesses on the impact of the major taxes on financial decisions and situations.

The Advanced Taxation – United Kingdom (ATX-UK) syllabus further develops the key aspects of taxation introduced in the compulsory Taxation – United Kingdom (TX-UK) syllabus within the Applied Skills module and extends the candidates’ knowledge of the tax system, together with their ability to apply that knowledge to the issues commonly encountered by individuals and businesses, such that successful candidates should have the ability to interpret and analyse the information provided and communicate the outcomes in a manner appropriate to the intended audience.

The syllabus builds on the basic knowledge of core taxes from the earlier taxation exam and introduces candidates to stamp taxes. As this is an optional exam, aimed at those requiring/desiring more than basic tax knowledge for their future professional lives, the syllabus also extends the knowledge of income tax, corporation tax, capital gains tax and inheritance tax to encompass further overseas aspects of taxation, the taxation of trusts and additional exemptions and reliefs.

Learning Objectives:

On successful completion of this exam, candidates should be able to:

• Apply further knowledge and understanding of the UK tax system through the study of more advanced topics within the taxes studied previously and the study of stamp taxes

• Identify and evaluate the impact of relevant taxes on various situations and courses of action, including the interaction of taxes

• Provide advice on minimising and/or deferring tax liabilities by the use of standard tax planning measures

• Communicate with clients, HM Revenue and Customs and other professionals in an appropriate manner.

• Apply employability and technology skills.