The course is planned to prepare you for success in the Tax Compliance exam. This is our key objective. We assume that you have done some preparatory work prior to the commencement of the course and that we can build on this through the duration of the course.
Overview
Course Content
Course contents
The ethical implications of dealing with UK taxes
How to compute an individual’s Income Tax (IT) liability
Calculating taxable income from property
Tax relief for pension contributions
Calculating taxable employment income
How trusts are charged income tax
Working out the taxable profits of a sole trade business
How to obtain tax relief for loss-making businesses
How partnerships are taxed
How Capital Gains Tax (CGT) is charged on disposals of assets
Reliefs that can reduce CGT liability
How CGT is charged on leasehold property
How tax affects non-residents and non-UK income
Calculating National Insurance on earned income
Value Added Tax (VAT) on goods and services
Stamp Taxes on purchases of shares or land
Inheritance Tax on estates and lifetime gifts
Corporation Tax on company profits
Special tax rules for groups of companies
Course Objective and Approach:
The course is planned to prepare you for success in the Tax Compliance exam. This is our key objective. We assume that you have done some preparatory work prior to the commencement of the course and that we can build on this through the duration of the course.
The course will consist of 4 phases:
A ECR phase 1 to revise prior assumed knowledge and acquire NEW knowledge (must be watched before the start of the taught phase);
A face-to-face taught phase to review the ECR phase 1, to cover new knowledge and to prepare students for ECR Phase 2 (5 lectures x 3 hrs);
A ECR phase 2 to acquire NEW knowledge (must be watched before start of the revision phase);
A revision phase (10 lectures x 3 hrs).
Lectures will follow the content of BPP course notes and will include extensive practice on questions from the ICAEW Question Bank.
You will be set assignments at the end of each lecture session. All assignments will be reviewed/ assessed by the course tutor in the following session.
The course is interactive and you will be encouraged to participate in class discussions.
“Completeness” is a key audit assertion. To meet the key course objective of exam success you need to be complete in your exam preparation. The course is aimed at exposure/ coverage to/ of most exam matters. You will be expected to attend all lectures and revisions, complete all course assignments and sit for and return all PT and ME answers.
Through face-to-face classes, City Academy helped our students achieve high pass rates for the advanced level papers in Strategic Business Management and Corporate Reporting and enabled Ms Lim Jia En to achieve a high score of 96% in Audit Assurance exam.
GST Stands for good and services tax, also sometimes labelled as bored based value added tax. This tax is levied on all the money related transactions that happen in the day to day life of a person.
The target audience includes in-house corporate tax managers/ executives, taxation professionals, accountants and banking and finance professionals, as well as those with partial/ full tax job scope dealing with overseas tax stakeholders.
Digitalization has changed our way of life. The COVID-19 restrictions have pushed the demand for digital goods and services in manifolds. GST is no longer a domestic tax, and it has since progressed beyond the boundaries.
Stamp Duty (Taxation) course is offered by Pioneer Training and Consultancy. Our Learner's Guide has been developed in-house and has been approved by CEA to ensure that our training remains relevant and adheres to high industry standards.
Candidates will learn how to appreciate tax planning opportunities under domestic taxation laws. Candidates will also be expected to understand international taxation and comparative tax treatments for financial risk management considerations, though not in a tax planning or advisory role.
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