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ACA - Tax Fundamentals

Explain the general objectives of taxation, the influences upon the UK system of taxation, the different types of tax in the UK
Recognise the ethical issues arising in the course of performing tax work
Identify the obligations the UK system of taxation imposes on taxpayers and the implications of non-compliance
Calculate the amount of income tax owed by or owed to individuals and the amount of national insurance payable
Calculate the amount of capital gains tax and inheritance tax payable by individuals
Calculate the amount of corporation tax payable by companies including tax on a company’s chargeable gains
Calculate the amount of VAT owed by or owed to businesses
Calculate the amount of stamp taxes payable by an individual or a company

Overview

Off the shelf (OTS)

With our ACA Certificate, you'll develop deep technical knowledge across six key subjects: accounting, taxation, assurance, law, management information, and business technology and finance. Go beyond theory and learn the real-world application of critical areas from financial statements and taxation frameworks to auditing, risk management and business law.

This module will enable students to understand the general objectives of taxation and to calculate income tax, national insurance contributions, capital gains tax, inheritance tax, corporation tax, VAT and stamp taxes in straightforward scenarios.