ICAEW CFAB-Principle of Taxation - 24C1ACC50722401
On completion of the Principles of Taxation course, students will be able to:
- explain the general objectives of taxation, the influences upon the UK system of taxation, the different types of tax in the UK;
- recognize 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 payable by individuals and the chargeable gains subject to corporation tax;
- calculate the amount of corporation tax payable by companies; and
- calculate the amount of VAT owed by or owed to businesses.