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abbie duncan
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Decks in this class (42)
Chapter 1 - UK Tax System
What is income tax charged on 1,
True or false scottish taxpayers ...,
What is the welsh rate of income ...
19
cards
Chapter 2 - Calculating Income Tax
What are the three types of non s...,
True or false foreign income may ...,
True or false deductible payments...
12
cards
Chapter 3 - Taxation of Interest
Where is interest added in the ta...,
True or false all uk bank and bui...,
True or false interest credited t...
9
cards
Chapter 4 - Taxation of Dividend Income
What is a dividend 1,
When are dividends taxed 2,
True or false the dividend ordina...
9
cards
Chapter 5 - Other Taxable Income
At what rate is it assumed a taxp...,
What is the figure used to calcul...,
True or false discretionary trust...
19
cards
Chapter 6 - Deductible Payments
How do we arrive at taxable income 1,
What is the most important type o...,
What are the main reliefs availab...
12
cards
Chapter 7 - Relief for Married Couples
What is the amount of personal al...,
True or false the gaining party w...,
How do you work out the income ta...
4
cards
Chapter 8 - Tax Reducers
How is tax relief applied to the ...,
How is tax relief applied to the ...,
What happens if the tax relief is...
6
cards
Chapter 9 - Tax Relief on Charity Donations
At what rate of tax are gift aid ...,
True or false adjustments have to...,
How do you work out the basic rat...
6
cards
Chapter 10 - Scottish & Welsh Taxpayers
True or false welsh tax rates bas...,
What is the starter rate of tax i...,
What is the basic rate of tax in ...
14
cards
Chapter 11 - Self Assessment
If an individual becomes chargeab...,
What will the penalty be for a de...,
What will the penalty be for a de...
23
cards
Chapter 12 - Payment Dates, Interest, & Penalties
When is the first payment on acco...,
When is the second payment on acc...,
When does the taxpayer make a bal...
12
cards
Chapter 14 - Property Income
True or false premiums on leases ...,
What is the threshold for the cas...,
Where a taxpayer makes an electio...
28
cards
Chapter 15 - Further Aspects
True or false profits of an overs...,
What conditions must be satisfied...,
Accommodation is not normally reg...
17
cards
Chapter 16 - Employment Income & Benefits
Define net deductions 1,
What is the receipts basis 2,
Employees charged on the receipts...
11
cards
Chapter 17 - Company Car & Fuel Benefits
True or false the employee will h...,
What is the threshold for adding ...,
What is the maximum deduction for...
22
cards
Chapter 18 - Living Accommodation
Define job related accommodation 1,
What cash equivalent of the accom...,
True or false where a lease premi...
9
cards
Chapter 19 - Loans to Employees & Use of Assets
Will the employee have a taxable ...,
How do you calculate the average ...,
True or false if the employee is ...
12
cards
Chapter 20 - Misc Benefits & Benefit Reporting
Will there be a taxable benefit w...,
What is the van rate for 2024 25 2,
What is the van fuel rate for 202...
23
cards
Chapter 21 - Expenses of Employment
Name the 5 categories of allowabl...,
What are the two criteria a deduc...,
What is the question hmrc would a...
14
cards
Chapter 22 - Class 1 NIC
Who pays primary and secondary cl...,
What are class 1 nics paid on 2,
When are primary secondary nics a...
18
cards
Chapter 23 - Class 1A & Class 1B NIC
Who pays class 1a nic 1,
What is class 1a nic paid on 2,
At what rate are class 1a nics pa...
8
cards
Chapter 24 - Class 4 NIC
Who pays class 4 nic 1,
What rate are class 4 nics paid a...,
What rate are class 4 nics paid a...
8
cards
Chapter 26 - Termination Payments
What do typical termination payme...,
How is a termination payment trea...,
What does s401 itepa 2003 apply to 3
20
cards
Chapter 26 - Pension Schemes
What are the main ways of providi...,
True or false registered pension ...,
If an individual draws from their...
14
cards
Chapter 27 - Misc Provisions
What are the four types of isa 1,
How much can be invested in an is...,
What is the cap on lifetime isa s...
10
cards
Chapter 28 - EIS
How do you calculate the eis tax ...,
What is the max investment eligib...,
True or false you cannot carry ba...
13
cards
Chapter 29 - VCT
How do you calculate the income t...,
True or false vct can be carried ...,
Dividends on the first what amoun...
6
cards
Chapter 30 - Introduction to Share Schemes
What are the four main types of t...,
Define a share option 2,
What are some reasons for setting...
10
cards
Chapter 31 - Share Incentive Plans (SIPs)
What happens when a trust acquire...,
True or false the shares can be o...,
Explain free shares 3
13
cards
Chapter 32 - Save as you Earn Schemes
Define what a saye scheme is 1,
What criteria must be met for a s...,
Options can be discounted up to a...
9
cards
Chapter 33 - Company Share Option Plans
Define a company share option pla...,
True or false employees with more...,
What are the main conditions of c...
8
cards
Chapter 34 - Enterprise Manager Incentives
Emi s can be used to give options...,
What criteria must a company meet...,
Those with more than what amount ...
9
cards
Chapter 35 - Statutory Residence Rules
What are the three sections of th...,
Under the automatic overseas test...,
Under the automatic uk test an in...
25
cards
Chapter 36 & 37 - Domicile & Deemed Domicile
Define domicile of origin 1,
Define domicile of dependence 2,
Define domicile of choice 3
6
cards
Chapter 38 - Taxation of Foreign Income
True or false personal allowance ...,
Uk resident individuals pay incom...,
If a uk resident is not domiciled...
4
cards
Chapter 39 - The Remittance Basis
In what circumstance can a claim ...,
How is foreign income taxed on th...,
How is the personal allowance cgt...
5
cards
Chapter 40 - Remittance Basis Charge
When would the remittance basis c...,
How much is the rbc 2,
In what circumstance would the rb...
5
cards
Chapter 41 - Overseas Aspects of Employment Income
The way in which employment incom...,
What is the receipts basis 2,
How is the employment income of s...
9
cards
Chapter 42 - Double Tax Relief
In what circumstance does double ...,
Define unilateral relief 2,
The tax credit is the lower of wh...
5
cards
Chapter 43 - The Accrued Income Scheme
In what circumstance does the acc...,
Individuals are not caught by the...,
How does the scheme allocate the ...
5
cards
Chapter 44 - Beneficiaries of Deceased Estates
Who are executors appointed by 1,
How are beneficiaries taxed 2,
How are income payments to benefi...
5
cards
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ATT - Personal Tax
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