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ACCA F6 Taxation Syllabus And Detail Information

ACCA F6 Taxation Syllabus And Detail Information

ACCA F6 Taxation Syllabus And Detail Information : This explains briefly the overall objective of the paper and indicates in the broadest sense the capabilities to be developed within the paper.

ACCA F6 Taxation Syllabus And Detail Information

ACCA F6 Taxation Syllabus And Detail Information : This is a narrative explaining how the syllabus is structured and how the main capabilities are linked. The rationale also explains in further detail what the examination intends to assess and why.

This shows the breakdown of the main capabilities (sections) of the syllabus into subject areas. This is the blueprint for the detailed study guide.

ACCA F6 Taxation Syllabus And Detail Information : MAIN CAPABILITIES

On successful completion of this paper candidates should be able to:

A Explain the operation and scope of the tax system and the obligations of tax payer and/or their agents and the implications of noncompliance

B Explain and compute the income tax liabilities of individuals and the effect of national insurance contributions (NIC) on employees, employers and the self-employed

C Explain and compute the chargeable gains arising on individuals

D Explain and compute the inheritance tax liabilities of individuals

E Explain and compute the corporation tax liabilities of individual companies and groups of companies

F Explain and compute the effects of value added tax on incorporated and unincorporated businesses

 ACCA F6 Taxation Syllabus And Detail Information : DETAILED SYLLABUS

A. The UK tax system and its administration

1. The overall function and purpose of taxation in a modern economy

2. Principal sources of revenue law and practice

3. The systems for self-assessment and the making of returns

4. The time limits for the submission of information, claims and payment of tax, including payments on account

5. The procedures relating to compliance checks, appeals and disputes

6. Penalties for non-compliance

B. Income tax and NIC liabilities

1. The scope of income tax

2. Income from employment

3. Income from self-employment

4. Property and investment income

5. The comprehensive computation of taxable income and income tax liability

6. National insurance contributions for employed and self-employed persons

7. The use of exemptions and reliefs in deferring and minimising income tax liabilities

C. Chargeable gains for individuals

1. The scope of the taxation of capital gains

2. The basic principles of computing gains and losses

3. Gains and losses on the disposal of movable and immovable property

4. Gains and losses on the disposal of shares and securities

5. The computation of capital gains tax

6. The use of exemptions and reliefs in deferring and minimising tax liabilities arising on the disposal of capital assets

D. Inheritance tax

1. The basic principles of computing transfers of value

2. The liabilities arising on chargeable lifetime transfers and on the death of an individual

3. The use of exemptions in deferring and minimising inheritance tax liabilities

4. Payment of inheritance tax

E. Corporation tax liabilities

1. The scope of corporation tax

2. Taxable total profits

3. Chargeable gains for companies

4. The comprehensive computation of corporation tax liability

5. The effect of a group corporate structure for corporation tax purposes

6. The use of exemptions and reliefs in deferring and minimising corporation tax liabilities

F. Value added tax

1. The VAT registration requirements

2. The computation of VAT liabilities

3. The effect of special schemes

ACCA F6 Taxation Syllabus And Detail Information

ACCA F6 Taxation Syllabus And Detail Information : The syllabus is assessed by a three-hour examination available in both computer-based and paper-based formats.*

*For paper-based exams there is an extra 15 minutes to reflect the manual effort required.

The exam will be predominantly computational and all questions are compulsory.

Section A of the exam comprises 15 multiple choice questions of 2 marks each.

Section B of the exam comprises three 10 mark questions which comprise five multiple choice questions of 2 marks each. Section C of the exam will comprise one 10 mark question and two 15 mark questions. The two 15 mark questions will focus on income tax (syllabus area B) and corporation tax (syllabus area E).

All other questions can cover any areas of the syllabus.

 ACCA F6 Taxation Syllabus And Detail Information 

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