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ACCA ATX · Strategic Professional

B. Income tax

Explore complex aspects of UK income tax, including residence, employment benefits, savings, and pension planning. Emphasis is placed on tax efficiency and advisory scenarios.

  • 117 lessons
  • 16 modules
  • 8.4h of video
Start the first lesson → About the ACCA ATX course

The lessons

117 lessons, module by module.

Self assessment (TX revision)

6 lessons
  1. 1 Overview - self assessment 4m
  2. 2 Time limits 3m
  3. 3 Penalties and interest 13m
  4. 4 Payments on account 9m
  5. 5 Record keeping 1m
  6. 6 Compliance checks 3m

Income tax calculation (TX revision)

15 lessons
  1. 1 Introduction 2m
  2. 2 Scope of income tax 2m
  3. 3 Chargeable and exempt income 3m
  4. 4 Personal allowance 4m
  5. 5 Tax bands and rates 3m
  6. 6 The income tax proforma 9m
  7. 7 Employment income and trade profit proformas 2m
  8. 8 Interest and other income 3m
  9. 9 Income tax liability and illustration 3m
  10. 10 PA reduction and illustration 5m
  11. 11 Setting off the PA and illustration 3m
  12. 12 Qualifying loans and illustration 3m
  13. 13 Paying royalties 1m
  14. 14 Marriage allowance and illustration 4m
  15. 15 Jointly owned property, taxation of children and illustration 9m

Employment income (TX revision)

15 lessons
  1. 1 Employment income overview 9m
  2. 2 Basis of assessment 4m
  3. 3 The employment income proforma 2m
  4. 4 Employment benefits 6m
  5. 5 Benefits - cash equivalent 1m
  6. 6 Company car benefit 7m
  7. 7 Illustration - diesel company car benefit 3m
  8. 8 Private fuel benefit 4m
  9. 9 Van benefit 2m
  10. 10 Beneficial loan benefit 4m
  11. 11 Living accommodation benefit 8m
  12. 12 Use/gifts of assets and admin of benefits 7m
  13. 13 Allowable deductions including travel expenses 6m
  14. 14 PAYE system 5m
  15. 15 IT employment income - question 5m

Employment income - ATX issues

10 lessons
  1. 1 Share schemes - introduction 4m
  2. 2 CSOP 3m
  3. 3 EMI 2m
  4. 4 SAYE and SIPs 8m
  5. 5 Illustration - share scheme 9m
  6. 6 Termination payments 8m
  7. 7 Illustration - termination payments 6m
  8. 8 Personal service company 5m
  9. 9 Deemed payment calculation 4m
  10. 10 Other sized clients and DDP illustration 3m

National insurance - employment (TX revision)

5 lessons
  1. 1 Introduction and tax tables 2m
  2. 2 Employment 4m
  3. 3 Illustration - employment 2m
  4. 4 Self-employment 3m
  5. 5 National Insurance - question approach 1m

Property income (TX revision)

6 lessons
  1. 1 Property income 7m
  2. 2 Illustration - property income 5m
  3. 3 Furnished holiday lettings 4m
  4. 4 Rent-a-room relief 2m
  5. 5 Grant of short lease 4m
  6. 6 Property losses and planning 2m

Investment income (TX revision)

4 lessons
  1. 1 Savings income 2m
  2. 2 Dividend income and exempt investment income 2m
  3. 3 Accrued income scheme 3m
  4. 4 Investment income - planning and question 4m

Trust income

3 lessons
  1. 1 Overview of trusts 6m
  2. 2 Trust income tax implications 9m
  3. 3 Real estate investment trust (REIT) 4m

Investment income - ATX

9 lessons
  1. 1 Introduction and ISAs 3m
  2. 2 EIS 4m
  3. 3 SEIS 3m
  4. 4 VCT 2m
  5. 5 Illustration - EIS and VCT 4m
  6. 6 Withdrawal of relief 1m
  7. 7 Illustration - sale of EIS shares 3m
  8. 8 Choice of investment 4m
  9. 9 Raising finance 3m

Pensions

6 lessons
  1. 1 Overview of pensions 4m
  2. 2 Tax relief and illustrations - part 1 3m
  3. 3 Tax relief and illustrations - part 2 5m
  4. 4 Annual allowance 4m
  5. 5 Illustration - annual allowance 7m
  6. 6 Pension benefits 1m

Overseas aspects of income tax

8 lessons
  1. 1 Introduction and residence status 9m
  2. 2 Illustration - statutory residence tests 5m
  3. 3 Split year rules and illustration 6m
  4. 4 Basis of assessment 1m
  5. 5 The FIG regime 7m
  6. 6 Illustration - foreign income claim 3m
  7. 7 DTR and illustration 6m
  8. 8 Multiple sources of overseas income and illustration 5m

Self-employment (TX revision)

7 lessons
  1. 1 Overview of self-employment 2m
  2. 2 Badges of trade 4m
  3. 3 Calculation of trade profit 11m
  4. 4 Illustration - tax adjusted profit calculation 1m
  5. 5 Private expenditure, goods for own use and illustration - "Chloe" 3m
  6. 6 Self-employment - question 5m
  7. 7 Cash basis 4m

Capital allowances (TX revision)

9 lessons
  1. 1 Introduction to capital allowances 7m
  2. 2 Main pool part 1 4m
  3. 3 Main pool part 2 10m
  4. 4 AIA part 1 10m
  5. 5 AIA part 2 4m
  6. 6 First year allowance and short life assets 5m
  7. 7 SBA part 1 7m
  8. 8 SBA part 2 3m
  9. 9 Capital allowances - question approach 2m

Capital allowances - ATX

6 lessons
  1. 1 Cessations of trade 4m
  2. 2 Cessation of trade illustration 4m
  3. 3 Succession of trade to connected party 2m
  4. 4 Succession of trade illustration 3m
  5. 5 AIA for related businesses 2m
  6. 6 Hire purchase and leasing 4m

Relief for trade losses (TX revision)

7 lessons
  1. 1 Continuing trades 7m
  2. 2 Illustration - CY/PY 4m
  3. 3 Illustration - trade loss against gains 3m
  4. 4 Restriction on loss relief and illustration 5m
  5. 5 Opening years losses and illustration 3m
  6. 6 Closing years losses and illustration 2m
  7. 7 Relief for trade losses - planning and question approach 3m

Basis of assessment

1 lesson
  1. 1 Tax year basis, transition profits and illustration 6m

Questions

About B. Income tax.

What does the B. Income tax section cover?

Explore complex aspects of UK income tax, including residence, employment benefits, savings, and pension planning. Emphasis is placed on tax efficiency and advisory scenarios.

How much video is in this section?

B. Income tax has 117 video lessons, about 8.4 hours in total. Work through them at your own pace, with lifetime access.

Is this section included in the Advanced Taxation exam?

Yes. The content in this section is assessed in the Advanced Taxation ACCA exam.

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