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ACCA TX · Applied Skills

B. Income tax and NIC liabilities

Explore how income tax and National Insurance Contributions apply to individuals. Topics include allowances, tax bands, employment income, self-employment, and property income.

  • 79 lessons
  • 11 modules
  • 5.5h of video
Start the first lesson → About the ACCA TX course

The lessons

79 lessons, module by module.

IT introduction

14 lessons
  1. 1 The scope of income tax 10m
  2. 2 Statutory residence tests 7m
  3. 3 Illustration - statutory residence test 5m
  4. 4 IT computation 7m
  5. 5 Illustration - IT liability 2m
  6. 6 Illustration - "Michael" 3m
  7. 7 Illustration - reliefs, qualifying loans and "Hazel" 5m
  8. 8 Personal allowance 5m
  9. 9 Illustration - marriage allowance 2m
  10. 10 Illustration - personal allowance 4m
  11. 11 Gift aid and charitable giving 5m
  12. 12 Illustration - "Ava" 3m
  13. 13 Child benefit charge 4m
  14. 14 Jointly owned property 2m

IT employment income

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

Investment income

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

Property income

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

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

Self-employment

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

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

Basis of assessment

1 lesson
  1. 1 Basis of assessment 1m

Relief for trade losses

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

Partnerships

5 lessons
  1. 1 Overview and allocation of trade profit 3m
  2. 2 Illustration - continuing partnership 2m
  3. 3 Changes to PSA and illustration 2m
  4. 4 Joiners and leavers and illustration 4m
  5. 5 Partnerships - question approach 1m

National insurance

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

Questions

About B. Income tax and NIC liabilities.

What does the B. Income tax and NIC liabilities section cover?

Explore how income tax and National Insurance Contributions apply to individuals. Topics include allowances, tax bands, employment income, self-employment, and property income.

How much video is in this section?

B. Income tax and NIC liabilities has 79 video lessons, about 5.5 hours in total. Work through them at your own pace, with lifetime access.

Is this section included in the Taxation exam?

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

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