This set of lectures covers residency and the calculation of taxable income, residency, principles of income tax, what a pro forma looks like and more.
Here we'll explore how to determine whether an arrangement constitutes employment or self-employment, pro-forma for employment income, the basis for assessment, allowable deductions, approved mileage allowance payments and more.
This set of lectures explains sources of savings income, calculating tax on savings income, what dividends are, calculating tax on dividend income, what an ISA is, types of ISA, benefits and possible issues associated with these schemes, and more.
Here you will learn about the basis of assessment for property income, the cash basis for property income (both income and deductions), finance cost deductions for properties, capital expenditure issues (repairs vs improvements, specific treatment of cars), and more.
This series of video lessons explores and explains types of pension schemes, types of occupational pension schemes, tax relief awarded for contributions made by individuals and more.
Here you will learn what trading income is, what sole traders and partnerships are. the basis of assessment, badges of trade, adjustments to accounting profit, disallowable expenditure and relief for pre-trading expenditure.
This set of lectures explains what capital allowances are, and who can claim them; how capital allowances factor into the tax comp (overall); the definition of plant and machinery; calculating capital allowances (general pool, AIA, FYA, WDA, incorporating periods of account for the allowances given); and more.
In this series of lectures you will learn about ongoing year rules, opening year rules, overlap profits, closing year rules and more.
Here you will discover what a trading loss is, options available when a loss occurs, carrying forward a trading loss, loss relief on total income and more.
Here you will discover what a partnership is, the basis of assessment, calculating partnership profits/losses, sharing of profits and losses, capital allowances for partnerships, and more.
In this set of video lessons you will learn what national insurance is, what are the classes of national insurance, what types of national insurance are due for employees, class 1 NICs (employee and employer), what constitutes gross earnings with no deductions and more.