Tài liệu hay Acca f6 taxation UK FA 2016 bpp study text applicable upto march 2018

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Tài liệu hay Acca f6 taxation UK FA 2016 bpp study text applicable upto march 2018 Tài liệu hay Acca f6 taxation UK FA 2016 bpp study text applicable upto march 2018 Tài liệu hay Acca f6 taxation UK FA 2016 bpp study text applicable upto march 2018 Tài liệu hay Acca f6 taxation UK FA 2016 bpp study text applicable upto march 2018 Tài liệu hay Acca f6 taxation UK FA 2016 bpp study text applicable upto march 2018 Tài liệu hay Acca f6 taxation UK FA 2016 bpp study text applicable upto march 2018 m To Access More Free Study Material Visit : accastudymaterial.com TAXATION (UK) FA 2016 dy ma PAPER F6 ter ial co S T U D Y T E X T stu BPP Learning Media is an ACCA Approved Content Provider This means we work closely with ACCA to ensure this Study Text contains the information you need to pass your exam In this Study Text, which has been reviewed by the ACCA examining team, we: Highlight the most important elements in the syllabus and the key skills you need  Signpost how each chapter links to the syllabus and the study guide  Provide lots of exam focus points demonstrating what is expected of you in the exam  Emphasise key points in regular fast forward summaries  Test your knowledge in quick quizzes  Examine your understanding in our practice question bank  Reference all the important topics in our full index /ac ca  p:/ BPP's Practice & Revision Kit also supports this paper htt FOR EXAMS IN JUNE 2017, SEPTEMBER 2017, DECEMBER 2017 AND MARCH 2018 To Access More Free Study Material Visit : accastudymaterial.com First edition 2007 Tenth edition October 2016 m To Access More Free Study Material Visit : accastudymaterial.com Dear Customer ISBN 9781 5097 0787 (Previous 9781 4727 4423 4) eISBN 9781 5097 0794 ial co A note about copyright What does the little © mean and why does it matter? Your market-leading BPP books, course materials and e-learning materials not write and update themselves People write them on their own behalf or as employees of an organisation that invests in this activity Copyright law protects their livelihoods It does so by creating rights over the use of the content British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by Breach of copyright is a form of theft – as well as being a criminal offence in some jurisdictions, it is potentially a serious breach of professional ethics BPP Learning Media Ltd BPP House, Aldine Place 142–144 Uxbridge Road London W12 8AA  www.bpp.com/learningmedia  Printed in the United Kingdom by ter With current technology, things might seem a bit hazy but, basically, without the express permission of BPP Learning Media: Photocopying our materials is a breach of copyright Scanning, ripcasting or conversion of our digital materials into different file formats, uploading them to facebook or emailing them to your friends is a breach of copyright dy ma You can, of course, sell your books, in the form in which you have bought them – once you have finished with them (Is this fair to your fellow students? 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BPP Learning Media strives to make our materials available at prices students can afford by local printing arrangements, pricing policies and partnerships which are clearly listed on our website A tiny minority ignore this and indulge in criminal activity by illegally photocopying our material or supporting organisations that If they act illegally and unethically in one area, can you really trust them? stu All rights reserved No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of BPP Learning Media Ltd /ac ca We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions The suggested solutions in the practice answer bank have been prepared by BPP Learning Media Ltd, unless otherwise stated htt p:/ © BPP Learning Media Ltd 2016 ii To Access More Free Study Material Visit : accastudymaterial.com To Access More Free Study Material Visit : accastudymaterial.com m Contents Page ial co Introduction Helping you to pass Studying F6 The exam paper v vii ix Part A UK tax system Introduction to the UK tax system Computing taxable income and the income tax liability Employment income Taxable and exempt benefits The PAYE system Pensions Property income Computing trading income Capital allowances Assessable trading income Trading losses Partnerships and limited liability partnerships National insurance contributions dy ma 10 11 12 ter Part B Income tax and national insurance contributions 17 45 57 79 91 101 121 141 153 169 179 Part C Chargeable gains for individuals 13 14 15 16 Computing chargeable gains Chattels and the principal private residence exemption Business reliefs Shares and securities 191 205 217 229 Part D Tax administration for individuals Self assessment and payment of tax by individuals stu 17 241 Part E Inheritance tax 18 Inheritance tax: scope and transfers of value 261 Part F Corporation tax Computing taxable total profits and the corporation tax liability Chargeable gains for companies Losses Groups Self assessment and payment of tax by companies ca 19 20 21 22 23 287 303 315 327 337 /ac Part G Value added tax An introduction to VAT Further aspects of VAT 351 373 htt p:/ 24 25 To Access More Free Study Material Visit : accastudymaterial.com iii To Access More Free Study Material Visit : accastudymaterial.com Practice question and answer bank Tax tables Index Review form m 387 483 htt p:/ /ac ca stu dy ma ter ial co 489 iv To Access More Free Study Material Visit : accastudymaterial.com To Access More Free Study Material Visit : accastudymaterial.com m Helping you to pass BPP Learning Media – ACCA Approved Content Provider ial co As ACCA's Approved Content Provider, BPP Learning Media gives you the opportunity to use study materials reviewed by the ACCA examination team By incorporating the examination team's comments and suggestions regarding the depth and breadth of syllabus coverage, the BPP Learning Media Study Text provides excellent, ACCA-approved support for your studies The PER alert! ter Before you can qualify as an ACCA member, you not only have to pass all your exams but also fulfil a three year practical experience requirement (PER) To help you to recognise areas of the syllabus that you might be able to apply in the workplace to achieve different performance objectives, we have introduced the 'PER alert' feature You will find this feature throughout the Study Text to remind you that what you are learning to pass your ACCA exams is equally useful to the fulfilment of the PER requirement Tackling studying dy ma Your achievement of the PER should be recorded in your online My Experience record Studying can be a daunting prospect, particularly when you have lots of other commitments The different features of the Study Text, the purposes of which are explained fully on the Chapter features page, will help you whilst studying and improve your chances of exam success Developing exam awareness Our Study Text are completely focused on helping you pass your exam stu Our advice on Studying F6 outlines the content of the paper and the necessary skills you are expected to be able to demonstrate and any brought forward knowledge you are expected to have Exam focus points are included within the chapters to highlight when and how specific topics were examined, or how they might be examined in the future ca Testing what you can Testing yourself helps you develop the skills you need to pass the exam and also confirms that you can recall what you have learnt htt p:/ /ac We include Questions – lots of them – both within chapters and in the Practice Question Bank, as well as Quick Quizzes at the end of each chapter to test your knowledge of the chapter content Introduction To Access More Free Study Material Visit : accastudymaterial.com v To Access More Free Study Material Visit : accastudymaterial.com Each chapter contains a number of helpful features to guide you through each topic Topic list Syllabus reference Tells you what you will be studying in this chapter and the relevant section numbers, together with ACCA syllabus references ial co Topic list m Chapter features Introduction Puts the chapter content in the context of the syllabus as a whole Study Guide Links the chapter content with ACCA guidance Exam Guide Highlights how examinable the chapter content is likely to be and the ways in which it could be examined ter Summarises the content of main chapter headings, allowing you to preview and review each section easily FAST FORWARD Demonstrate how to apply key knowledge and techniques Key terms Definitions of important concepts that can often earn you easy marks in exams dy ma Examples Tell you when and how specific topics were examined, or how they may be examined in the future Exam focus points Formulae that are not given in the exam but which have to be learnt Formula to learn Gives you a useful indication of syllabus areas that closely relate to performance objectives in your Practical Experience Requirement (PER) Gives you essential practice of techniques covered in the chapter stu Question ca Chapter Roundup A full list of the Fast Forwards included in the chapter, providing an easy source of review A quick test of your knowledge of the main topics in the chapter Practice Question Bank Found at the back of the Study Text with more comprehensive chapter questions Cross referenced for easy navigation htt p:/ /ac Quick Quiz vi vi Introduction To Access More Free Study Material Visit : accastudymaterial.com To Access More Free Study Material Visit : accastudymaterial.com m Studying F6 ial co As the name suggests, this paper examines the basic principles of taxation This is a very important area for certified accountants as many areas of practice involve a consideration of taxation issues It also provides a foundation for P6: Advanced Taxation which will be chosen by those who work in a tax environment Members of the F6 examination team have written several technical articles including two on Inheritance Tax, two on chargeable gains, one on groups, two on VAT, one on benefits, one on motor cars, one on adjustment of profit and one on Finance Act 2016 All these articles are available on the ACCA website Make sure you read them to gain further insight into what the F6 examination team is looking for What F6 is about ter You are introduced to the rationale behind – and the functions of – the tax system The syllabus then considers the separate taxes that an accountant would need to have a detailed knowledge of, such as income tax from self-employment, employment and investments, the corporation tax liability of individual companies and groups of companies, the national insurance contribution liabilities of both employed and self employed persons, the value added tax liability of businesses, the chargeable gains arising on disposals of investments by both individuals and companies, and the inheritance tax liabilities arising on chargeable lifetime transfers and on death dy ma You will be expected to have a detailed knowledge of these taxes, but no previous knowledge is assumed You should study the basics carefully and learn the pro forma computations It then becomes straightforward to complete these by slotting in figures from your detailed workings As well as being able to calculate tax liabilities, you may be required to explain the basis of the calculations, apply tax planning techniques for individuals and companies and identify the compliance issues for each major tax through a variety of business and personal scenarios and situations What skills are required?   Be able to integrate knowledge and understanding from across the syllabus to enable you to complete detailed computations of tax liabilities Be able to explain the underlying principles of taxation by providing a simple summary of the rules and how they apply to the particular situation Be able to apply tax planning techniques by identifying available options and testing them to see which has the greater effect on tax liabilities stu  ca How to improve your chances of passing There is no choice in this paper, all questions have to be answered You must therefore study the entire syllabus, there are no short-cuts  The first section of the paper consists of 15 objective test questions, worth two marks each These will inevitably cover a wide range of the syllabus  The second section of the paper also consists of 15 objective test questions, worth two marks each However, they are linked to a scenario You must make sure you understand the scenario before attempting the questions  Practising longer questions set in the third section of the paper under timed conditions is essential BPP's Practice & Revision Kit contains 10 mark and 15 mark questions on all areas of the syllabus  Answer all parts of the question Even if you cannot all of the calculation elements, you will still be able to gain marks in the discussion parts htt p:/ /ac  Introduction To Access More Free Study Material Visit : accastudymaterial.com vii To Access More Free Study Material Visit : accastudymaterial.com Answer selectively – the examination team will expect you to consider carefully what is relevant and significant enough to include in your answer Don't include unnecessary information  Keep an eye out for articles as the examination team will use Student Accountant to communicate with students htt p:/ /ac ca stu dy ma ter ial co m  viii viii Introduction To Access More Free Study Material Visit : accastudymaterial.com To Access More Free Study Material Visit : accastudymaterial.com m The exam paper Computer-based exams ial co ACCA have commenced the launch of computer based exams (CBE's) for F5–F9 They have been piloting computer-based exams in limited markets since September 2016 with the aim of rolling out into all markets internationally over a five year period Paper-based examinations will be run in parallel while the CBEs are phased in and BPP materials have been designed to support you, whichever exam option you choose Exam duration The Skills module examinations F5–F9 contain a mix of objective and longer type questions with a duration of three hours for 100 marks For paper-based exams there is an extra 15 minutes to reflect the manual effort required ter As ACCA increase their offering of F5–F9 session CBEs, they will be introducing seeded content to guarantee all exams are equivalent and fair When the seeded content is introduced, students will be given more time to complete the exams – increasing to hours and 20 minutes to take into account the inclusion of additional seeded content Format of the exam dy ma For more information on these changes and when they will be implemented, please visit the ACCA website http://www.accaglobal.com/uk/en/student/changes-to-exams/f5-f9-session-cbe.html The exam format is the same irrespective of the mode of delivery and will comprise three exam sections: Section Style of question type A Objective test (OT) B Objective test (OT) case Description Proportion of exam, % 15 questions  marks 30 questions  10 marks 30 stu Each question will contain subparts each worth marks C Constructed Response (Long questions) Total question  10 marks 40 questions  15 marks 100 ca Section A and B questions will be selected from the entire syllabus The paper version of these objective test questions contains multiple choice only and the computer-based versions will contain a variety The responses to each question or subpart in the case of OT cases are marked automatically as either correct or incorrect by computer /ac The 10 mark Section C questions can come from any part of the syllabus The 15 mark Section C questions will mainly focus on the following syllabus areas but a minority of marks can be drawn from any other area of the syllabus:   Income tax (syllabus area B) Corporation tax (syllabus area E) p:/ The responses to these questions are human marked Syllabus and Study Guide htt The complete F6 syllabus and study guide can be found by visiting the exam resource finder on the ACCA website: http://www.accaglobal.com/uk/en/student/exam-support-resources.html Introduction To Access More Free Study Material Visit : accastudymaterial.com ix htt p:/ /ac ca stu dy ma ter ial co m To Access More Free Study Material Visit : accastudymaterial.com x x Introduction To Access More Free Study Material Visit : accastudymaterial.com stu htt p:/ /ac ca Tax tables dy ma ter ial co m To Access More Free Study Material Visit : accastudymaterial.com To Access More Free Study Material Visit : accastudymaterial.com 481 htt p:/ /ac ca stu dy ma ter ial co m To Access More Free Study Material Visit : accastudymaterial.com 482 To Access More Free Study Material Visit : accastudymaterial.com To Access More Free Study Material Visit : accastudymaterial.com SUPPLEMENTARY INFORMATION Calculations and workings need only be made to the nearest £ All apportionments may be made to the nearest month All workings should be shown in Section C m ial co TAX RATES AND ALLOWANCES The following tax rates and allowances are to be used in answering the questions Income tax Basic rate Higher rate Additional rate Normal rates 20% 40% 45% £1 – £32,000 £32,001 to £150,000 £150,001 and over – Basic rate taxpayers – Higher rate taxpayers Dividend nil rate band ter Savings rate nil rate band Dividend rates 7.5% 32.5% 38.1% £1,000 £500 £5,000 A starting rate of 0% applies to savings income where it falls within the first £5,000 of taxable income Personal allowance dy ma Personal allowance Transferable amount Income limit £ 11,000 1,100 100,000 Residence status Previously resident Automatically not resident Resident if UK ties (or more) Resident if UK ties (or more) Resident if UK ties (or more) Resident if UK tie (or more) Automatically resident Not previously resident Automatically not resident Automatically not resident Resident if UK ties Resident if UK ties (or more) Resident if UK ties (or more) Automatically resident stu Days in UK Less than 16 16 to 45 46 to 90 91 to 120 121 to 182 183 or more Child benefit income tax charge Where income is between £50,000 and £60,000, the charge is 1% of the amount of child benefit received for every £100 of income over £50,000 Car benefit percentage ca The base level of CO2 emissions is 95 grams per kilometre /ac The percentage rates applying to petrol cars with CO2 emissions up to this level are: 50 grams per kilometre or less 51 grams to 75 grams per kilometre 76 grams to 94 grams per kilometre 95 grams per kilometre 7% 11% 15% 16% Car fuel benefit The base figure for calculating the car fuel benefit is £22,200 Individual savings accounts (ISAs) htt p:/ The overall investment limit is £15,240 Tax tables To Access More Free Study Material Visit : accastudymaterial.com 483 To Access More Free Study Material Visit : accastudymaterial.com Pension scheme limits – 2014/15 to 2016/17 – 2013/14 £40,000 £50,000 £10,000 £150,000 Minimum allowance Income limit m Annual allowance Authorised mileage allowances: cars Up to 10,000 miles Over 10,000 miles ial co The maximum contribution that can qualify for tax relief without any earnings is £3,600 45p 25p Capital allowances: rates of allowance Plant and machinery Main pool Special rate pool Annual investment allowance Rate of allowance Expenditure limit dy ma Motor cars New cars with CO2 emissions up to 75 grams per kilometre CO2 emissions between 76 and 130 grams per kilometre CO2 emissions over 130 grams per kilometre ter 18% 8% 100% 18% 8% 100% £200,000 Cap on income tax reliefs Unless otherwise restricted, reliefs are capped at the higher of £50,000 or 25% of income Corporation tax Rate of tax Profit threshold 20% £1,500,000 Standard rate Registration limit Deregistration limit stu Value Added Tax (VAT) 20% £83,000 £81,000 Inheritance tax: tax rates ca £1 – £325,000 Excess – Death rate – Lifetime rate /ac Years before death Inheritance tax: taper relief Percentage reduction 20% 40% 60% 80% htt p:/ Over but less than years Over but less than years Over but less than years Over but less than years Nil 40% 20% 484 Tax tables To Access More Free Study Material Visit : accastudymaterial.com To Access More Free Study Material Visit : accastudymaterial.com Capital gains tax £1 – £8,060 per year £8,061 – £43,000 per year £43,001 and above per year Class Employer £1 – £8,112 per year £8,113 and above per year Employment allowance Class 1A Class £2.80 per week Small profits threshold £1 – £8,060 per year £8,061 – £43,000 per year £43,001 and above per year dy ma Class ter Class Employee m – Lower rate – Higher rate Annual exempt amount Entrepreneurs' relief – Lifetime limit – Rate of tax National insurance contributions Residential property 18% 28% £11,100 £10,000,000 10% ial co Rates of tax Normal rates 10% 20% Nil 12% 2% Nil 13.8% £3,000 13.8% £5,965 Nil 9% 2% Rates of Interest (assumed) 3% 3% 0.5% htt p:/ /ac ca stu Official rate of interest Rate of interest on underpaid tax Rate of interest on overpaid tax Tax tables To Access More Free Study Material Visit : accastudymaterial.com 485 htt p:/ /ac ca stu dy ma ter ial co m To Access More Free Study Material Visit : accastudymaterial.com 486 Tax tables To Access More Free Study Material Visit : accastudymaterial.com dy ma ter ial co m To Access More Free Study Material Visit : accastudymaterial.com htt p:/ /ac ca stu Index To Access More Free Study Material Visit : accastudymaterial.com 487 htt p:/ /ac ca stu dy ma ter ial co m To Access More Free Study Material Visit : accastudymaterial.com 488 To Access More Free Study Material Visit : accastudymaterial.com To Access More Free Study Material Visit : accastudymaterial.com Badges of trade, 102 dy ma Balancing charges and allowances, 130 Basis periods, 142 Beneficial loans, 65 ial co A ccounting period, 289 Acquisitions, 378 Adjusted net income, 26, 37, 83 Adjusted total income, 159 Adjustment of profits, 104 Allowable deductions, 50 Annual allowance, 84 Annual exemption (IHT), 265 Annual Investment Allowance (AIA), 126 Appeals, 361 Appropriations, 108 Cash basis of accounting, 113 Cessation, 146 Cessation of trade, 131 Chargeable asset, 192 Chargeable disposal, 192 Chargeable gains FA 1985 pool, 306 matching rules for companies, 306 Chargeable gains group, 332 Chargeable lifetime transfer (CLTs), 264 Chargeable person, 192 Charitable donations, 54, 110 Chattel, 206 Child benefit tax exempt benefit, 25 Childcare, 68 Choice of an accounting date, 148 Civil partners, 40 Civil partnership, Claims, 246, 340 Commencement, 143 Company, 288 Compliance check enquiries, 248, 341 Computer software, 124 Computing the corporation tax liability, 298, 299 Corporation tax, 288 Corresponding accounting period, 331 ter 51% subsidiary, 342 75% subsidiary, 329 m Note: Key Terms and their page references are given in bold Calculation of tax on death estate, 275 Deductible expenditure not charged in the accounts, 111 Deductible interest, 25 Depreciating asset, 224 Despatches, 378 Determinations, 249 Diminution in value, 263 Discovery assessments, 249 Dishonest conduct of tax agents, 249 Dividend income, 24 Donations, 110 Double taxation agreements, E arly trade losses relief, 161 Earnings, 48 Employer pension contributions, 83 Employment, 46 Entertaining, 107, 366 European Union, Exempt benefits, 69 Exempt income, 24 Expenses, 60 Exports, 378 Extra-statutory concessions, htt p:/ /ac ca stu Calculation of tax on lifetime transfers, 267 Capital allowances, 93, 122, 292 Capital expenditure, 105 Capital gains tax (CGT) annual exempt amount, 195 capital losses, 195 chargeable asset, 193 chargeable disposal, 193 chargeable person, 193 chattel, 206 damage, loss or destruction of an asset, 201 enhancement expenditure, 194 exempt asset, 193 gifts, 194 holdover relief for gifts, 225 letting relief, 211 matching rules for individuals, 231 principal private residence, 209 rollover relief, 221 share pool for individuals, 231 tax payable, 196 taxable gains, 195 valuing quoted shares, 230 wasting assets, 208 Capital losses (corporation tax), 323 Capital receipts, 111 Car fuel, 63 Carry forward trade loss relief (corporation tax), 316 Carry forward trade loss relief (income tax), 155 Cars, 61, 366 To Access More Free Study Material Visit : accastudymaterial.com Index 489 General anti-abuse rule (GAAR), 10 Gift aid donations, 35 Gift aid scheme, 35 Gift relief, 225 Gifts, 107 between spouses/civil partners, 266 in consideration of marriage/civil partnership, 266 Gilts, 236 Goods for own use, 111 Gratuitous intent, 263 Group registration, 358 Group relief, 328 powers, 248 Impairment losses, 106 p:/ /ac ca stu Imports, 378 Income tax additional rate, 28 basic rate, 28 higher rate, 28 savings starting rate, 29 Income tax liability, 27 Income tax payable, 27 Indexation allowance, 304 Individual savings accounts (ISAs), 24 Inheritance tax basic planning, 280 chargeable persons, 263 chargeable transfer, 264 debts, 276 exemptions, 264 funeral expenses, 276 payment, 281 transfers of value, 263 Instalments, 341 Interest on late paid tax, 344 Interest on overdue tax, 110 Internal reviews, 255, 341 Intra-group transfers, 333 Joint property, 40 Land and buildings in the UK, 92 htt Late payment of tax interest, 250 Legal and professional charges, 110 490 Matching group gains and losses, 333 Material error or omission in tax return, 11 Miscellaneous income, 294 Mobile phone, 71 Motor cars, 134 National insurance, 180 Net income, 22 Net pay arrangements, 83 Non-savings income, 23 Normal expenditure out of income, 266 Notification of chargeability, 339 Notification of liability to income tax and CGT, 243 dy ma Her Majesty's Revenue and Customs (HMRC), Main pool, 125 ial co Financial year, 290 Fiscal year, 22 Fuel, 367 Furnished holiday lettings, 94 Lifetime allowance, 87 Living accommodation, 58, 60 Loan relationships, 293 Long life assets, 132 Long periods of account, 297 Loss relief (corporation tax) trading losses, 316 Low emission car, 126 ter Filing date for a personal tax return, 244 m To Access More Free Study Material Visit : accastudymaterial.com Occupational pension scheme, 81 Other expenses, 52 Overlap profits, 146 P art disposals, 200 Partnership, 170 limited liability, 170 PAYE settlement agreements, 75 PAYE system, 71 Payment of corporation tax, 341 Payment of income tax and capital gains tax, 246 Payments on account, 246 Payroll deduction scheme, 54 Penalties, 345 errors, 251 failure to keep records, 255 late filing, 254 late notification, 253 late payment of tax, 254 Pension scheme, 80 Pension tax relief, 82 Period of account, 289 Personal allowance, 26 Personal pensions, 81 Personal tax computation, 22 Plant and machinery, 123 Potentially exempt transfer (PET), 264 Premiums on leases, 96 Pre-trading expenditure, 116, 292 Principal private residence, 209 Index To Access More Free Study Material Visit : accastudymaterial.com To Access More Free Study Material Visit : accastudymaterial.com R /ac ca stu Savings income, 23 Scholarships, 68 Self assessment, 242, 245, 338 Self employment, 46 Shares, 231 Short life asset, 136 Small gifts exemptions, 265 Special rate pool, 132 Spouses, 40 Staff parties, 71 Statements of practice, Statute, Statutory instruments, Statutory mileage allowances, 53 Subscriptions, 110 Takeovers, 235 htt p:/ Tax avoidance, 10 Tax evasion, Tax law, Tax returns, 243 Tax tribunal, Tax year, 22 Taxable benefits, 58 Value added tax (VAT) administration, 360 annual accounting scheme, 380 cash accounting scheme, 380 deregistration, 359 electronic filing, 361 exempt supplies, 355 flat rate scheme, 381 impairment losses, 368 input tax, 365 non-deductible input tax, 365 penalties, 375 pre-registration input tax, 360 records, 375 registration, 356 substantial traders, 361 supplies of goods, 354 supplies of services, 354 tax point, 363 taxable persons, 355 transfer of going concern, 359 VAT fraction, 364 VAT invoices, 374 VAT periods, 361 zero rated supplies, 355 Valuing quoted shares, 230 Vans, 64 Vouchers, 58 dy ma ecords, 244, 340 Recovery of overpaid tax, 246 Reduced annual allowance, 84 Related 51% group companies, 342 Removal expenses, 70 Rent a room relief, 95 Reorganisations, 234 Repayment supplement, 251 Replacement of business assets, 221 Replacement of domestic items relief, 93 Residence, 19 Residence of companies, 290 Residual charge, 69 Returns, 339 Revenue and customs brief, Rights issues, 233 Rollover relief, 221, 311 Rollover relief (groups), 334 ial co Qualifying corporate bond (QCB), 236 Qualifying loans, 66 ter Qualifying charitable donations, 294 Savings certificates, 25 Taxable earnings, 48 Taxable income, 22 Taxable supply, 353 Taxable total profits, 291 Taxation in a modern economy, Taxes, Temporary workplace, 51 Terminal trade loss relief (income tax), 163 Total income, 22 Trade loss relief against general income, 156 Trade loss relief against total profits, 317 Trading losses, 316 Trading losses relieved against capital gains, 157 Transfers between spouses/civil partners, 199 Travelling expenses, 50 Tribunal hearings, 256, 341 Trivial benefits, 71 m Private incidental expenses, 60 Private use assets, 133 Private use of other assets, 67 Property business, 92 income, 293 losses (corporation tax), 323 losses (income tax), 97 Wasting asset, 206 Wholly and exclusively for the purposes of the trade, 105 Writing down allowance (WDA), 126 Year of assessment, 22 , To Access More Free Study Material Visit : accastudymaterial.com Index 491 htt p:/ /ac ca stu dy ma ter ial co m To Access More Free Study Material Visit : accastudymaterial.com 492 Index To Access More Free Study Material Visit : accastudymaterial.com To Access More Free Study Material Visit : accastudymaterial.com m Review Form – Paper F6 (Taxation) Finance Act 2016 (10/16) Name: ial co Please help us to ensure that the ACCA learning materials we produce remain as accurate and user-friendly as possible We cannot promise to answer every submission we receive, but we promise that it will be read and taken into account when we update this Study Text Address: During the past six months you recall seeing/receiving any of the following? (Tick as many boxes as are relevant) How have you used this Study Text? (Tick one box only) On its own (book only) Our advertisement in ACCA Student Accountant On a BPP online course Our advertisement in Pass On a course with another college Our advertisement in PQ Other Our brochure with a letter through the post ter On a BPP in-centre course Our website www.bpp.com Why did you decide to purchase this Study Text? (Tick one box only) dy ma Which (if any) aspects of our advertising you find useful? (Tick as many boxes as are relevant) Have used BPP Study Texts in the past Recommendation by friend/colleague Prices and publication dates of new editions Recommendation by a lecturer at college Information on Study Text content Saw information on BPP website Facility to order books Saw advertising None of the above Other Passcards stu Which BPP products have you used? Study Text Kit Other i-Pass Your ratings, comments and suggestions would be appreciated on the following areas Introductory section Key terms Useful Not useful Good Adequate Poor Yes No ca Chapter introductions Very useful Quality of explanations Examples /ac Exam focus points Questions and answers in each chapter Fast forwards and chapter roundups Quick quizzes Question Bank Answer Bank Index p:/ Overall opinion of this Study Text Excellent Do you intend to continue using BPP products? htt On the reverse of this page is space for you to write your comments about our Study Text We welcome your feedback The BPP Learning Media author of this edition can be emailed at: accaqueries@bpp.com Please return this form to: Head of ACCA and FIA Programmes, BPP Learning Media Ltd, FREEPOST, London, W12 8AA To Access More Free Study Material Visit : accastudymaterial.com To Access More Free Study Material Visit : accastudymaterial.com m TELL US WHAT YOU THINK htt p:/ /ac ca stu dy ma ter ial co Please note any further comments and suggestions/errors below For example, was the text accurate, readable, concise, user-friendly and comprehensive? To Access More Free Study Material Visit : accastudymaterial.com For Free Downloading Acca Books, Acca Study Texts, Acca Pass Cards, Acca Revision Kits, Acca Past Papers, Acca Study Tips And Guidance, Acca Exam Tips , Key Examinable Areas And Free Study Material and Study Resources For ACCA and other professional qualifications such as : CFA, CIMA, CPA ,CIA ,AAT ,CAT, ICAEW ,FRM, MBA,ACA,CA, BBA,BSC And MSC Visit : http://accastudymaterial.com Join Us On Social Media Facebook @ https://www.facebook.com/accastudymaterial1 Twitter @ https://twitter.com/accastudymateri Google + @ https://plus.google.com/114484949958834499624 ... Study Material Visit : accastudymaterial.com 1: Introduction to the UK tax system  Part A UK tax system To Access More Free Study Material Visit : accastudymaterial.com To Access More Free Study. .. Material Visit : accastudymaterial.com htt p:/ /ac ca stu dy ma ter ial co m To Access More Free Study Material Visit : accastudymaterial.com To Access More Free Study Material Visit : accastudymaterial.com... consider specific UK taxes, starting with income tax To Access More Free Study Material Visit : accastudymaterial.com To Access More Free Study Material Visit : accastudymaterial.com m Study guide
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