Put These Notes into Practice
Reading the notes is a great start. Now practice with unlimited AI-generated questions and get instant feedback. 100,000+ students are already improving their grades.
Advanced Taxation (ATX)
8 sections available · 24 chapters available
Free Advanced Taxation (ATX) study notes for ACCA students. Each chapter breaks down a key concept with examples and practice prompts you can turn into AI drills in the thinka app.
A. Advanced topics in the UK taxes and stamp taxes
Income tax: overseas aspects, trusts, and further exemptions and reliefs
Chargeable gains and capital gains tax: overseas aspects, connected persons, trusts and reliefs
Inheritance tax: scope, valuation, reliefs, trusts, overseas aspects and administration
Corporation tax: overseas and group aspects, special types of company, exemptions and reliefs
Stamp taxes: stamp duty, stamp duty reserve tax and stamp duty land tax
Value added tax, tax administration and the UK tax system
A. Knowledge and understanding of the UK tax system through the study of more advanced topics within the taxes studied previously and the study of stamp taxes
B. The impact and interaction of relevant taxes
Taxes applicable to a given situation or course of action and their impact
Alternative ways of achieving an outcome and their differing tax consequences
Taxation effects of financial decisions: finance, investment products, leasing and cash flows
Tax advantages and disadvantages of alternative courses of action
Statutory obligations, time limits and the implications of non-compliance
B. The impact of relevant taxes on various situations and courses of action, including the interaction of taxes
C. Minimising and deferring tax by standard tax planning measures
Investment and expenditure that reduces tax liabilities for individuals and businesses
Legitimate tax planning measures to mitigate liabilities
Appropriateness of measures for a taxpayer's circumstances and objectives
Supporting recommendations with numerical analysis and reasoned argument
Ethical and professional issues in giving tax planning advice
C. Minimising and/or deferring tax liabilities by the use of standard tax planning measures
D. Professional skills
Communication: advising the intended audience in a suitable format
Analysis and evaluation
Scepticism: questioning assumptions and stating limitations
Commercial acumen
E. Employability and technology skills
Use computer technology to efficiently access and manipulate relevant information
Work on relevant response options, using available functions and technology, as would be required in the workplace
Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
Present data and information effectively, using the appropriate tools
Done reading? Test yourself with AI practice questions
Practice This Topic Now