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AN INTRODUCTION TO ACCA TAXATION

April 27, 2023
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The ACCA Taxation qualification is designed to provide you with an in-depth understanding of the principles of taxation, including practical application and compliance. With this qualification, you will be able to provide informed advice to businesses and individuals on tax planning and strategy, helping them to optimize their financial performance while complying with tax laws and regulations.

The course provided by SEED financial is flexible, allowing you to study at your own pace, whether you choose to take online or in-person classes. The ACCA Taxation qualification covers a wide range of topics, including income tax, corporation tax, capital gains tax, and value-added tax. Additionally, the course also explores the latest developments in tax law and practice, ensuring that you stay up to date with the latest regulatory changes.

With the ACCA Taxation qualification, you will gain a deep understanding of the various tax systems used globally, enabling you to provide valuable insights to businesses that operate internationally. You will also develop a range of practical skills, such as preparing and filing tax returns and conducting tax audits, which are highly valued by employers.

The course is taught by our experienced tax professionals here at SEED financial who provide real-world examples and case studies, giving you an opportunity to apply your knowledge in practical scenarios. With the support of our tutors, you will be well-prepared for the final exam and ready to take on the challenges of a career in tax.

SEED Financial covers your Study material

 SEED Financial Academy provides study materials for ACCA Taxation, which includes comprehensive coverage of the syllabus and exam techniques. The materials are designed to help students understand the concepts and principles of taxation and prepare for the exam. They provide a range of study resources such as study texts, revision kits, and question banks. The study texts contain detailed explanations of taxation concepts, principles, and practices, while the revision kits provide exam-style questions and answers for students to practice with. Additionally, SEED Financial Academy provides tutor support to help students clarify any doubts or queries related to the study materials. With SEED Financial Academy’s study materials, students can develop the knowledge and skills necessary to pass the ACCA Taxation exam and progress towards becoming a qualified accountant.

SEED PROVIDES THE COURSE BOOKS

At SEED Financial, we help the students by providing books that complements the Study Text, and tests your knowledge of tax relating to individuals, companies, and groups of companies. You’ll get practice questions with answers, paper-specific information, analysis of past tax papers, our recommend revision approach and exam technique, tutor debriefs, and worked examples. We provide ACCA approved books which will ensure that your learning helps compliment your study course.

SYLLABUS FOR ACCA TAXATION

  The following topics are covered in detail in the ACCA Taxation exam, which is designed to provide candidates with the skills and knowledge required to understand and apply tax principles and regulations in a business context. The exam also covers the practical aspects of taxation, including compliance, planning and communication.

Topic AreaSub Topic
The UK tax system and its administrationTaxation principles, tax structures, tax administration, sources of tax law, HM Revenue & Customs, the role of tax advisers, tax avoidance and tax evasion
Income tax and NIC liabilitiesComputation of taxable income, exemptions and reliefs, PAYE system, benefits in kind, employment income, self-employment income, NICs, partnerships, pensions and annuities
Chargeable gains for individualsComputation of gains and losses, allowable deductions, disposals and acquisitions, anti-avoidance provisions, reliefs and exemptions
Inheritance taxComputation of estate value, exemptions and reliefs, transfers of value, lifetime transfers, trusts
Corporation tax liabilitiesComputation of estate value, exemptions and reliefs, transfers of value, lifetime transfers, trusts
Capital allowancesPlant and machinery, integral features, cars, balancing adjustments, long-life assets
VAT liabilityRegistration, scope, exemptions, calculation of VAT, special schemes, international aspects
The taxation of employmentPAYE system, benefits in kind, employee share schemes, termination payments
The taxation of self-employmentBasis of assessment, allowable expenses, capital allowances, losses, partnerships
Tax lossesTypes of losses, relief for trading losses, group relief, terminal losses
Double tax reliefResidence, source, relief methods, unilateral relief, double taxation treaties
Transfer pricing and thin capitalizationArm’s length principle, controlled transactions, documentation requirements, thin capitalization rules
The taxation of multinational groupsControlled foreign companies, transfer pricing, double tax relief, anti-avoidance rules
Stamp taxesStamp duty land tax, stamp duty reserve tax, stamp duty on shares and securities, reliefs and exemptions

SEED PROVIDES ACCA Taxation’s past papers

 SEED Financial provides recent ACCA exams for students to practice and become familiar with the types of questions that may appear in their exams. However, it is important to use these exams with caution as they are presented exactly as they were set and have not been updated to reflect any changes to legislation, standards, or the syllabus

Some question and answers for ACCA Taxation exams

SEED Financial provides a wide range of exam questions and answers for ACCA Taxation. These practice questions are designed to help students prepare for their exams by giving them a better understanding of the types of questions that may be asked and how to approach them. The questions cover various topics such as income tax, corporation tax, VAT, and inheritance tax. Each question comes with a detailed answer explanation to help students understand the concepts and calculations involved. With SEED Financials’ practice questions and answers, students can gain confidence and improve their chances of success in their ACCA Taxation exams