Penalties for Non-Compliance calculates late payment interest and states the penalties that can be charged. Penalties for Non-Compliance a. Calculate late payment interest and state the penalties that can be charged. Penalties imposed are dependent on the tax payer’s behaviour: If the tax payer makes a genuine mistake, no penalties will be applied If the […]

The Procedures Relating to Compliance Checks, Appeals and Disputes explains the circumstances in which HM Revenue & Customs can make a compliance check into a self-assessment tax return and the procedures for dealing with appeals and First and Upper Tier Tribunals. The Procedures Relating to Compliance Checks, Appeals and Disputes a. Explain the circumstances in […]

The Time Limits for the Submission of Information, Claims and Payment of Tax, Including Payments on Account recognises the time limits that apply to the filing of returns and the making of claims and the time limits that apply to the filing of returns and the making of claims; explains how large companies are required […]

The Systems for Self-Assessment and the Making of Returns explains and applies the features of the self-assessment system as it applies to individuals and companies, and mentions the use of iXBRL. The Systems for Self-Assessment and the Making of Returns a. Explain and apply the features of the self-assessment system as it applies to individuals. […]

The Principal Sources of Revenue Law and Practice describes the overall structure of the UK tax system; states the different sources of revenue law; describes the organisation HM Revenue & Customs (HMRC) and its terms of reference; explains the difference between tax avoidance and tax evasion, and the purposes of the General Anti-Abuse Rule (GAAR); […]

The Overall Function and Purpose of Taxation in a Modern Economy describes the purpose of taxation in a modern economy; explains the difference between direct and indirect taxation and identifies the different types of capital and revenue tax. The Overall Function and Purpose of Taxation in a Modern Economy a. Describe the purpose (economic, social […]

For each examination, ACCA provides a detailed syllabus and study guide which students are strongly advised to become familiar with. The ACCA F6 Taxation Syllabus and Study Guide follows the same format as the other study guides and is updated based on changes that may have occurred during a specific period. From this document, you […]