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英国税收论文-英国先进的税收制度-Advanced Taxation (UK)(由英国论文指导中心提供整理） This syllabus and study guide is designed to help with planning study and to provide detailed information on what could be assessed in any examination session. THE STRUCTURE OF THE SYLLABUS AND STUDY GUIDE Relational diagram of paper with other papers This diagram shows direct and indirect links between this paper and other papers preceding or following it. Some papers are directly underpinned by other papers such as Advanced Performance Management by Performance Management. These links are shown as solid line arrows. Other papers only have indirect relationships with each other such as links existing between the accounting and auditing papers. The links between these are shown as dotted line arrows. This diagram indicates where you are expected to have underpinning knowledge and where it would be useful to review previous learning before undertaking study. Overall aim of the syllabus This explains briefly the overall objective of the paper and indicates in the broadest sense the capabilities to be developed within the paper. Main capabilities This paper抯 aim is broken down into several main capabilities which divide the syllabus and study guide into discrete sections. Relational diagram of the main capabilities This diagram illustrates the flows and links between the main capabilities (sections) of the syllabus and should be used as an aid to planning teaching and learning in a structured way. Syllabus rationale This is a narrative explaining how the syllabus is structured and how the main capabilities are linked. The rationale also explains in further detail what the examination intends to assess and why. Detailed syllabus This shows the breakdown of the main capabilities (sections) of the syllabus into subject areas. This is the blueprint for the detailed study guide. Approach to examining the syllabus This section briefly explains the structure of the examination and how it is assessed. Study Guide This is the main document that students, tuition providers and publishers should use as the basis of their studies, instruction and materials. Examinations will be based on the detail of the study guide which comprehensively identifies what could be assessed in any examination session. The study guide is a precise reflection and breakdown of the syllabus. It is divided into sections based on the main capabilities identified in the syllabus. These sections are divided into subject areas which relate to the sub-capabilities included in the detailed syllabus. Subject areas are broken down into sub-headings which describe the detailed outcomes that could be assessed in examinations. These outcomes are described using verbs indicating what exams may require students to demonstrate, and the broad intellectual level at which these may need to be demonstrated (*see intellectual levels below). Reading lists ACCA has two approved publishers: BPP Professional Education and Kaplan Publishing Foulks Lynch. Both these publishers base their study texts on the detailed contents of the study guides as published by ACCA. ACCA takes no editorial responsibility for the detailed content of these study texts although ACCA examiners will annually review their content for general appropriateness and relevance in supporting effective study towards ACCA examinations. In addition ACCA examiners will recommend other text books where appropriate, which students may read in order to widen their reading beyond the approved study texts. Relevant articles will also be published in student accountant. 1 INTELLECTUAL LEVELS The syllabus is designed to progressively broaden and deepen the knowledge, skills and professional values demonstrated by the student on their way through the qualification. The specific capabilities within the detailed syllabuses and study guides are assessed at one of three intellectual or cognitive levels: Level 1: Knowledge and comprehension Level 2: Application and analysis Level 3: Synthesis and evaluation Very broadly, these intellectual levels relate to the three cognitive levels at which the Knowledge module, the Skills module and the Professional level are assessed. Each subject area in the detailed study guide included in this document is given a 1, 2, or 3 superscript, denoting intellectual level, marked at the end of each relevant line. This gives an indication of the intellectual depth at which an area could be assessed within the examination. However, while level 1 broadly equates with the Knowledge module, level 2 equates to the Skills module and level 3 to the Professional level, some lower level skills can continue to be assessed as the student progresses through each module and level. This reflects that at each stage of study there will be a requirement to broaden, as well as deepen capabilities. It is also possible that occasionally some higher level capabilities may be assessed at lower levels. LEARNING HOURS The ACCA qualification does not prescribe or recommend any particular number of learning hours for examinations because study and learning patterns and styles vary greatly between people and organisations. This also recognises the wide diversity of personal, professional and educational circumstances in which ACCA students find themselves. Each syllabus contains between 23 and 35 main subject area headings depending on the nature of the subject and how these areas have been broken down. GUIDE TO EXAM STRUCTURE The structure of examinations varies within and between modules and levels. The Fundamentals level examinations contain 100% compulsory questions to encourage candidates to study across the breadth of each syllabus. The Knowledge module is assessed by equivalent two-hour paper based and computer based examinations. The Skills module examinations are all paper based three-hour papers. The structure of papers varies from ten questions in the Corporate and Business Law (F4) paper to four 25 mark questions in Performance Management (F5) and Financial Management (F9). Individual questions within all Skills module papers will attract between 10 and 30 marks. The Professional level papers are all three-hour paper based examinations, all containing two sections. Section A is compulsory, but there will be some choice offered in Section B. The Essentials module papers all have a Section A containing a major case study question with all requirements totalling 50 marks relating to this case. Section B gives students a choice of two from three 25 mark questions. Section A of each of the Options papers contains 50-70 compulsory marks from two questions, each attracting between 25 and 40 marks. Section B will offer a choice of two from three questions totalling 30-50 marks, with each question attracting between 15 and 25 marks GUIDE TO EXAMINATION ASSESSMENT ACCA reserves the right to examine anything contained within the study guide at any examination session. This includes knowledge, techniques, principles, theories, and concepts as specified. For the financial accounting, audit and assurance, law and tax papers, ACCA will publish examinable documents every six months to indicate exactly what regulations and legislation could potentially be assessed at the following examination session. 2 Knowledge of new examinable regulations will not be assessed until at least six calendar months after the last day of the month in which documents are issued or legislation is passed. The relevant cut-off date for the June examinations is 30 November of the previous year, and for the December examinations, it is 31 May of the same year. The study guide offers more detailed guidance on the depth and level at which the examinable documents will be examined. The study guide should therefore be read in conjunction with the examinable documents list. 3 Syllabus 4 AIM To apply relevant knowledge and skills and exercise professional judgement in providing relevant information and advice to individuals and businesses on the impact of the major taxes on financial decisions and situations. MAIN CAPABILITIES On successful completion of this paper, candidates should be able to: TX (F6) ATX (P6) A Apply further knowledge and understanding of the UK tax system through the study of further capital taxes, together with more advanced topics within the taxes studied previously. B Evaluate and explain the importance of taxation to personal and corporate financial management. C Identify and evaluate the impact of relevant taxes on various situations and courses of action, including the interaction of taxes. D Provide advice on minimising and/or deferring tax liabilities by the use of standard tax planning measures. E Communicate with clients, HM Revenue and Customs and other professionals in an appropriate manner. RELATIONAL DIAGRAM OF MAIN CAPABILITIES Communication with clients, H M Revenue and Customs and other professionals in an appropriate manner (E) Taxation aspects of personal and corporate financial management (B) Impact of relevant taxes on various situations and courses of action, including the interaction of taxes (C) Minimising and/or deferring tax liabilities by the use of standard tax planning measures (D) Understanding of the tax system through the study of further capital taxes, together with more advanced topics within the taxes studied previously (A)#p#分页标题#e# RATIONALE The Advanced Taxation syllabus further develops the key aspects of taxation introduced in the compulsory Taxation syllabus within the Skills module and extends the candidates?knowledge of the tax system, together with their ability to apply that knowledge to the issues commonly encountered by individuals and businesses, such that successful candidates should have the ability to interpret and analyse the information provided and communicate the outcomes in a manner appropriate to the intended audience. The syllabus builds on the basic knowledge of core taxes from the earlier taxation paper and introduces candidates to additional capital taxes in the form of inheritance tax, stamp duty and stamp duty land tax. As this is an optional paper, aimed at those requiring/desiring more than basic tax knowledge for their future professional lives, the syllabus also extends the knowledge of income tax, corporation tax and capital gains, to encompass, further overseas aspects of taxation, the taxation of trusts and additional exemptions and reliefs. Computations will normally only be required in support of explanations or advice and not in isolation. Candidates are not expected to concentrate on the computational aspects of taxation. Instead this paper seeks to develop candidates?skills of analysis, interpretation and communication. Candidates are expected to be able to use established tax planning methods and consider current issues in taxation. DETAILED SYLLABUS: A Knowledge and understanding of the UK tax system through the study of further capital taxes, together with more advanced topics within the taxes studied previously. 1. Income and income tax liabilities in situations involving further overseas aspects and in relation to trusts, and the application of additional exemptions and reliefs. 2. Corporation tax liabilities in situations involving further overseas and group aspects and in relation to special types of company, and the application of additional exemptions and reliefs. 3. Chargeable gains and capital gains tax liabilities in situations involving further overseas aspects and in relation to closely related persons and trusts, and the application of additional exemptions and reliefs. 4. Inheritance tax 5. Stamp duty and stamp duty land tax 6. National Insurance, value added tax and tax administration B The importance of taxation to personal and corporate financial management 1. The principles underlying personal financial management. 2. How an individual抯 personal financial objectives may differ depending on their circumstances and expectations. 3. The common forms of personal finance and investment products in a given set of circumstances, including ethical considerations. 4. How a business?financial objectives may differ depending on its circumstances and the business environment. 5. How taxation can affect the financial decisions made by businesses (corporate and unincorporated) and by individuals. 6. Other considerations, personal and commercial, which might affect a financial decision. C The impact of relevant taxes on various situations and courses of action, including the interaction of taxes 1. Taxes applicable to a given situation or course of action and their impact. 2. Alternative ways of achieving personal or business outcomes may lead to different tax consequences. 3. Tax advantages and/or disadvantages of alternative courses of action. 5 4. Statutory obligations imposed in a given situation, including any time limits for action and the implications of non-compliance. D Minimising and/or deferring tax liabilities by the use of standard tax planning measures 1. Types of investment and other expenditure that will result in a reduction in tax liabilities for an individual and/or a business. 2. Legitimate tax planning measures, by which the tax liabilities arising from a particular situation or course of action can be mitigated. 3. The appropriateness of such investment, expenditure or measures, given a particular taxpayer抯 circumstances or stated objectives. 4. The mitigation of tax in the manner recommended, by reference to numerical analysis and/or reasoned argument. 5. Ethical and professional issues arising from the giving of tax planning advice. 6. Current issues in taxation. E Communicating with clients, HM Revenue and Customs and other professionals 1. Communication of advice, recommendations and information in the required format. 2. Presentation of written information, in language appropriate to the purpose of the communication and the intended recipient. 3. Conclusions reached with relevant supporting computations. 4. Assumptions made or limitations in the analysis provided, together with any inadequacies in the information available and/or additional information required to provide a fuller analysis. 5. Other non-tax factors that should be considered. APPROACH TO EXAMINING THE SYLLABUS The paper consists of two sections: Section A consists of two compulsory questions for a total of between 50 and 70 marks. Marks may not be allocated evenly between the two questions. Section B consists of three questions, two of which must be answered. Each question will have the same number of marks, ranging from 15 marks each to 25 marks each. Questions will be scenario based and will normally involve consideration of more than one tax, together with some elements of planning and the interaction of taxes. Computations will normally only be required in support of explanations or advice and not in isolation. The examination is a three hour paper. Tax rates, allowances and information on certain reliefs will be given in the examination paper. 6 Study Guide A APPLY FURTHER KNOWLEDGE AND UNDERSTANDING OF THE UK TAX SYSTEM THROUGH THE STUDY OF FURTHER CAPITAL TAXES, TOGETHER WITH MORE ADVANCED TOPICS WITHIN THE TAXES STUDIED PREVIOUSLY. 1. Income and income tax liabilities in situations involving further overseas aspects and in relation to trusts, and the application of exemptions and reliefs a) The contents of the Paper F6 study guide for income tax, under headings: [2] ?B1 The scope of income tax ?B2 Income from employment ?B3 Income from self employment ?B4 Property and investment income ?B5 The comprehensive computation of taxable income and the income tax liability ?B6 The use of exemptions and reliefs in deferring and minimising income tax liabilities The following additional material is also examinable: b) The scope of income tax: [3] i) Explain and apply the concepts of residence, ordinary residence and domicile and advise on the relevance to income tax ii) Advise on the tax position of individuals coming to and leaving the UK iii) Determine the income tax treatment of overseas income iv) Understand the relevance of the OECD model double tax treaty to given situations vi) Calculate and advise on the double taxation relief available to individuals c) Income from employment: [3] i) Advise on the tax treatment of share option and share incentive schemes ii) Advise on the tax treatment of lump sum receipts iii) Advise on the overseas aspects of income from employment, including travelling and subsistence expenses iv) Identify personal service companies and advise on the tax consequences of providing services via a personal service company d) Income from self employment: i) Recognise the tax treatment of overseas trade travelling expenses [3] ii) Evaluate the tax treatment of research and development expenditure [3] iii) Establish the relief available on the transfer of a business to a company [3] iv) Establish the relief for capital losses on shares in unquoted trading companies [3] v) Understand the tax consequences of the disposal of an industrial building after a period of non-industrial use [2] vi) Recognise the tax treatment of the investment income and charges of a partnership [2] e) Property and investment income: [3] i) Assess the tax implications of pre-owned assets ii) Recognise income subject to the accrued income scheme iii) Advise on the tax implications of jointly held assets iv) Income from trusts and settlements: Understand the income tax position of trust beneficiaries f) The comprehensive computation of taxable income and the income tax liability:[3] i) Advise on the income tax position of the income of minor children g) The use of exemptions and reliefs in deferring and minimising income tax liabilities: i) Understand and apply the rules relating to investments in the enterprise investment scheme [3] ii) Understand and apply the rules relating to investments in venture capital trusts [3] iii) Explain the conditions that need to be satisfied for pension schemes to be approved by HM Revenue and Customs [2] Excluded topics Income from employment: ?Explanation of the PAYE system. ?The calculation of a car benefit where emission figures are not available. 7 Income from self employment: ?The 100% first year allowance for information and communication technology equipment. ?The 100% first year allowance for expenditure on renovating business premises in disadvantaged areas. ?The 100% first year allowance for flats above shops. ?The 100% first year allowance for water technologies. ?Capital allowances for agricultural buildings, patents, scientific research and know how. ?Enterprise zones. ?The allocation of notional profits and losses for a partnership. ?Farmers averaging of profits. ?The averaging of profits for authors and creative artists. ?Details of specific anti-avoidance provisions, except as stated in the study guide.#p#分页标题#e# Income from trusts and settlements: ?The computation of income tax payable by trustees. ?Overseas aspects. The comprehensive computation of taxable income and the income tax liability: ?The blind person抯 allowance and the married couple抯 age allowance. ?Tax credits ?Maintenance payments ?Charitable donations. ?Social security benefits apart from the State Retirement Pension. 2. Corporation tax liabilities in situations involving further overseas and group aspects and in relation to special types of company, and the application of additional exemptions and reliefs a) The contents of the Paper F6 study guide, for corporation tax, under headings:[2] ?C1 The scope of corporation tax ?C2 Profits chargeable to corporation tax ?C3 The comprehensive computation of corporation tax liability ?C4 The effect of a group structure for corporation tax purposes ?C5 The use of exemptions and reliefs in deferring and minimising corporation tax liabilities The following additional material is also examinable: b) The scope of corporation tax: [3] i) Identify and calculate corporation tax for companies with investment business. ii) Close companies: ?Apply the definition of a close company to given situations ?Conclude on the tax implications of a company being a close company or a close investment holding company iii) Identify and evaluate the significance of accounting periods on administration or winding up iv) Conclude on the tax treatment of returns to shareholders after winding up has commenced v) Advise on the tax implications of a purchase by a company of its own shares vi) Identify personal service companies and advise on the tax consequences of services being provided via a personal service company c) Profits chargeable to corporation tax: [3] i) Identify qualifying research and development expenditure and determine the amount of relief by reference to the size of the individual company/group iii) Determine the tax treatment of non trading deficits on loan relationships iii) Recognise the alternative tax treatments of intangible assets and conclude on the best treatment for a given company iv) Advise on the impact of the transfer pricing and thin capitalisation rules on companies v) Advise on the restriction on the use of losses on a change in ownership of a company 8 d) The comprehensive calculation of corporation tax liability: [3] i) Advise on the application of the corporate venturing scheme ii) Assess the impact of the OECD model double tax treaty on corporation tax iii) Evaluate the meaning and implications of a permanent establishment iv) Identify and advise on the tax implications of controlled foreign companies v) Advise on the tax position of overseas companies trading in the UK e) The effect of a group structure for corporation tax purposes: [3] i) Advise on the tax consequences of a transfer of intangible assets ii) Advise on the tax consequences of a transfer of a trade and assets where there is common control iii) Understand the meaning of consortium owned company and consortium member [2] iv) Advise on the operation of consortium relief v) Determine pre-entry gains and losses and understand their tax treatment vii) Determine the degrouping charge where a company leaves a group within six years of receiving an asset by way of a no gain/no loss transfer viii) Determine the effects of the anti-avoidance provisions, where arrangements exist for a company to leave a group ix) Advise on the relief for trading losses incurred by an overseas subsidiary f) The use of exemptions and reliefs in deferring and minimising corporation tax liabilities: No additional material at this level. Excluded topics The scope of corporation tax: ?Detailed knowledge of anti-avoidance provisions (except as stated in the Study Guide). The comprehensive calculation of the corporation tax liability: ?Corporation tax rates for companies in the process of winding up. ?Relief for overseas tax as an expense. ?Detailed knowledge of specific double taxation agreements. ?Migration of a UK resident company. ?Mixer companies. ?Detailed computational questions on the carry back and carry forward of unrelieved foreign tax. ?Detailed computational questions on the 'onshore pooling' provisions. ?Quarterly accounting for income tax. 3. Chargeable gains and capital gains tax liabilities in situations involving further overseas aspects and in relation to closely related persons and trusts together with the application of additional exemptions and reliefs a) The contents of the Paper F6 study guide for chargeable gains under headings:[2] ?D1 The scope of the taxation of capital gains ?D2 The basic principles of computing gains and losses ?D3 Gains and losses on the disposal of movable and immovable property ?D4 Gains and losses on the disposal of shares and securities ?D5 The computation of capital gains tax payable by individuals ?D6 The use of exemptions and reliefs in deferring and minimising tax liabilities arising on the disposal of capital assets The following additional material is also examinable: b) The scope of the taxation of capital gains: [3] i) Determine the tax implications of independent taxation and transfers between spouses ii) Identify the concepts of residence, ordinary residence and domicile and determine their relevance to capital gains tax iii) Determine the UK taxation of foreign gains, including double taxation relief iv) Conclude on the capital gains tax position of individuals coming to and leaving the UK v) Identify the occasions when a capital gain would arise on a partner in a partnership vi) Capital gains tax and trusts: 9 Advise on the capital gains tax implications of transfers of property into trust c) The basic principles of computing gains and losses: [3] i) Identify connected persons for capital gains tax purposes and advise on the tax implications of transfers between connected persons ii) Advise on the impact of dates of disposal and conditional contracts iii) Evaluate the use of capital losses in the year of death d) Gains and losses on the disposal of movable and immovable property: [3] i) Advise on the tax implications of a part disposal, including small part disposals of land ii) Determine the gain on the disposal of leases and wasting assets iii) Establish the tax effect of appropriations to and from trading stock iv) Establish the tax effect of capital sums received in respect of the loss, damage or destruction of an asset v) Advise on the tax effect of making negligible value claims vi) Determine when capital gains tax can be paid by instalments and evaluate when this would be advantageous to taxpayers e) Gains and losses on the disposal of shares and securities: [3] i) Extend the explanation of the treatment of rights issues to include the small part disposal rules applicable to rights issues ii) Determine the application of the substantial shareholdings exemption iii) Define a qualifying corporate bond (QCB), and understand what makes a corporate bond non-qualifying. Understand the capital gains tax implications of the disposal of QCBs in exchange for cash or shares iv) Apply the rules relating to reorganisations, reconstructions and amalgamations and advise on the most tax efficient options available in given circumstances f) The use of exemptions and reliefs in deferring and minimising tax liabilities arising on the disposal of capital assets: [3] i) Understand and apply holdover relief on gifts ii) Understand and apply enterprise investment scheme reinvestment relief iii) Understand the capital gains tax implications of the variation of wills Excluded topics The scope of the taxation of capital gains: ?Detailed knowledge of the statements of practice on partnership capital gains. ?Capital gains tax and trusts: ?Overseas aspects of capital gains tax and trusts The basic principles of computing gains and losses: ?Assets held at 31 March 1982. ?Relief for losses on loans made to traders. Gains and losses on the disposal of movable and immovable property: ?Chattels where the cost or proceeds are less than ?,000. ?Sets of chattels. ?The grant of a lease or sub-lease out of either a freehold, long lease or short lease. Gains and losses on the disposal of shares and securities: ?Computation of cost and indexed cost within the s.104 TCGA 1992 share pool 4. Inheritance tax a) The scope of inheritance tax: [2] i) Identify and explain the persons chargeable ii) Explain the concepts of domicile and deemed domicile and understand the application of these concepts to inheritance tax b) The basic principles for computing transfers of value: [3] i) State, explain and apply the meaning of transfers of value, chargeable transfers and potentially exempt transfers 10 ii) Demonstrate the fall in value principle iii) Demonstrate the seven year accumulation principle iv) Identify excluded property [2] v) Identify and advise on the tax implications of the location of assets vi) Identify and advise on gifts with reservation of benefit vii) Identify and advise on the tax implications of associated operations c) The liabilities arising on chargeable lifetime transfers and death transfers by individuals: [3] i) Advise on the tax implications of chargeable lifetime transfers ii) Advise on the tax implications of transfers within seven years of death iii) Compute the death estate [2]#p#分页标题#e# iv) Advise on the relief for the fall in value of lifetime gifts v) Advise on the operation of quick succession relief vi) Advise on the operation of double tax relief for inheritance tax vii) Advise on the inheritance tax effects and advantages of the variation of wills d) Computing transfers of value: [3] i) Advise on the principles of valuation ii) Advise on the availability of business property relief and agricultural property relief iii) Identify exempt transfers [2] e) The liabilities arising in respect of transfers to and from trusts and on property within trusts: [3] i) Define a trust [2] ii) Distinguish between an interest in possession trust and a discretionary trust iii) Advise on the inheritance tax implications of transfers of property into trust iv) Advise on the inheritance tax implications of the termination of the life tenant抯 interest v) Apply the definition of an accumulation and maintenance trust vi) Advise on the advantages of using an accumulation and maintenance trust vii) Identify the occasions on which inheritance tax is payable by the trustees of a discretionary trust f) The use of exemptions and reliefs in deferring and minimising inheritance tax liabilities: [3] i) Advise on the use of reliefs and exemptions to minimise inheritance tax liabilities, as mentioned in the sections above g) The system by which inheritance tax is administered, including the instalment option for the payment of tax: i) Identify those responsible for the payment of inheritance tax.[2] ii) Identify the occasions on which inheritance tax may be paid by instalments.[2] iii) Advise on the due dates, interest and penalties for inheritance tax purposes.[3] Excluded topics The scope of inheritance tax: ?Pre 18 March 1986 lifetime transfers ?Transfers of value by close companies The liabilities arising on chargeable lifetime transfers and on death: ?Double grossing up on death ?Post mortem reliefs ?Relief on relevant business property and agricultural property given as exempt legacies ?Detailed knowledge of the double charges legislation Computing transfers of value: ?Valuation of an annuity or an interest in possession where the trust interest is subject to an annuity ?Woodlands relief Conditional exemption for heritage property Inheritance tax and trusts: ?An accumulation and maintenance trust ceasing to qualify ?IHT aspects of discretionary trusts prior to 27 March 1974 ?Computation of ten year charges and exit charges ?Overseas aspects of inheritance tax and trusts 11 5. Stamp duties (stamp duty and stamp duty land tax) a) The scope of stamp duty and stamp duty land tax: [3] i) Identify the property in respect of which stamp duty and stamp duty land tax is payable. b) Identify and advise on the liabilities arising on documented transfers. [3] i) Advise on the stamp duties payable on transfers of shares and securities ii) Advise on the stamp duties payable on transfers of land c) The use of exemptions and reliefs in deferring and minimising stamp duties: [3] i) Identify transfers involving no consideration ii) Advise on group transactions d) Understand and explain the systems by which stamp duties are administered.[2] Excluded topics The scope of stamp duty and stamp duty land tax: ?Leases The liabilities arising on documented transfers: ?The contingency principle The systems by which stamp duties are administered: ?Detailed rules on interest and penalties 6. National insurance, value added tax and tax administration: a) The contents of the Paper F6 study guide for national insurance under headings:[2] ?E1 The scope of national insurance ?E2 Class 1 and class 1A contributions for employed persons ?E3 Class 2 and class 4 contributions for self-employed persons No additional material at this level. b) The contents of the Paper F6 study guide for value added tax (VAT) under headings: ?F1 The scope of value added tax (VAT) ?F2 The VAT registration requirements: ?F3 The computation of VAT liabilities: The following additional material is also examinable: i) Advise on the impact of the disaggregation of business activities for VAT purposes [3] ii) Advise on the impact of group registration and divisional registration [3] iii) Advise on the VAT implications of the supply of land and buildings in the UK iv) Advise on the VAT implications of imports and exports v) Advise on the VAT implications of acquisitions and supplies within the EU vi) Advise on the VAT implications of partial exemption vii) Advise on the application of the capital goods scheme c) The contents of the Paper F6 study guide for the obligations of taxpayers and/or their agents under headings: ?G1 The systems for self assessment and the making of returns ?G2 The time limits for the submission of information, claims and payment of tax, including payments on account ?G3 The procedures relating to enquiries appeals and disputes ?G4 Penalties for non-compliance No additional material at this level Excluded topics Value added tax: ?The determination of the tax point ?The contents of a valid VAT invoice ?Do it yourself builders ?Second hand goods scheme ?Retailers?schemes ?Schemes for farmers 12 B THE IMPORTANCE OF TAXATION TO PERSONAL AND CORPORATE FINANCIAL MANAGEMENT 1. The principles underlying personal financial management a) Calculate the receipts from a transaction, net of tax and compare the results of alternative scenarios and advise on the most tax efficient course of action.[3] 2. How an individual抯 personal financial objectives may differ depending on their circumstances and expectations a) Understand and apply the effect of age, family commitments, aspirations and the economy on personal financial objectives.[3] 3. The common forms of personal finance and investment products in a given set of circumstances, including ethical considerations a) Understand and be able to compare and contrast the tax treatment of the sources of finance available to individuals.[3] b) Understand and be able to compare and contrast the tax treatment of investment products: [3] i) Deposit based investments ii) Fixed interest securities iii) Packaged investments iv) Collective investments v) Equities vi) Enterprise investment scheme vii) Venture capital trusts viii)Fixed interest securities 4. How a business?financial objectives may differ depending on its circumstances and the business environment. a) Understand and be able to explain the effect of profitability, future plans, actions of competitors and the economy on a business?financial objectives.[3] 5. How taxation can affect the financial decisions made by businesses (corporate and unincorporated) and by individuals. a) Understand and explain the tax implications of the effect of the raising of equity and loan finance.[3] b) Explain the tax differences between decisions to lease, use hire purchase or purchase outright.[3] c) Understand and explain the impact of taxation on the cash flows of a business.[3] 6. Other considerations, personal and commercial, which might affect a financial decision.[3] C THE IMPACT OF RELEVANT TAXES ON VARIOUS SITUATIONS AND COURSES OF ACTION, INCLUDING THE INTERACTION OF TAXES 1. Identifying and advising on the taxes applicable to a given course of action and their impact.[3] 2. Identifying and understanding that the alternative ways of achieving personal or business outcomes may lead to different tax consequences.[3] 3. Assessing the tax advantages and disadvantages of alternative courses of action.[3] 4. Understanding the statutory obligations imposed in a given situation, including any time limits for action and advising on the implications of non-compliance.[3] D MINIMISING AND/OR DEFERRING TAX LIABILITIES BY THE USE OF STANDARD TAX PLANNING MEASURES 1. Identifying and advising on the types of investment and other expenditure that will result in a reduction in tax liabilities for an individual and/or a business.[3] 2. Advising on legitimate tax planning measures, by which the tax liabilities arising from a 13 particular situation or course of action can be mitigated.[3] 3. Advising on the appropriateness of such investment, expenditure or measures given a particular taxpayer抯 circumstances or stated objectives.[3] 4. Advise on the mitigation of tax in the manner recommended by reference to numerical analysis and/or reasoned argument.[3] 5. Be aware of the ethical and professional issues arising from the giving of tax planning advice.[3] 6. Be aware of and give advice on current issues in taxation.[3] E COMMUNICATING WITH CLIENTS, HM REVENUE AND CUSTOMS AND OTHER PROFESSIONALS IN AN APPROPRIATE MANNER 1. Communication of advice, recommendations and information in the required format:[3] For example the use of: ?Reports ?Letters(由英国论文指导中心提供整理） ?Memoranda ?Meeting notes 2. Presentation of written information, in language appropriate to the purpose of the communication and the intended recipient.[3] 3. Communicating conclusions reached, together, where necessary with relevant supporting computations.[3] 4. Stating and explaining assumptions made or limitations in the analysis provided; together with any inadequacies in the information available and/or additional information required to provide a fuller analysis.[3] 5. Identifying and explaining other, non-tax, factors that should be#p#分页标题#e# |
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