ACCA - F6 Tax (FA2009): Study Text by BPP Learning Media

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The organization of Chartered qualified Accountants (ACCA) is the worldwide physique for pro accountants. With over a hundred years of offering world-class accounting and finance skills, the ACCA has considerably raised its foreign profile lately and now helps a BSc (Hons) in utilized Accounting and an MBA.BPP studying Media is an ACCA authentic writer. F6, the 1st of the ACCA tax papers, covers the basics of all of the major united kingdom taxes. The examination paper is especially computational and calls for you to illustrate for you to compute source of revenue tax, company tax, VAT, capital earnings tax and nationwide insurance.Paper F6 offers with the taxation of people in addition to with the taxation of businesses.Our F6 FA2009 research textual content has been licensed by means of the examiner. It covers the total syllabus at simply the proper point. there isn't any roughly info than you want to understand. As computations are crucial point of this paper, there are many labored examples and questions in the course of the textual content. The query and solution financial institution within the textual content involves various examination common questions and, that you should see the structure of the examination paper, the paper F6 pilot paper is incorporated in its entirety on the finish of the text.BPP studying Media is the writer of selection for plenty of ACCA scholars and school companies around the world. subscribe to them and plug right into a global of craftsmanship in ACCA tests.

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ACCA - F6 Tax (FA2009): Study Text

The organization of Chartered qualified Accountants (ACCA) is the worldwide physique for pro accountants. With over a hundred years of delivering world-class accounting and finance skills, the ACCA has considerably raised its foreign profile in recent times and now helps a BSc (Hons) in utilized Accounting and an MBA.

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Before we can calculate employment income, we must be sure that the individual is employed rather than self employed. This can only be decided by looking at all the facts of the engagement. 2 Employment and self employment Exam focus point Many of the tax rules have come about as a result of legal cases. In the exam you are not required to know the relevant cases. However we have included the case names in the Text for your information. The distinction between employment (receipts taxable as earnings) and self employment (receipts taxable as trading income) is a fine one.

The price (including fitting) of all optional accessories provided when the car was first provided to the employee, excluding mobile telephones and equipment needed by a disabled employee. The extra cost of adapting or manufacturing a car to run on road fuel gases is not included. The price (including fitting) of all optional accessories fitted later and costing at least £100 each, excluding mobile telephones and equipment needed by a disabled employee. Such accessories affect the taxable benefit from and including the tax year in which they are fitted.

Answer Round CO2 emissions figure down to the nearest 5, ie 185g/km. Amount by which CO2 emissions exceed the baseline: (185 – 135) = 50 g/km Divide by 5 = 10 Taxable percentage = 15% + 10% = 25% Car benefit £15,000 × 25% Fuel benefit £16,900 × 25% Less contribution towards use of car £ 3,750 4,225 7,975 (270) 7,705 If the contribution of £270 had been towards the petrol the benefit would have been £7,975. Part B Income tax and national insurance contributions ⏐ 4: Taxable and exempt benefits. 5 Vans and heavier commercial vehicles If a van (of normal maximum laden weight up to 3,500 kg) is made available for an employee's private use, there is an annual scale charge of £3,000.

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