Description
Overview
The Advanced Taxation subject is designed to reflect the need to exercise professional judgement and provide relevant information and advice to individuals and businesses on the impact of major taxes on financial decisions and situations.
The syllabus builds on the basic knowledge of core taxes from the earlier taxation subjects and introduces you to stamp taxes. As this is an optional exam, 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, capital gains tax and inheritance tax 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. You are not expected to concentrate on the computational aspects of taxation. Instead, this subject seeks to develop candidates’ skills of analysis, interpretation and communication. You are expected to be able to use established tax planning methods and consider current issues in taxation.
Syllabus structure
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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.
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The impact of relevant taxes on various situations and courses of action, including the interaction of taxes.
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Minimising and/or deferring tax liabilities by the use of standard tax planning measures.
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Communicating with clients, HM Revenue and Customs and other professionals
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Main Capabilities
On successful completion of this subject, you should be able to:
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Apply further 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.
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Identify and evaluate the impact of relevant taxes on various situations and courses of action, including the interaction of taxes.
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Provide advice on minimising and/or deferring tax liabilities by the use of standard tax planning measures.
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Communicate with clients, HM Revenue and Customs and other professionals in an appropriate manner.
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Assessment
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Format: paper based
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Availability: March, June, September, and December
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Pass: A score of 50%
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Length: 3 hours and fifteen minutes
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Questions: The exam consists of two sections: Section A consists of two compulsory case-study questions. Question 1 has 35 marks, including four professional marks and question 2 has 25 marks. There will also be five ethics marks included within this section. Section B consists of two compulsory 20-mark questions, covering both business and personal tax issues.
Please Note: Official Exam is not provided; it should be purchased separately.
Registration and Access
Once you complete an online purchase you will receive confirmation of account activation. Please allow 48 hours to get access to all the modules and for your eLearning account to be set up.
If you wish to receive an invoice instead of paying online, please contact us at info@lgca.uk. Access to the course is valid for 365 days.
Certification
Upon the successful completion of the subject Advanced Taxation (ATX), you can advance to the next subject of the ACCA Strategic Professional Level or If you have already completed other subjects, you can proceed to the ethics and professional skills module.
Who is this course for?
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The ACCA qualification is ideal for people who want a career in finance and business.
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The ACCA qualification is ideal for people who want a career in finance and business.
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Requirements
The Advanced Taxation (ATX) exam is part of the Strategic Professional Level of the ACCA qualification. No exemption for this subject.
