The Taxation and Revenue Law course is an overview of the UK taxation system.

The objective of the course is to provide an overview of the structure of the tax legislation which will enable participants to determine the tax consequences that flow from factual situations.

We will be studying the legislation and decided cases with the consideration of hypothetical factual situations that would commonly be encountered in practice.

More specifically, participants will learn about the main features of the income tax system including the concept of total income, personal allowances and deductibility of different types of receipts and items of expenditure. We will consider the tax treatment of fringe benefits and capital gains.

The differing tax consequences in respect of various legal entities, such as partnerships, trusts and companies, are also studied.

The last part of the course deals with the collection and recovery of tax, and the procedures to be followed by a taxpayer in disputing a tax assessment.

Learning Objectives:

At the end of this module, participants will understand the impact of taxation and should be able to:-

  • Use the legal knowledge, skills, procedures and behaviours appropriate to the client;
  • Recognize conduct issues and act within the Code of Conduct
  • Identify the client’s reasonable expectations as to quality and timeliness of service

Topics include:

  1. INCOME TAX (Total Income, personal allowances, calculation of income tax liability, deductions, residence, anti-avoidance and rules relating to gifts and settlements);
  2. CAPITAL GAINS TAX (main principles of capital gains tax, including the charge on the disposal or deemed disposal of assets and the calculation of chargeable gains, main exemptions and reliefs from capital gains tax);
  3.  INHERITANCE TAX (charge of tax on death, on immediately chargeable lifetime transfers, exempt transfers, on gifts with the reservation of benefit, payment of tax due, exemptions and reliefs, anti-avoidance provisions).
  4.  CORPORATION TAX (principles of company tax, company income, deductions, dividends)
  6. VAT (basic principles of VAT including: registration of taxable persons, taxable supplies, input and output tax, standard and zero rating, exemptions)

For further details send an email to Dates for courses in 2017 are coming soon. 


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