Course Brief

The Taxation syllabus aims to develop knowledge and skills relating to the tax system as applicable to individuals, single companies, and groups of companies.

The syllabus for Taxation - United Kingdom (TX-UK) introduces candidates to the subject of taxation and provides the core knowledge of the underlying principles and major technical areas of taxation as they affect the activities of individuals and businesses.
 
Candidates are introduced to the rationale behind – and the functions of – the tax system. The syllabus then considers the separate taxes that an accountant would need to have a detailed knowledge of, such as income tax from self-employment, employment and investments, the corporation tax liability of individual companies and groups of companies, the national insurance contribution liabilities of both employed and self-employed persons, the value added tax liability of businesses, the chargeable gains arising on disposals of investments by both individuals and companies, and the inheritance tax liabilities arising on chargeable lifetime transfers and on death.
 
Having covered the core areas of the basic taxes, candidates should be able to compute tax liabilities, explain the basis of their calculations, apply tax planning techniques for individuals and companies and identify the compliance issues for each major tax through a variety of business and personal scenarios and situations.

  • This course is offered in 70 hours

On successful completion of this paper candidates
should be able to: 

  • Explain the operation and scope of the tax system and the obligations of tax payer and/or their agents and the implications of noncompliance. 
  • Explain and compute the income tax liabilities of individuals and the effect of national insurance contributions (NIC) on employees, employers and the self-employed.
  • Explain and compute the chargeable gains arising on individuals. 
  • Explain and compute the inheritance tax liabilities of individuals. 
  • Explain and compute the corporation tax liabilities of individual companies and groups of companies. 
  • Explain and compute the effects of value added tax on incorporated and unincorporated businesses

Course Content

  • The UK tax system and its administration.
  • Income tax and NIC liabilities.
  • Chargeable gains for individuals.
  • Inheritance tax.
  • Corporation tax liabilities.
  • Value added tax.

The syllabus is assessed by:

  • A three-hour examination available in both computer-based and
    paper-based formats.*
    *For paper-based exams there is an extra 15 minutes to reflect the manual effort required. 
  • The exam will be predominantly computational and all questions are compulsory.
    Section A of the exam comprises 15 multiple choice questions of 2 marks each.
    Section B of the exam comprises three 10 mark questions which comprise five multiple choice questions of 2 marks each.
    Section C of the exam will comprise one 10 mark question and two 15 mark questions. 
  • The two 15 mark questions will focus on income tax (syllabus area B) and corporation tax (syllabus area E). 
  • All other questions can cover any areas of the syllabus.
  • The Association of Chartered Certified Accountants (ACCA)

    The Association of Chartered Certified Accountants (ACCA) offers a professional qualification, which has been recognised and respected across the world for over 100 years. ACCA is currently the largest British accountancy body with over 180,000 members and 480,000 students in 181 countries.

    January - June 2019 Semester Schedules for ACCA (Champs Fleurs):

    *Click for more information on BPP / SBCS Blended Learning

    ACCA Course Outlines/ Lecture Sequences for the January - June 2019 Semester (Champs Fleurs)

    ACCA Course Outlines/ Lecture Sequences for the January - June 2019 Semester (San Fernando)


    Collect more Certifications along your journey towards ACCA Membership!

    Gain a Diploma in Accounting and Business when you pass the first three exams of the ACCA Qualification Applied Knowledge modules (AB, MA and FA), and the Foundations in Professionalism (FIP) ethics module.

    An Advanced Diploma in Accounting and Business can also be achieved by successfully completing all exams in the  ACCA Applied Knowledge and ACCA Applied Skills exams (AB – FM) of the ACCA programme and the Ethics and Professional Skills module.

    Completion of the Advanced Diploma and successful completion of the Strategic Professional exams (SBL - Strategic Business Leader, SBR - Strategic Business Reporting and two option modules) will allow you to become an ACCA affiliate.

    As part of your journey to becoming a qualified ACCA member, you will be required to complete the Ethics and Professional Skills Module which supplements your technical knowledge of the programme by helping to develop ethical and professional behaviours. You must also demonstrate relevant skills and experience within a real work environment. This is what the PER (Practical Experience Requirement) is all about.

    Get a BSc (Hons) degree in Applied Accounting at the same time as becoming a qualified accountant through ACCA’s partnership with Oxford Brookes University (OBU). This is the perfect way to gain an extra qualification without doubling your workload. Having this degree with an ACCA qualification is a powerful combination of qualifications, which puts you in demand with employers, and increases your career prospects.

    To achieve this, you need to:

    • Pass your ACCA Qualification exams
    • Pass the Ethics and Professional Skills Module
    • Submit a research and analysis project.

    Expand your potential; go beyond ACCA!

    ACCA members can seamlessly progress to one of our Edinburgh Business School, Heriot-Watt University MBA or MSc programmes, which we have been offering for over 24 years.

    ACCA members can gain a fast-track entry through free-of-charge credit transfer and exemption when they matriculate for the MSc in Financial Management or the MBA programme offered by Edinburgh Business School, Heriot-Watt University.

    Entitlement to credit transfer or exemption will be assessed on an individual basis. A maximum of four exemptions from the nine-module programme may be available.


    Alumni Voice

    Don't just take our word for it; read what our graduates have to say about pursuing ACCA at SBCS!

  • The Taxation syllabus aims to develop knowledge and skills relating to the tax system as applicable to individuals, single companies, and groups of companies.

    The syllabus for Taxation - United Kingdom (TX-UK) introduces candidates to the subject of taxation and provides the core knowledge of the underlying principles and major technical areas of taxation as they affect the activities of individuals and businesses.
     
    Candidates are introduced to the rationale behind – and the functions of – the tax system. The syllabus then considers the separate taxes that an accountant would need to have a detailed knowledge of, such as income tax from self-employment, employment and investments, the corporation tax liability of individual companies and groups of companies, the national insurance contribution liabilities of both employed and self-employed persons, the value added tax liability of businesses, the chargeable gains arising on disposals of investments by both individuals and companies, and the inheritance tax liabilities arising on chargeable lifetime transfers and on death.
     
    Having covered the core areas of the basic taxes, candidates should be able to compute tax liabilities, explain the basis of their calculations, apply tax planning techniques for individuals and companies and identify the compliance issues for each major tax through a variety of business and personal scenarios and situations.