ADVANCED TAXATION (ATX) - UK

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              Syllabus

• 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 
• Identify and evaluate the impact of relevant taxes on various situations and courses of action, including the interaction of taxes 
• Provide advice on minimising and/or deferring tax liabilities by the use of standard tax planning measures 
• Communicate with clients, HM Revenue and Customs and other professionals in an appropriate manner. 
• Apply employability and technology skills.
   

              Core Areas

• The UK tax system and its administration 
• Income tax and NIC liabilities 
• Chargeable gains for individuals 
• Inheritance tax 
• Corporation tax liabilities 
• Value added tax (VAT)
• Overseas Aspects
• Stamp taxes
• Trusts

               Examinability

The syllabus is assessed by a three-hour and fifteen minutes examination computer-based.

• The exam consists of 2 sections: 
• Section A question will be ONE Case-Study consisting of a number of exhibits. The 50 marks will comprise of 35 technical marks, 5 ethics marks and 10 professional skills marks. 
• Section B will be consisting of TWO 25-Mark compulsory questions will generally consist of a single exhibit of information and a set of requirements. 
• There are 80 technical marks and 20 professional skills marks. Professional skills marks should be achieved as you work through the technical marks. 
• Candidates will be expected to undertake both calculation and narrative work. The questions will be scenario-based and may involve consideration of more than one tax, some elements of planning and the interaction of taxes. 
• In the Section A scenario-type exam questions, the examining team will tell you if they wish you to present your answer in a specific format e.g.  a report, a letter, briefing notes, or a memorandum. There will be marks available for using the appropriate format and style. In the exam you will be able to choose the most appropriate answer method either a word processor (narrative) and/or a spreadsheet (computations).