– Advanced Taxation Tips include: * Corporation tax including IBA, loss relief (S393A), group and consortium relief, overseas subsidiaries, group gains and VAT Key scenarios: One or more of the following is likely to feature on the exam: l CGT vs IHT for lifetime gifts l Employed vs self-employed (IT and NICs) l Badges of trade (IT vs CGT) l Employee vs partner (IT and NICs) l Extraction of funds from company: salary vs dividend (IT, NICs, Corp. Tax) l Incorporation (IT, NICs, VAT, CGT), perhaps with incorporation relief vs gift relief l Comparison of employment packages and benefits (eg. cash vs car, share options vs bonus) l Corporation tax – disposal of business: sale of shares vs sale of assets * Close companies - maybe a letter on this. * VAT – cash accounting scheme, annual accounting scheme, due date for registration. * Financial planning – sources of finance, lease versus buy, investments including EIS vs VCT, the Financial Services and Markets Act 2000, pensions
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发表于 2008-5-23 11:39
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