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Paper 2: Corporate Tax & VAT

This class was created by Brainscape user Ben Portlock. Visit their profile to learn more about the creator.

By: Ben Portlock
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Decks in this class (23)

Chapter 1 - Intro to CT
Corp tax 1,
Company 2,
Corp tax 3
18  cards
Chapter 2 - Computation of CT
Financial year 2018 1,
Financial year straddle 2,
Fy straddle cont 3
5  cards
Chapter 3 - Long Periods of Account
Accounting periods 1,
Long poa 2,
Tax returns 3
10  cards
Chapter 4 - CT Self Assessment
Intro 1,
Notify chargeability 2,
Notice to file a return 3
9  cards
Chapter 5 - Payment of CT
Intro 1,
Large companies 2,
Augmented profits 3
15  cards
Chapter 6 - Interest on Late Paid Tax and Repayments
Interest 1,
Interest rate 2,
Repayments 3
4  cards
Chapter 7 - CTSA Penalty Regime
Penalties for failure to notify c...,
Penalties for late returns 2,
Penalties for failure to keep rec...
6  cards
Chapter 8 - Property Income
Intro 1,
Expenses 2,
Loan interest 3
6  cards
Chapter 9 - Loan Relationships
Definition 1,
Types of income and expenses 2,
Trade related lr 3
6  cards
Chapter 10 - Relief for Trading Losses
Relief for trading losses 1,
Current year releif 2,
Carry back losses 3
9  cards
Chapter 11 - Relief for Other Losses
Other losses 1,
Losses from a uk property business 2,
Excess uk property losses 3
6  cards
Chapter 12 - Corporate Capital Gains
Intro 1,
Note 2,
Calculation 3
16  cards
Chapter 13 - VAT General Principles
General principles 1,
Vat rates 2,
Vat fraction 3
8  cards
Chapter 14 - Registration
Compulsory vat registration 1,
Taxable person 2,
Voluntary registration 3
13  cards
Chapter 15 - Definition of Supplies
Five conditions 1,
Reduced rate 5 2,
Reduced rate groups 3
6  cards
Chapter 16 - Zero Rating
Schedule 8 vata 1994 1,
Groups 1 9 2,
Groups 10 18 3
10  cards
Chapter 17 - VAT Exempt
Schedule 9 vata 1994 1,
Groups 1 8 2,
Groups 9 16 3
4  cards
Chapter 18 - Value of the Supply
Consideration wholly in money 1,
Prompt payment discount 2,
Ppd 3
5  cards
Chapter 19 - Time of Supply
Time of supply 1,
Basic tax point 2,
Basic tax point override 3
4  cards
Chapter 20 - Input Tax - When to Recover
Introduction 1,
Conditions 2,
Supply for business purposes 3
6  cards
Chapter 21 - VAT Records and Returns
Records 1,
The vat account 2,
Vat payable portion 3
8  cards
Chapter 22 - International Aspects - Services
Place of supply 1,
Eu member state 2,
Outside the eu 3
12  cards
Chapter 23 - Tax in Company Financial Statements
Corporation tax 1,
Step 1 2,
Step 2 3
19  cards

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Paper 2: Corporate Tax & VAT

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