May and November 2015 - Jellyhauspostgraduate.focus-school.com/.../08/ATT-Syllabus-2015.pdf ·...

May and November 2015

2

FORMAT AND SYLLABUSASSOCIATION OF TAXATION TECHNICIANS

Format of Certificate papers 3

Paper 1 Personal Taxation 4

Paper 2 Business Taxation & Accounting Principles 4

Paper 3 Business Compliance 5

Paper 4 Corporate Taxation 5

Paper 5 Inheritance Tax, Trusts & Estates 6

Paper 6 Value Added Tax 6

Format of E-Assessments 7

E-Assessment in Professional Responsibilities & Ethics 8

E-Assessment in Law 8

Detailed Syllabus 9

3


Format of Certificate papers

Each Certificate paper is three and a quarter hours in length, the first quarter of an hour being designated as reading time.

You are permitted to annotate your question paper during the 15 minutes reading time, but calculators may not be used.

You will still not be permitted to commence writing your examination answer in the answer folder during this time and you will only be allowed to start writing your answer when the Presiding Officer informs you of the end of the reading time.

Questions will not be set which require knowledge of:

• any statute receiving Royal Assent or any statutory instrument made on or after 1 September 2014;

• with the exception of Inheritance Tax, any legislation repealed or superseded prior to 1 September 2014;

• any case reported on or after 1 September 2014.

Questions may be set:

• on prospective legislation passed prior to 1 September 2014 even if it is not in force;

• on matters which are not specifically listed in the syllabus but which are related to topics within the syllabus (for example, accountancy principles for the computation of business income);

• on matters which require a knowledge of taxes which are not specifically within the syllabus of a particular paper but are within the syllabus as a whole.

Both the May and November 2015 examinations will be based on Finance Act 2014.

Certificate papers are in traditional form with a mixture of computational and written questions and no question choice. The short-form questions carry marks of between two and four marks each and in total account for 40% of the available marks. There will therefore be between 10 and 20 such questions in each paper. The remaining available marks are accounted for by between three and five longer questions carrying from 10 to 20 marks each.

The overall objectives and specific learning outcomes for each of the papers are set out on pages 4 to 8.

4


5


Paper 1: Personal Taxation

Overall objectives

Successful completion of this paper will involve you being able to calculate an individual’s income tax and capital gains tax liabilities and to demonstrate a sound understanding of how these liabilities are affected by an individual’s residence and domicile status. You should also have a sound understanding of when these liabilities must be reported and paid and the implications of failing to meet these obligations. You should be aware of the legal and ethical issues connected with the taxation of individuals.

Learning outcomes

You should be able to demonstrate that you

• Are able to calculate the income tax payable by an individual

• Are able to calculate the capital gains tax payable by an individual

• Understand how an individual’s residence and domicile status affects their personal tax liabilities

• Understand an individual’s compliance obligations regarding their personal tax liability

• Understand the relevant professional ethics and legal issues when dealing with the tax affairs of individuals

• Are able to communicate with clients and colleagues in a professional manner in written correspondence

Paper 2: Business Taxation & Accounting Principles

Overall objectives

Successful completion of this paper will involve you being able to calculate the profits and gains assessable in respect of both incorporated and unincorporated businesses, and the corporation tax payable by incorporated businesses. You should also have a sound understanding of the compliance obligations affecting businesses, including those relating to VAT and national insurance, and be able to record transactions in financial statements. You should be aware of the legal and ethical issues connected with the taxation of businesses.

Learning outcomes


• Are able to calculate the profits assessable in respect of a business

• Are able to calculate the chargeable gains incurred by, or in respect of, a business after taking account of any available reliefs

• Are able to calculate the corporation tax payable by an incorporated business

• Understand the compliance obligations affecting businesses, including those relating to VAT and national insurance

• Are able to record transactions in financial statements

• Understand the relevant professional ethics and legal issues when dealing with the tax affairs of businesses


6


Paper 4: Corporate Taxation

Overall objectives

Successful completion of this paper will involve you being able to calculate a company’s corporation tax liability. You should have a sound understanding of the tax issues relating to different types of corporate structures throughout their business lifecycle, including incorporation, extraction of funds, operating as a group or overseas, and on their eventual disposal. You should also have a sound understanding of when a corporate business’s tax liability must be reported and paid. You should be aware of the legal and ethical issues connected with corporate taxation.

Learning outcomes


• Are able to calculate a company’s corporation tax liability

• Understand the tax implications of incorporating a company

• Understand the tax implications of extracting profits from a company

• Understand the tax implications of disposing of a business or a share of a business

• Understand the tax implications of corporate group structures

• Understand the corporation tax implications of trading abroad

• Understand the tax implications of different types of companies and corporate structures

• Understand the compliance obligations affecting a corporate business

• Understand the relevant professional ethics and legal issues when dealing with corporate taxation


Paper 3: Business Compliance

Overall objectives

Successful completion of this paper will involve you being able to demonstrate a sound knowledge of, and be able to calculate, employment income, national insurance and VAT in respect of a business and its employees. You should also have a sound understanding of a business’s obligations regarding payroll administration, VAT compliance and the construction industry scheme, and the implications of failing to meet those obligations. You should be aware of the legal and ethical issues connected with business compliance.

Learning outcomes


• Are able to calculate the employment income assessable on a business’s employees

• Are able to calculate the national insurance payable by employees and employers

• Are able to calculate the amount of VAT payable by a business to HM Revenue & Customs

• Understand the compliance obligations for a business regarding payroll administration

• Understand the compliance obligations imposed by the construction industry scheme

• Understand the VAT compliance obligations for a business

• Understand the implications of a business failing to meet its compliance obligations regarding payroll, construction industry or VAT administration

• Understand how to record transactions in financial statements

• Understand the relevant professional ethics and legal issues when dealing with business compliance


7


Paper 5: Inheritance Tax, Trusts & Estates

Overall objectives

Successful completion of this paper will involve you having a sound understanding of how an individual’s inheritance tax liability is calculated and how this is affected by an individual’s domicile status. You should understand the legal and tax implications of using trusts. You should understand how to calculate the tax liability incurred by the executors in respect of the administration of an estate and the law relating to wills and intestacy. You should also understand the compliance obligations relating to inheritance tax, trusts and estates. You should be aware of the legal and ethical issues connected with inheritance tax, trusts & estates.

Learning outcomes


• Are able to calculate the inheritance tax payable by an individual

• Understand how an individual’s domicile affects their inheritance tax liability

• Are able to calculate the tax payable in respect of a trust

• Are able to calculate the tax liability incurred by the executors in respect of the administration of an estate

• Understand the compliance obligations relating to inheritance tax, trusts and estates

• Understand the relevant professional ethics and legal issues when dealing with inheritance tax, trusts and estates


Paper 6: Value Added Tax

Overall objectives

Successful completion of this paper will involve you being able to calculate a trader’s VAT liability. You should understand the VAT implications of supplying or purchasing land and buildings or construction services and should also have a sound understanding of a trader’s VAT compliance obligations. You should be aware of the legal and ethical issues connected with VAT.

Learning outcomes


• Are able to calculate the amount of VAT payable by a trader

• Understand the VAT implications of a trader supplying or purchasing land and buildings or construction services

• Understand a trader’s VAT compliance obligations

• Understand the relevant professional ethics and legal issues when dealing with VAT


8


Format of E-Assessments

There are two E-Assessments: one in Professional Responsibilities & Ethics, the other in Law.

Each of these E-Assessments will be of one-hour duration and will be made up of two different types of question:

• Multiple choice questions – where you will be required to identify one correct response from a choice of four.

• Multiple response questions – where you will be required to identify several correct responses from a choice of up to six.

Each question type is worth one mark.

You will be allocated 60 questions to answer within the hour permitted for each E-Assessment. At least 40 of the responses to the questions must be correct to pass each E-Assessment. The questions for an E-Assessment will be randomly selected before you start the test. This means that each E-Assessment will be unique.

Some sample questions will be provided before the start of the actual E-Assessment in order to allow you to familiarise yourself with the format of the examination.

The objectives for each of the E-Assessments are set out on page 8.

The process for applying for and sitting the E-Assessments is different from that for the Certificate Papers. You should refer to the specific information on the ATT website:

www.att.org.uk/students/current/eassessments

ATT publications

Essential Law for Tax Practitioners

This contains all the law examinable in the Certificate papers and the Law E-Assessment. The examinations are currently based on the third edition, which was published in October 2013.

The topics examinable in each of the Certificate papers, where appropriate, are included in a detailed syllabus in the following pages.

Professional Responsibilities and Ethics for Tax Practitioners

This contains all the ethics examinable in the Certificate papers and the Professional Responsibilities and Ethics E-Assessment.

The second edition was published in October 2014 and will be examinable from 1 March 2015. (E-Assessments prior to that date are based on the first edition).


Essential Accounting for Tax Practitioners

If you are sitting Papers 2, 3, 4 or 6 you will also need to purchase the manual Essential Accounting for Tax Practitioners (second edition).This contains all the accounting elements examined in the ATT’s examination.


All of the above manuals can be purchased online through the ATT shop on the ATT website (www.att.org.uk/shop/publications).

9


E-Assessment in Professional Responsibilities & Ethics

Overall objectives

Successful completion of this E-Assessment will involve you being able to demonstrate your understanding of the ethical framework within which a taxation practitioner operates and their legal obligations regarding money laundering.

Learning outcomes


• Understand the ethical framework within which a taxation practitioner operates, by reference to the Association’s rules and guidelines

• Understand a taxation practitioner’s obligations regarding money laundering

E-Assessment in Law

Overall objectives

Successful completion of this E-Assessment will involve you being able to demonstrate your understanding of those areas of the law that are likely to impact upon a taxation practitioner’s duties, including the legal framework within which they will operate. You should also understand the law relating to businesses, property, trusts, wills and intestacy.

Scottish candidates may present answers based on Scottish legal equivalents within the syllabus.

Learning outcomes


• Understand the legal framework within which a taxation practitioner operates

• Understand the law relating to partnerships

• Understand the law relating to companies

• Understand the legal issues involved in the disposal of a business

• Understand the law relating to property

• Understand the law relating to intellectual property

• Understand the law relating to trusts, wills and intestacy

10


Detailed Syllabus

The tables on the following pages show the subjects which are within the syllabuses of the six Certificate papers. The tables also show the specific areas and specialised matters which are specifically excluded from the syllabus. Recent changes to the syllabus are shown in bold type.

For each paper, the required depth of knowledge is indicated:

P = Principles

You will be expected to have an awareness that a provision exists and its main thrust, without necessarily knowing the details of the provision. For example, you will be expected to be aware of the concept of domicile and how it can affect liability to tax, but you would not be required to advise on the steps which would be required to acquire a domicile of choice.

C = Computational

You will be expected to calculate a liability from data already provided. You might, for example, be provided with data about the receipt of qualifying care relief and asked to calculate the amount chargeable to tax. You would not, at this level, be expected to comment on the detailed requirements in order to obtain the relief.

D = Details

You will be expected to know the detail of legislative provisions and be able to explain them to others, whether clients, colleagues or the authorities.

The syllabus grids that follow are for the 2015 examinations.

11


Income TaxPersonal Taxation

Business Taxation & Accounting Principles

Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT Excluded

Accrued income scheme C CAdministration D D P D DAllowances D P PAppeals P P P PApproved share schemes– employee’s tax position– Company share option plans D D– Enterprise management incentives D D– Savings-related schemes D D– Share incentive plans D DBasis periods D P

Benefits and expenses D D PCapital allowances – P&M D P PCap on Income Tax reliefs C CCharities – Gift Aid, Gifts of assets and Payroll giving

D D

Compliance checks P P P PConstruction Industry Scheme D

Deceased person’s estate

– Tax position of beneficiaries C D– Tax position of estate DDeeds of Variation DDomicile P P PDouble taxation relief C

Employee trusts XEmployee shareholder status D DEmployment income and expenses D DEnterprise Investment Scheme – reliefs for individuals

D

Entertainers and sportsmen XFarmers– Averaging D– Herd Basis PForeign income DFURBS XHigh income child benefit charge CIncorporation of a business DIndividual Savings Accounts– tax position of individuals

D C

Interest on late payment of tax D D P P DInterest paid DIR35 – Provision of services throughan intermediary

D D

12


Income Tax (Continued)

Personal Taxation


Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT Excluded

Life Policies – tax position ofindividual investor

C

Limited Liability Partnerships PLloyd’s underwriters XMarriage, separation and divorceand civil partnerships

D

Married couples – income from jointly owned businesses

P P

Miscellaneous income taxableon individuals

D

Non domiciled individuals– UK tax position

D

Offshore funds XOverseas employment and expenses C CPartnerships (excluding LLP’s) D

PAYE including penalties D

Payment of tax D D P D

Payments to employees forrestrictive covenants

D D

Penalties D D P D

Pension contributons

– Occupational pension schemes D D

– Personal pension schemes D

Pension income D

Post cessation receipts and expenses P P

Pre owned assets C D

Pre trading expenditure P

Profits of trades and professions D P

Property income D C

Qualifying care relief C

Real estate investment trusts– tax position of investor

C

Remittance basis D

Residence C P P

Restricted securities P

Savings income D C

Seed EIS (relief for individuals) D

13


Income Tax (Continued) Personal

Taxation


Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT Excluded

Self employed/employee P D DSelf-Assessment D D D DShare Schemes – Employer liability DSimpler Income Tax C PSocial investment tax relief DSocial security benefits– tax position of individuals C

Student loans – administration DTax Credits (including WorkingTax Credits and Child Tax Credits) C

Tax rates D C P P CTermination payments D D DTrading losses D PTransactions in land– Anti Avoidance Provisions X

Transactions in securities (other thantaxation of accrued income of individuals) X

Transfer of assets abroad XTrusts– tax position of beneficiaries C D– tax position of UK trusts DUnapproved share schemes P PVenture capital trusts – reliefs for individuals D

14


Personal Taxation


Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT Excluded

Administration D D D DAmalgamations and takeovers CAnti-avoidance XCapital sums derived from assets DChargeable assets D C C CChargeable persons D C C DChattels/wasting assets D C D PCompanies (disposals by) C DCompensation DCompulsory acquisition of land XConnected persons D P P DDebts D PDeeds of Variation DDemergers XDisincorporation relief CDouble taxation relief CEnterprise investment scheme – deferral relief

D P P

EIS-disposal relief DEntrepreneurs’ relief D D D DEstates DGifts/holdover relief D C C DGilts and QCBs DGroups of Companies DIncorporation DIndexation C CInsurance companies XInterest on late payment of tax D D D DLand– general D C C P– grant of short lease from short lease C– part disposals D C CLloyd’s underwriters XLosses on unquoted shares DMiscellaneous cases withinTCGA 1992 Part VI Ch IV

X

Negligible value claims DNo gain/no loss disposals D P D PNon-UK resident companies XOccasion of charge D C C DOffshore trusts X

Capital Gains Tax / Corporation Tax on Capital Gains

15


Capital Gains Tax / Corporation Tax on Capital Gains (Continued)

Personal Taxation


Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT Excluded

Oil and Mining industries XOptions XOverseas elements eg remittance basis/ temporary non residence

D

Partnership matters (excluding LLP’s) PPartnership matters (LLP’s) PPayment of tax D D D DPenalties D D D DPersonal representatives DPrincipal private residence D DPrinciples of computation D C C DReorganisations and Reconstructions(share for share/share for QCBon takeover)

C

Rollover relief P CSeed EIS DSeries of transactions PShares and securities D C C PSocial investment tax relief DSubstantial Shareholdings PUK Trusts DValuation D P CValue Shifting XVCT disposal relief D

16


Corporation TaxPersonal Taxation


Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT Excluded

Accounting Periods C CAdministration D DAnti-avoidance relating to changeof ownership

P

Anti-avoidance – sale and leaseback XCapital Allowances – P&M D D PClose companies DCompany residence PComputation of profits C CControlled foreign companies XCT Self-Assessment D DDistributions PDouble tax relief CDouble tax treaties – OECD model XFinancial instruments XFOREX XGroup of companies, consortia – definition CGroup reconstructions and charges PGroup relief DIncome tax re company CInsurance companies XIntangible fixed assets PInterest on late payment of tax D DInterest/Loan relationships C DInvestment companies PIR35 – provision of services through an intermediary

C C

Liquidation/receivership XLosses D DOverseas branches & subsidiaries CPayment of tax D DPatent box PPenalties D DProperty income P DPurchase of own shares CResearch and development PSmall profits relief C CTransfer pricing CUnit/investment trusts X

17


Inheritance TaxPersonal Taxation


Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT Excluded

A&M Trusts DAccounts/returns DAdministration DAgricultural property relief DAnnual exemption DAnti-avoidance XBare Trusts DBusiness property relief DChargeable transfers DComputation at death– on estate C– recalculation for lifetime gifts DComputation of lifetime transfers DDebts DDiscretionary trusts – post-1974 DDiscretionary trusts – pre-1974 XDispositions DDomicile DDouble taxation relief CExcluded property DExemptions DGifts at marriage DGifts of residue DGifts to charities DGifts with reservation of benefit DGrossing up CHeritage property PImmediate post-death interest trusts DIncrease in thresholds DInter-spouse transfer DInterest on late payment of tax DInterest in possession trusts DIntestacy DLex situs PLiabilities DNormal expenditure out of income DPayment of tax DPenalties DPost-death variations DPost-mortem reliefs DPotentially exempt transfers DProtective trusts P

18


Inheritance Tax (continued) Personal

Taxation


Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT Excluded

Quick succession relief CRates CRelated property DRelevant property trusts DSeven year accumulation period DSmall gifts exemption DTaper relief DTransfers of value DTrusts for bereaved minors DTrusts for the disabled DValuation CWoodlands X

19


VATPersonal Taxation


Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT Excluded

Accounting and records P D P DAdministration D DAgency XAnnual Accounting D P DAnti-avoidance/Blocking orders PBad debt relief D P DBusiness/non-business – definition P DCapital goods scheme CCash accounting D P DCharities PConstruction Services– definition D– conversions and alterations D– relevant residential/charitable purposes DEuropean law PExempt, reduced rate andzero-rated supplies

P D P D

Farmers flat rate scheme PFlat rate scheme C P DGovernment departments,local authorities and similar bodies

X

Groups of companies andgroup registration

P P

Imports and exports (EU and non-EU) P DInput tax C D C DInterest on late payment of VAT P DInternational services P DInvestigations XLand transactions– election to waive exemption D– grants of an interest in land D– standard rated supplies DLiquidations XPartial exemption – override provisions XPartial exemption – ‘special methods’ DPartial exemption – standard method C DPayment of tax D DPenalties/Defaults C DPlace of supply P P P DRefunds under 13th directive and 2008/9 directive

P

Registration/Deregistration C D C DRetail schemes C CReturns D DSelf supply P

20


VAT (continued) Personal

Taxation


Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT Excluded

Supplies D DTaxable person P D P DTime of supply P D P DTour operators’ margin scheme XTransfer of going concern D P DValue of supplies C C C DVAT Tribunal specific decisions P

21


National Insurance Contributions

Personal Taxation


Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT Excluded

Administration P DBenefits and expenses P P D PClasses of NIC P P D PContracting out provisions P PDirectors DEmployed/Self-employed P C CEmployment allowance C D CMarried women’s reduced rate PMaximum contributions and deferral P C POverseas Aspects XPayment of tax P D PShare Options P DSSP and SMP rules P

22


LawPersonal Taxation


Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT Law

Chapter 1 – Nature of law in the UK ü

Chapter 2 – Legislation in the UK ü

Chapter 3 – Case law ü

Chapter 4 – EU law ü

Chapter 5 – Regulatory framework of the tax adviser– Introduction ü ü ü ü ü ü ü

– Regulated financial services activities ü ü ü ü ü ü ü

– Regulations regarding money laundering

ü ü ü ü ü ü ü

– Regulations regarding bribery ü ü ü ü ü ü ü

– Regulations on data protection, freedom of information and privacy

ü ü ü ü ü ü ü

– The tax adviser’s contractual obligations ü ü ü ü ü ü ü

– Professional negligence ü ü ü ü ü ü ü

– Vicarious liability ü ü ü ü

– Professional privilege ü ü ü ü ü ü ü

– Tax avoidance and tax evasion ü ü ü ü ü ü ü

– Introduction to criminal law ü

– Criminal procedure ü

– Elements of a crime ü

– Specific criminal offences ü

– Investigation and prosecution of tax offences

ü

Chapter 6 – Contract law ü

Chapter 7 – Agency law ü

Chapter 8 – Working relationships and the law– All sections ü ü ü

– Sections 1-3 only ü ü

Chapter 9 – Traders and the law ü ü ü

Chapter 10 – Partnership law – Sections 1-8, and 10 ü ü

– Section 9 only ü ü

Chapter 11– Introduction to company law – All sections ü ü

– Sections 1– 9 only ü ü

Chapter 12 – Management of companies

ü ü ü ü

Chapter 13 – Share capital Introduction ü ü ü ü

– The nature of shares ü ü ü ü

– Share capital ü ü ü ü

– Classes of shares ü ü ü ü

– Ordinary shares ü ü ü ü

23


Law (continued) Personal

Taxation


Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT Law

– Preference shares ü ü ü ü

– Protecting the rights of shareholders ü

– Shareholders’ agreements ü

– Class rights ü

– Minority protection ü

– Allotment and issue of shares ü ü ü

– Payment for shares ü ü ü

– Reorganisation of share capital ü ü

– General rules on employees’ share schemes ü ü

– Transfer of shares ü ü

Chapter 14 – Capital maintenance– All sections ü

– Sections 1 – 6 ü

– Sections 9 – 10 ü

Chapter 15 – Debt ü

Chapter 16 – Disposing of a business ü

– Sections 1 – 6 ü ü

– All sections ü

Chapter 17 – Reconstructions, insolvency and striking off ü

Chapter 18 – Introduction to property law ü ü ü

Chapter 19 – Land law in England, Wales and Northern Ireland– All sections ü ü

– Sections 1, 2, 3 and 12 only ü

Chapter 20 – Dealings in land in England, Wales and Northern Ireland– All sections ü ü ü

Chapter 21 – Intellectual property law ü

Chapter 22 – Trust law ü ü

Chapter 23 – Practical issues on establishing and managing a trust ü ü

Chapter 24 – Trustees ü ü

Chapter 25– Wills and intestacy in England, Wales and Northern Ireland

ü ü

24


Professional Responsibilities & Ethics (PRE)

Personal Taxation


Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT PRE

Professional Rules and Practice Guidelines (PRPG) (2011)

Introduction to the PRPG ü

Fundamental principles and member’s obligations ü

Practice governance ü

New clients and engagement letters* ü ü ü ü ü ü ü

Client service ü ü ü ü ü ü ü

Conflicts of interest ü ü ü ü ü ü ü

Other client handling issues ü ü ü ü ü ü ü

Charging for services ü ü ü ü ü ü ü

Complaints ü ü ü ü ü ü ü

Ceasing to act ü ü ü ü ü ü ü

Training and CPD ü

Members in employment ü

Documents and records ü

Advertising, publicity and promotion ü

Tribunals and advocacy ü

Professional Indemnity Insurance ü

Professional Conduct in Relation to Taxation (2014)Introduction to PRCT ü

The fundamental principles ü ü ü ü ü ü ü

AccountingPersonal Taxation


Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT

ATT Essential Accounting for Tax Practitioners manual– Chapters 1 to 13 D– Chapter 9 (section 3) D– Chapter 13 D– Chapter 14: Taxation in company financial statements D D

– Chapter 14: Taxation in companyfinancial statements– VAT

D

25


The following topics are excluded from the ATT syllabus: Customs Duties; Insurance Premium Tax; Petroleum Revenue Tax and Stamp Duty.

Professional Responsibilities & Ethics (PRE)(continued)

Personal Taxation


Business Compliance

Corporate Taxation

IHTTrusts &Estates

VAT PRE

Tax returns ü ü ü ü ü ü ü

Access by data to HMRC and other authorities ü ü ü ü ü ü ü

Irregularities (including errors) ü ü ü ü ü ü ü

Voluntary disclosure under special disclosure facilities and other special arrangements

ü

HMRC rulings and clearances ü

Tax planning, tax avoidance and tax evasion ü

Disclosure of tax avoidance schemes ü

General enquiries and investigation of tax practitioners by HMRC ü

Other interactions with HMRC ü

Anti money laundering guidanceAnti money laundering: regulatory framework ü

Anti money laundering: money laundering offences ü

Anti money laundering: regulated sector requirements ü

Anti money laundering: reporting ü

Anti money laundering: guidance for the tax practitioner ü

* Engagement letters

Engagement letters are included in the ethics manual in the chapter on new clients. However, the information included in the manual comes from paragraphs 1-89 of the separate document ‘Engagement letters for tax practitioners’ rather than the PRPG.

26


May and November 2015 - Jellyhauspostgraduate.focus-school.com/.../08/ATT-Syllabus-2015.pdf ·...

Documents

Transcript of May and November 2015 - Jellyhauspostgraduate.focus-school.com/.../08/ATT-Syllabus-2015.pdf ·...