TAX: Tax Environment and Personal Tax Liability

LO1  Understand the duties and responsibilities of the tax practitioner in the UK tax environment
      
Describe the UK tax environment

Analyse the role and responsibilities of the tax practitioner

Explain the tax obligations of tax payers or their agents and the implications of non-compliance

LO2 Be able to calculate personal tax liabilities for individuals and partnerships
   
Calculate relevant income, expenses and allowances

Calculate taxable amounts and tax payable for employed and self employed individuals and payment dates

Complete relevant documentation and tax returns

Introduction

Part

1.1 Describe the UK tax environment.

1.1.1 Describe the main purposes of UK taxation.

1.1.2 Discuss the types of tax in UK, and direct and indirect taxation.

1.1.3 Tax Evasion and Tax Avoidance

1.1.4 Self –assessment

1.2 Analyze the role and responsibilities of a tax practitioner.

1.2.1 The roles of the tax practitioners.

2) Responsibilities of the tax practitioners

1.3 Explains the tax obligations of tax payers or their agents and the implications of non-compliance.

1.3.1 The tax obligation of tax payers

1.3.2 Implications of non-compliances

Part 2

2.1 -2.1 Calculate relevant income, expenses and allowances and Calculate taxable amounts and tax payable for employed and self-employed individuals and payment dates

2.3. Complete relevant documentation and tax returns (HMRC form for relevant documents)