Reference no: EM132337685
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)