COURSE SCHEDULE: TAX COMPLIANCE 2020 Q2

Course Dates

Start Date:                                       1 Jan 2020 / 2 weeks after enrolment to access ECR

End Date:                                        26 May 2020

 

Important Dates  

Exam Registration Start Date:     23 Mar 2020

Exam Registration End Date:       27 Apr 2020

Exam Date:                                      2 June 2020

Results Released:                           10 July 2020

 

Course Structure

ECR Phase 1:                                  Students must watch the BPP’s Enhanced Class Room videos at their own time before the start of the Taught Phase

Taught Phase:                                5 sessions x 3-hour

ECR Phase 2:                                  Students must watch the BPP’s Enhanced Class Room videos at their own time before the start of the Revision Phase

Revision Phase:                             10 sessions x 3-hour

Total number of course hours:   ECR phase + 45 hours

Mock Exams:                                  2 (to be completed at home & submitted to tutor for marking)

 

Training Venue

150 Orchard Road #04-09, Orchard Plaza, S238841. The Meeting Suite

 

Class Size

Class is limited to 30 students on a first-come first-served basis.

If you have further query or wish to enrol, please contact us at enquiry@cityacademy.sg

Website: www.cityacademy.sg                         Tel: 6742 0300

 

2020 Schedule: Tax Compliance

 

No Date Day Timing

Topics

ECR Phase 1 (Students must watch the videos before the Taught Phase starts)
ICAEW Chapters BPP’s ECR Videos
1, 2 1, 2, 3

·      Ethics and IT
3, 4 4 - 1 to 4 - 5

·      Property and Pensions
5 4 - 6 to 4 - 8

·      Employment
6, 7 5 - 1 to 5 - 4

·      Trading
11, 15 6 - 1 to 6 - 3

·      Capital Taxes
14, 23 8 - 1 to 8 -6,

11-1 to 11 - 3

·      VAT & NIC

Taught Phase
1 20 Mar Fri 7pm – 10pm

·      Introduction to Tax

·      The Income Tax Computation
2 21 Mar Sat 10am – 1pm

·      Employment Income

·      Trading Profits
3 21 Mar Sat 2pm – 5pm

·      Capital Allowances

 
4 22 Mar Sun 10am – 1pm

·      Basis Periods

 
5 22 Mar Sun 2pm – 5pm

·  Capital Gains Tax / Inheritance Tax

ECR Phase 2 (Students must watch the videos before the Revision Phase starts)
ICAEW Chapters BPP’s ECR Videos
8, 9, 10 5 - 6 to 5 - 10

·      Trade profits
12, 13 6 - 4 to 6 - 7

·      Capital Taxes
23, 24 11 - 4 to 11 - 7

·      VAT & Stamps
18, 19 10 - 1 to 10 - 3,

10 - 5

·      Corporate taxes
20 10 - 4,

·      Company Gains
21, 22 10 - 6 to 10 - 10

·      Company Losses

Mock Exam 1 to be completed at home & submitted to tutor for marking by 20 Apr 2020

Revision Phase
1 21 May Thu 7pm – 10pm

·      Ethics

·      IT Computation

·      Property
2 22 May Fri 2pm – 5m

·      Pensions

·      Employment
3 22 May Fri 7pm – 10pm

·      Trusts

·      Profit adjustments
4 23 May Sat 10am – 1pm

·      Basis Periods

·      Capital Allowances
5 23 May Sat 2pm – 5pm

·      Trading losses

·      Partnerships

·      Cash basis
6 24 May Sun 10am – 1pm

·      Chargeable Gains

·      CGT reliefs

·      CGT on leases
7 24 May Sun 2pm – 5pm

·      International Aspects

·      NIC, VAT, Special VAT rules

·      Stamp Taxes
8 25 May Mon 2pm – 5pm

·      Principles of IHT

·      IHT on estates

·      IHT reliefs

·      IHT and Domicile
9 25 May Mon 7pm – 10pm

·      CT computation

·      Gains by companies

·      Additional CT rules
10 26 May Tue 7pm – 10pm

·      Overseas profits for companies

·      Company losses

·      Groups

Mock Exam 2 to be completed at home & submitted to tutor for marking by 30 May 2020

Download Course Outline

 

Course Tutor: Dave Bull

Dave Bull, MBA, CTA, ATT(Fellow), started his career with HM Revenue & Customs in the UK, moving into private practice before setting up his own practice which he still runs today. He has taught for training companies such as BPP and LexisNexis on a regular basis since 2001. Students describe his teaching style as interactive and engaging, breaking complex concepts down to fundamental principles and adapting to the emerging needs of each individual class.

 

TAX COMPLIANCE

Course Content

  • The ethical implications of dealing with UK taxes
  • How to compute an individual’s Income Tax (IT) liability
  • Calculating taxable income from property
  • Tax relief for pension contributions
  • Calculating taxable employment income
  • How trusts are charged income tax
  • Working out the taxable profits of a sole trade business
  • How to obtain tax relief for loss-making businesses
  • How partnerships are taxed
  • How Capital Gains Tax (CGT) is charged on disposals of assets
  • Reliefs that can reduce CGT liability
  • How CGT is charged on leasehold property
  • How tax affects non-residents and non-UK income
  • Calculating National Insurance on earned income
  • Value Added Tax (VAT) on goods and services
  • Stamp Taxes on purchases of shares or land
  • Inheritance Tax on estates and lifetime gifts
  • Corporation Tax on company profits
  • Special tax rules for groups of companies

 

Course Objective and Approach

The course is planned to prepare you for success in the June 2020 Tax Compliance exam. This is our key objective. We assume that you have done some preparatory work prior to the commencement of the course and that we can build on this through the duration of the course.

The course will consist of 4 phases –

  • a ECR phase 1 to revise prior assumed knowledge and acquire NEW knowledge (must be watched before the start of the taught phase);
  • a lecture-based taught phase to review the ECR phase 1, to cover new knowledge and to prepare students for ECR Phase 2 (5 lectures x 3 hrs);
  • a ECR phase 2 to acquire NEW knowledge (must be watched before start of the revision phase);
  • a revision phase (10 lectures x 3 hrs).

Lectures will follow the content of BPP course notes and will include extensive practice on questions from the ICAEW Question Bank.

You will be given Mock Exam 1 (ME 1) towards the end of the Taught Phase.
You will be given Mock Exam 2 (ME 2) towards the end of the Revision Phase.
City Academy’s tutors will mark and review your ME scripts so as to benefit your learning outcome. You will have the flexibility of practising the ME at your own time at home but you must submit your ME answer scripts by the due date set. You may also be given homework, assignments or additional reading materials.

The course is interactive and you will be encouraged to participate in class discussions.

“Completeness” is a key audit assertion. To meet the key course objective of exam success you need to be complete in your exam preparation. The course is aimed at exposure/coverage to/of most significant exam matters, and focuses on how these matters will be examined and prepares you with question practise and tips in answering this ICAEW paper. You will be expected to attend all lectures and any supplementary tutorials, complete all course assignments and sit for and submit all ME answers.

 

CITY ACADEMY, ICAEW GLOBAL PARTNER IN LEARNING

~ Working with ICAEW in the professional development of students ~