COURSE SCHEDULE: TAX COMPLIANCE 2021 Q2

Course Dates

Start Date:                                       6 Mar 2021

End Date:                                        29 May 2021

 

Important Dates  

Exam Registration Start Date:     29 Mar 2021

Exam Registration End Date:       30 Apr 2021

Exam Date:                                      8 Jun 2021

Results Released:                           16 Jul 2021

 

Course Structure

ECR Phase 1:                                  Students must watch the BPP’s Enhanced Classroom Online 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 Classroom Online 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

All classes online. 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

 

2021 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 delivered via live streaming
1 6 Mar Sat 6pm – 9pm

·      Introduction to Tax

·      The Income Tax Computation
2 13 Mar Sat 6pm – 9pm

·      Employment Income

·      Trading Profits
3 20 Mar Sat 6pm – 9pm

·      Capital Allowances
4 27 Mar Sat 6pm – 9pm

·      Basis Periods
5 3 Apr Sat 6pm – 9pm

·      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 25 Apr 2021

Revision Phase delivered via live streaming
1 24 Apr Sat 2pm – 5pm

·      Ethics

·      IT Computation

·      Property
2 24 Apr Sat 6pm – 9pm

·      Pensions

·      Employment
3 1 May Sat 2pm – 5pm

·      Trusts

·      Profit adjustments
4 1 May Sat 6pm – 9pm

·      Basis Periods

·      Capital Allowances
5 8 May Sat 2pm – 5pm

·      Trading losses

·      Partnerships

·      Cash basis
6 8 May Sat 6pm – 9pm

·      Chargeable Gains

·      CGT reliefs

·      CGT on leases
7 22 May Sat 2pm – 5pm

·      International Aspects

·      NIC, VAT, Special VAT rules

·      Stamp Taxes
8 22 May Sat 6pm – 9pm

·      Principles of IHT

·      IHT on estates

·      IHT reliefs

·      IHT and Domicile
9 29 May Sat 2pm – 5pm

·      CT computation

·      Gains by companies

·      Additional CT rules
10 29 May Sat 6pm – 9pm

·      Overseas profits for companies

·      Company losses

·      Groups

Mock Exam 2 to be completed at home & submitted to tutor for marking by 30 May 2021

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 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 ~