Taxation 1 (ni) 2025-2026.

Format:

Book

Author/Creator:

Ireland, Chartered Accountants.

Language:

English

Physical Description:

1 online resource (384 pages)

Edition:

1st ed.

Place of Publication:

Dublin : Chartered Accountants Ireland, 2025.

Summary:

Taxation 1 (NI) 2025-2026 introduces the subject of tax to students on the Chartered Accountants Ireland CA Proficiency 1 course.

Contents:

Title page

Publisher information

Contents

Chartered Accountants Ireland Code of Ethics

Chapter 1: Overview of the UK Tax System

1.1 Introduction

1.2 Legislation and Guidance

1.3 Income Tax - Classes of Taxpayer

1.4 Classification of Income

1.5 The Scope of Income Tax

1.6 The Government's Taxation Objectives

1.7 HM Revenue &amp

Customs

1.8 Administration Procedures for Tax Assessment and Collection

1.9 Tax Evasion, Tax Planning and Tax Avoidance

Review Questions

Part One: Income Tax

Chapter 2: Introduction to the Computation of Income Tax

2.1 Introduction

2.2 General Terminology and Definitions

2.3 Income Tax Rates and Bands

2.4 Standard Personal Allowance

2.5 Income Tax Computation

Chapter 3: Trading Income

3.1 Introduction

3.2 Basis of Assessment of Trading Income

3.3 Computation of Taxable Trading Income

3.4 Adjustment of Trading Profits - Allowable and Disallowable Items

3.5 Simplified Expenses Scheme

3.6 Partnerships

Chapter 4: Capital Allowances and Loss Relief

4.1 Capital Allowances: Introduction

4.2 Capital Allowances: Plant and Machinery

4.3 Annual Investment Allowance

4.4 First Year Allowance

4.5 Research &amp

Development Allowance and Structures and Buildings Allowance

4.6 The Main Pool

4.7 Special Rate Pool

4.8 Single Assets Pool: Private Use Assets

4.9 Short-life Assets

4.10 Disclaim of Capital Allowances

4.11 Treatment of Purchases, Capital Grants, Hire Purchase, Finance Leases, Lessors and VAT

4.12 Loss Relief

Appendix 4.1: Capital Allowances - Lists A, B and C

Chapter 5: Employment Income

5.1 Introduction

5.2 Employment Status

5.3 Basis of Assessment of Employment Income

5.4 Computation of Taxable Employment Income.

Review Questions

Chapter 6: Savings and Investment Income

6.1 Introduction

6.2 Basis of Assessment and Computation of Savings and Investment Income

Chapter 7: Property Income

7.1 Introduction

7.2 Basis of Assessment of Property Income

7.3 Computation of Taxable Property Income

Chapter 8: Deductions on Income, Allowances and Reliefs

8.1 Introduction

8.2 Qualifying Reliefs

8.3 Pension Contributions and Gift Aid Donations

8.4 Personal Allowances

Chapter 9: The PAYE System and National Insurance Contributions

9.1 Introduction

9.2 Calculating Income Tax through PAYE and Tax Codes

9.3 The Administration of PAYE: Real Time Information (RTI)

9.4 Penalties under RTI

9.5 National Insurance Contributions

Chapter 10: Administration and Procedures

10.1 Introduction

10.2 Self-assessment

10.3 Payment of Self-assessed Income Tax and National Insurance Contributions

10.4 Penalties for Late Filing and Late Payment

Chapter 11: The Construction Industry Scheme

11.1 Introduction

11.2 Mechanics of the CIS

11.3 Penalties under the CIS

Part Two: Corporation Tax

Chapter 12: Introduction and General Principles of Corporation Tax

12.1 The UK Corporation Tax Regime

12.2 Overview - Application and Accounting Periods

12.3 The Charge to Corporation Tax

12.4 Rates of Corporation Tax

12.5 Payment of Corporation Tax

12.6 Computation of Taxable Income

12.7 Computation of Property Income

12.8 Loan Relationships

12.9 Computation of Chargeable Gains

12.10 Self-assessment and Administration

Chapter 13: Computation of Corporation Tax

13.1 Pro Forma Corporation Tax Computation

13.2 Adjustments in Arriving at Trading Income.

13.3 Capital Allowances

13.4 Qualifying Charitable Donations

13.5 Annual Payments

13.6 Distributions

Chapter 14: Corporation Tax Loss Relief

14.1 Relief for Trading Losses in a Single Company

14.2 Relief for Loss on Cessation (Terminal Losses)

14.3 Relief for Qualifying Charitable Donations

14.4 Property Losses

14.5 Non-trading Losses

14.6 Capital Losses

14.7 Choices Regarding Loss Relief and Order of Loss Reliefs

14.8 Summary of Loss Reliefs

Part Three: Capital Gains Tax

Chapter 15: Introduction, General Principles and Administration

15.1 The Basic Charge to CGT

15.2 Disposal

15.3 Chargeable Assets

15.4 Chargeable Persons

15.5 Rate of Tax, Date of Payment and Returns

15.6 Computation of Gain or Loss

15.7 Time of Disposal

15.8 Married Couples and Civil Partners

15.9 Partnerships

15.10 Connected Persons

15.11 Losses

15.12 Negligible Value Claims

15.13 Value at 31 March 1982

Chapter 16: Chattels and Wasting Assets

16.1 Chattels

16.2 Wasting Chattels

16.3 Wasting Assets (not Chattels)

Chaper 17: Principal Private Residence Relief and Lettings Relief

17.1 Principal Private Residence Relief

17.2 Deemed Periods of Occupation

17.3 More than One Residence

17.4 Married Couples/Civil Partnerships

17.5 Business Use

17.6 Lettings Relief

Chapter 18: Capital Gains Tax Reliefs

18.1 Rollover Relief and Depreciating Assets

18.2 Gift Relief/Holdover Relief

Part Four: Value-Added Tax

Chapter 19: Value-Added Tax (VAT): An Introduction

19.1 Introduction

19.2 General Principles of VAT

19.3 VAT Registration and De-registration

19.4 VAT Rates

19.5 Amount on which VAT is Chargeable.

19.6 Supply of Goods or Services

19.7 Time and Place of Supply of Goods or Services

19.8 Recovery of VAT

19.9 Administration of VAT

19.10 Special VAT Schemes

Appendix 1: Taxation Reference Material for Tax Year 2025/26 (Finance Act 2025)

Appendix 2: Taxation and the Code of Ethics

Appendix 3: Tax Planning, Tax Avoidance and Tax Evasion

Suggested Solutions to Review Questions

Index.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

1-917822-09-X

OCLC:

1545494168