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F6 Taxation (TX) UK
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F6 Taxation (TX) UK
Description:
The UK Tax System, Income Tax liabilities, Chargeable Gains, Corporation Tax Liabilities, National Insurance Contributions, Value Added Tax, The obligation of Tax payers and/or their agents.
Usefull website: http://www.hmrc.gov.uk/index.htm, Rates and allowances: http://www.hmrc.gov.uk/rates/it.htm Introduction to Corporation Tax (UK) http://www.goldsmithibs.com/resources/free/Corporation-Tax/notes/Summary - Corporation Tax.pdf Created:
Thursday, 16 July 2009
Creator:
Members
21 Members
Announcements
Friday, 07 August 2009
by LKing
INTRODUCTION TO THE UK TAX SYSTEM Gov't imposes tax policies to encourage and discourage certain type of activities. Different type of taxes: -INCOME TAX, individuals/partnership -CORPORATION TAX, companies -CAPITAL GAINS TAX, individual partners and companies -VAT - VALUE ADDED TAX, incorporated/unincorporated Revenue tax - income tax, corporation tax and natinal CGT Direct taxes charged on income, gains and wealth Indirect taxes paid by the consumer to the supplier (VAT is indirect tax) Tax is adminstrated in the UK by HRMC.
TAX AVOIDANCE AND TAX EVASION Tax avoidance include any legal method of reducing tax burden while tax evasion is seeking to mislead HMRC BY suppresing info to wich they are entitled providing deliberately false info. Photo AlbumsNo album created yet.
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asamoah404,
Saturday, 27 February 2010 15:58
 Want study buddy.live in liverpool. pls let me know if interested
jzambran,
Tuesday, 24 November 2009 13:56
 Guys, Anyone interested in becoming a study buddy for the nest 5 days? I can provide a place to study and have a number of exercises, but I di really need so find someone to study with ASAP. I live in Islington, London. Thanks JL
jzambran,
Thursday, 17 September 2009 13:45
Hi guys... I am going to attempt F6 in December and I am looking for study buddies in London - I live in Islington... I am at the moment doing a course at the LCA, so if any one is interested in getting together for some coffee and practice please let me know... cheers Jose
sabahmunir,
Thursday, 10 September 2009 11:19
 Waiting for the test Kamran, and Aysha is right, you have done lot of things for us. We all are greatful. Let us know if we be of any help.
Thanks.
sabahmunir,
Thursday, 10 September 2009 11:12
Waiting for the test, thanks for your concern.
Regards.
sabahmunir,
Sunday, 06 September 2009 12:16
I already have submitted the answer, God know what's happening to me.
Here goes again:-
1. Cash DR $15000 (as assets are increasing), Capital/Equity CR $15000 (Liability towards owner is increasing).
2. Equipment DR $4500 (Assets increasing), Cash CR $4500 (Assets decreasing).
3. Purchases DR $3200 (Assets increasing), Payables/Creditors CR $3200 (Liability is increasing).
Thanks.
sabahmunir,
Sunday, 06 September 2009 00:01
Actually i haven't viewed any video yet. Will do that earliest as possible.
sabahmunir,
Sunday, 06 September 2009 00:00
1. Capital/Equity increase CR 15000, Asset increase, Cash DR 15000
2. Fixed assets increase, Equipment DR 4500, current asset decreases,Cash CR 4500
3. Stock (Assets) increases, Purchases DR 3200 & Payables/Creditors (Liability) increases, CR 3200.
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