I am actually studying for Advanced taxation in the September diet exam and realize there’s only TX available on OpenTuition. Can I still use the lectures and study notes to study for the exam even though it’s not ATX?
When solving for Giles why did we include bank interest as an expense? I thought it was a non allowable expense and the relief is only given as 20% taken of the tax..
this section was overloaded but anyways thank you
I am actually studying for Advanced taxation in the September diet exam and realize there’s only TX available on OpenTuition.
Can I still use the lectures and study notes to study for the exam even though it’s not ATX?
In the last example, why is it fine that 3 employee’s get a Christmas party of £630? I thought the allowance is £150 per head?
The notes (pg. 45) and these video lectures doesn’t mention any limit on entertaining the employees.
In example 1,why did we add back the legal fees for the purchase of the clothing shop?
because the legal fees are related to a capital item
When solving for Giles why did we include bank interest as an expense? I thought it was a non allowable expense and the relief is only given as 20% taken of the tax..
Check the notes, pg. 45 sec. 2.2. (g)
Thanks