ATXMaterials of 2024-25 for Sep 2025 exam

From syllabus pdf (UK) "Excluded topics have been amended relating to research and development expenditure." "-Changes to the excluded topics for research and development to reflect the merging of the R&D schemes from 1 April 2024 as follows: Removed: - Restrictions on the repayment of losses incurred by small and medium sized enterprises (SMEs) arising from research and development expenditure. - Reliefs available to large companies arising from research and development expenditure. Added in: ? Companies which are considered ‘intensive’ for research and development purposes. ? The availability of enhanced research and development intensive support (ERIS) for companies which have income arising from research and development expenditure."

Also from syllabus pdf "An additional topic has been added to the excluded topics." -"An additional topic has been added in relation to inheritance tax: ? Single grossing up where a specific gift is left to a chargeable beneficiary with the balance of the estate being left to an exempt beneficiary."