Paper 9

T9 - Preparing Taxation Computation
11th Dec 2007
1500 hour/3.00pm

Paper 9 Exam Tips

• Income tax computation, investment & income tax payments for self-employed
• Income from employment, NICs
• Corporation Tax calculation of losses and CGT shares computation, with reliefs/CT administration
• VAT administration and registration, tax points

Calculated tips:

• Question 1 - confirm 30m-35m tax computation
• relief
• Gratuity
• Compensation for loss of employment
• Dividend & interest (every sitting out)
• Rental
  
• Royalty
• Annuity(not out yet)
• Question 3 - is usually RPGT
  
• however, due to the fact that RPGT is not in our syllabus
• We will need to know other topics in great detail (for example, small capital expenditure tax treatment in J07)
• Confirm either Sales tax or Service tax(came out twice), (i would suggest study both)
  
• Capital allowance - Non commercial vehicle
• Residence status
• Derivation of employment income
• Witholding tax
• Badgets of trade
• Tax investigation / tax audit
  

Can't spot much as tax is just tax
do any many question