Exams

Students will sit any two of the six ATT exam papers (shown below) which form the Core Knowledge 1 element, allowing them to progress onto Core Knowledge 2, which will consist of one of the remaining four ATT papers or the CTA Awareness paper (shown below). The Principles of Accounting, Law and Professional Responsibilities & Ethics examinations within the qualification, are computer based compulsory elements that can be taken at any time before the final examination paper is completed.

Paper 1: Personal Taxation

Overall objectives

Successful completion of this paper will involve you being able to calculate the profits and gains assessable in respect of both incorporated and unincorporated businesses, and the corporation tax payable by incorporated businesses. You should also have a sound understanding of the compliance obligations affecting businesses, including those relating to VAT and national insurance, and be able to record transactions in financial statements. You should be aware of the legal and ethical issues connected with the taxation of businesses.

Learning outcomes

You should be able to demonstrate that you:

  • Are able to calculate the income tax payable by an individual
  • Are able to calculate the capital gains tax payable by an individual
  • Understand how an individual’s residence and domicile status affects their personal tax liabilities
  • Understand an individual’s compliance obligations regarding their personal tax liability
  • Understand the relevant professional ethics and legal issues when dealing with the tax affairs of individuals
  • Are able to communicate with clients and colleagues in a professional manner in written correspondence

Paper 2: Business Taxation

Overall objectives

Successful completion of this paper will involve you being able to calculate the profits and gains assessable in respect of both incorporated and unincorporated businesses, and the corporation tax payable by incorporated businesses. You should also have a sound understanding of the compliance obligations affecting businesses, including those relating to VAT and national insurance, and be able to record transactions in financial statements. You should be aware of the legal and ethical issues connected with the taxation of businesses.

Learning outcomes

You should be able to demonstrate that you:

  • Are able to calculate the profits assessable in respect of a business
  • Are able to calculate the chargeable gains incurred by, or in respect of, a business after taking account of any available reliefs
  • Are able to calculate the corporation tax payable by an incorporated business
  • Understand the compliance obligations affecting businesses, including those relating to VAT and national insurance
  • Understand the relevant professional ethics and legal issues when dealing with the tax affairs of businesses
  • Are able to communicate with clients and colleagues in a professional manner in written correspondence

Paper 3: Business Compliance

Overall objectives

Successful completion of this paper will involve you being able to demonstrate a sound knowledge of, and be able to calculate, employment income, national insurance and VAT in respect of a business and its employees. You should also have a sound understanding of a business’s obligations regarding payroll administration, VAT compliance and the construction industry scheme, and the implications of failing to meet those obligations. You should be aware of the legal and ethical issues connected with business compliance.

Learning outcomes

You should be able to demonstrate that you:

  • Are able to calculate the employment income assessable on a business’s employees
  • Are able to calculate the national insurance payable by employees and employers
  • Are able to calculate the amount of VAT payable by a business to HM Revenue & Customs
  • Understand the compliance obligations for a business regarding payroll administration
  • Understand the compliance obligations imposed by the construction industry scheme
  • Understand the VAT compliance obligations for a business
  • Understand the implications of a business failing to meet its compliance obligations regarding payroll, construction industry or VAT administration
  • Understand how to record transactions in financial statements • Understand the relevant professional ethics and legal issues when dealing with business compliance
  • Are able to communicate with clients and colleagues in a professional manner in written correspondence

Paper 4: Corporate Taxation

Overall objectives

Successful completion of this paper will involve you being able to calculate a company’s corporation tax liability. You should have a sound understanding of the tax issues relating to different types of corporate structures throughout their business lifecycle, including incorporation, extraction of funds, operating as a group or overseas, and on their eventual disposal. You should also have a sound understanding of when a corporate business’s tax liability must be reported and paid. You should be aware of the legal and ethical issues connected with corporate taxation.

Learning outcomes

You should be able to demonstrate that you:

  • Are able to calculate a company’s corporation tax liability
  • Understand the tax implications of incorporating a company
  • Understand the tax implications of extracting profits from a company
  • Understand the tax implications of disposing of a business or a share of a business
  • Understand the tax implications of corporate group structures
  • Understand the corporation tax implications of trading abroad
  • Understand the tax implications of different types of companies and corporate structures
  • Understand the compliance obligations affecting a corporate business
  • Understand the relevant professional ethics and legal issues when dealing with corporate taxation
  • Are able to communicate with clients and colleagues in a professional manner in written correspondence

Paper 5: Inheritance Tax, Trusts & Estates

Overall objectives

Successful completion of this paper will involve you having a sound understanding of how an individual’s inheritance tax liability is calculated and how this is affected by an individual’s domicile status. You should understand the legal and tax implications of using trusts. You should understand how to calculate the tax liability incurred by the executors in respect of the administration of an estate and the law relating to wills and intestacy. You should also understand the compliance obligations relating to inheritance tax, trusts and estates. You should be aware of the legal and ethical issues connected with inheritance tax, trusts and estates.

Learning outcomes

You should be able to demonstrate that you:

  • Are able to calculate the inheritance tax payable by an individual
  • Understand how an individual’s domicile affects their inheritance tax liability
  • Are able to calculate the tax payable in respect of a trust
  • Are able to calculate the tax liability incurred by the executors in respect of the administration of an estate
  • Understand the compliance obligations relating to inheritance tax, trusts and estates
  • Understand the relevant professional ethics and legal issues when dealing with inheritance tax, trusts and estates
  • Are able to communicate with clients and colleagues in a professional manner in written correspondence

Paper 6: VAT

Overall objectives

Successful completion of this paper will involve you being able to calculate a trader’s VAT liability. You should understand the VAT implications of supplying or purchasing land and buildings or construction services and should also have a sound understanding of a trader’s VAT compliance obligations. You should be aware of the legal and ethical issues connected with VAT.

Learning outcomes

You should be able to demonstrate that you:

  • Are able to calculate the amount of VAT payable by a trader
  • Understand the VAT implications of a trader supplying or purchasing land and buildings or construction services
  • Understand a trader’s VAT compliance obligations
  • Understand the relevant professional ethics and legal issues when dealing with VAT
  • Are able to communicate with clients and colleagues in a professional manner in written correspondence

CTA Awareness Paper

Overall objective

The objective of the Awareness paper is to examine core areas of the various taxes which you may not deal with on a daily basis and which do not form part of your chosen Advanced Technical papers.

Detail

The paper will comprise of a single three-hour paper covering five modules. You will choose three out of the seven modules and will answer all the questions on each of your chosen modules. All Awareness modules must be attempted during the same sitting. 

The modules answered at the Awareness level cannot be the same papers which you have sat, or intend to sit, as your Advanced Technical papers. In this regard, and for the avoidance of doubt, if you have decided to sit the Taxation of Owner-Managed Businesses Advanced Technical paper you are precluded from choosing the Taxation of Unincorporated Business module at Awareness level.

The format

The format of each module will be twelve short-form questions. Each question will be worth five marks. To obtain exemption, you will be required to obtain 50% or more of the total marks awarded for the whole paper during the same sitting. There is not a requirement to obtain 50% of the marks in each individual module.

For Tax Pathway students your module choices are:

  • Taxation of individuals
  • Taxation of Unincorporated Businesses
  • Corporation Tax
  • Inheritance Tax, Trusts and Estates
  • VAT including Stamp Taxes

 

CTA Advanced Technical Papers

For full details of the CTA Advanced Technical papers click here

 

CTA Application and Professional Skills

For further details of the CTA Application and Professional Skills paper click here

Association of Taxation Technicians

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Chartered Institute of Taxation

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Tax Adviser
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