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Services
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AAT Licensed Accountants
Services included in this tier are:
Tier 2 service details
Personal Income Tax – Any personal tax from any sources, personal or individual tax return known as SA100
The calculation of an individual’s Income Tax liability taking into account their total taxable income received in a tax year including:
- Ltax adjusted profits from an unincorporated business(s)
- PAYE
- savings and investments
- and applying all prevailing legislation to complete all relevant HMRC returns.
Business Income Tax – Any income tax from business
The calculation of the profits/losses for tax purposes of an unincorporated business and applying all prevailing legislation to complete all relevant HMRC returns.
A member practising in this area of work can be expected to provide their client with:
- an explanation of the principles of Business Income Tax
- calculations of the trading profits (losses) of a business as adjusted for tax purposes.
- advice on Business Tax planning
- advice on VAT planning.
Inheritance Tax – Property or asset tax levied after death
Inheritance Tax is the tax payable either on the advent of a person’s death, or at the time of making a chargeable lifetime transfer.
This service area includes the completion of all relevant HMRC returns.
A member practising in this area of work can expect to provide their client with:
- an explanation of the principles of Inheritance Tax
- calculations of the Inheritance Tax due
- advice on Inheritance Tax planning.
Capital Gains Tax – Sale of an asset or gain from anything
Capital Gains Tax is concerned with quantifying the gain chargeable to tax, or loss for relief against other gains, arising from the disposal of a capital asset(s) in respect of personal, or business, assets made by a taxpayer a corporate entity.
This licence service includes the completion of all relevant HMRC returns.
A member practising in this area of work can be expected to provide their clients with:
- an explanation of the principles of Capital Gains Tax
- calculations of the Capital Gains Tax due
- advice on Capital Gains Tax planning.
Corporation Tax – CT600 and company tax return
Corporation Tax is the tax liability arising on the taxable profits of an incorporated business, charity, club, co-operative or other unincorporated association, e.g., a community group or sports club under prevailing legislation.
This classification includes the completion of all relevant HMRC returns.
A member practising in this area of work can be expected to provide their clients with:
- an explanation of the principles of Corporation Tax
- the calculations of the Corporation Tax due
- advice on Corporation Tax planning.