AAT Level 4 – Personal Tax – FA24 (PNTA)

Mapped to the AAT Q2022 syllabus | Perfect for self-study or classroom use

AAT Level 4 - Personal Tax Self Study Book

Our Personal Tax study book offers structured, easy-to-follow explanations to help you master key concepts and prepare confidently for your AAT assessments.

This comprehensive guide uses clear language, practical examples, and helpful illustrations to walk you through each topic. It’s ideal for both classroom and independent study.

£29.90

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Description

Description

This is an optional unit for the Level 4 Diploma in Professional Accounting.

In this unit, you will acquire fundamental knowledge of the three most common taxes that impact taxpayers in the United Kingdom (UK): income tax, capital gains tax, and inheritance tax. Armed with this knowledge, you will not only be able to prepare computations for these taxes, where applicable but also grasp how taxpayers can legally minimize their overall tax liabilities.

The unit covers the foundational theory of taxation, providing insight into taxes that affect every UK taxpayer. Within income tax, you will explore various sources of income, such as employment income, income from investments, and income from property. Additionally, deductions and reliefs applicable to income tax will be thoroughly covered, empowering you to calculate the net income tax liability for UK taxpayers. The topic of National Insurance will also be addressed.

Furthermore, you will delve into capital gains tax and inheritance tax, understanding their fundamental principles and how they may impact UK taxpayers.

With a comprehensive understanding of these three taxes, you will gain insight into the taxation implications of decisions made by clients. You will be capable of providing advice and guidance to ensure taxpayers comply with tax legislation.

Overall, the unit aims to equip you with knowledge of taxation as it pertains to UK taxpayers, enabling you to accurately and fairly compute tax liabilities. Moreover, it fosters an appreciation for the theory behind taxation, including ethical aspects specifically relevant to a taxation practitioner.

Who Is This Book For?

Students studying AAT Level 4 Accounting
Anyone preparing for the Audit and Assurance (PNTA) assessment

What You’ll Learn

Understand principles and rules that underpin taxation systems
Calculate UK taxpayers’ total income
Calculate income tax and National Insurance contributions (NICs) payable by UK taxpayers
Calculate capital gains tax payable by UK taxpayers
Understand the principles of inheritance tax

What’s Inside

Chapter 1: Introduction to Personal Tax and the Taxation System
Chapter 2: Calculating income from employment and benefits in kind
Chapter 3: Calculating employment income with allowable & disallowable expenses
Chapter 4: Calculating income from property
Chapter 5: Calculating income from investments
Chapter 6: Calculating income tax and national insurance contributions
Chapter 7: Capital gains tax payable by UK taxpayers
Chapter 8: The principles of inheritance tax
Mock Exam
Tax references
Glossary
Activity Answers
Mock Exam Answers

Practice questions and assessment-style tasks throughout.

What’s Included

Printed book (includes a mock exam)
Free access to our online portal which includes:
- Electronic version of your study book
- Auto-marked assessments – instant feedback
- 1 additional mock exam in the online portal