Taxation 1 (NI) 2023–2024

Taxation 1 (NI) 2023–2024 introduces the subject of tax to students on the Chartered Accountants Ireland CA Proficiency 1 course. Covering personal income tax, corporation tax, capital gains tax and VAT, it explains the principles of the tax system in Northern Ireland, enabling the student to understand and apply the relevant tax legislation, procedures and practices. It is up to date to Finance (No.2) Act 2023. Written in a clear and concise style with extensive examples throughout and questions and solutions at the end of each chapter, Taxation 1 (NI) provides the student with the core competencies to: apply the general principles for the administration and computation of income tax, corporation tax, capital gains tax and VAT; identify and quantify income that is liable to income tax; apply appropriate reliefs, allowances and credits to calculate personal tax liabilities; identify and quantify sources of income that are subject to corporation tax, including charegable gains and losses; identify when capital gains tax applies and any appropriate relifs and exemptions; identify the supplies of goods and services that attract a charge to VAT; calculate the VAT liability of a business and understand the necessary arrangements to fulfil key VAT obligations.