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This is a Private Class with Nhyira Premium for Taxation (TX) based of the Finance Act 2020 (FA 2020) valid up to March 2022 examination.
When you enroll in this course, you get a one - on - one session of 2.5 hours per week with Nhyira Premium for three month in addition to the lecture videos with some summary notes.
Approach to examining the syllabusThe syllabus is assessed by a three-hour computer-based examination.All questions are compulsory. The exam will contain both computational and discursive elements.Some questions will adopt a scenario/case study approach.Tax rates, allowances and information on certain reliefs will be given in the exam.Section ASection A comprises 15 objective test questions of 2 marks eachSection BSection B comprises three questions each containing five objective test questions.Section CSection C comprises one 10 mark and two 15 mark constructed response questions.The two 15 mark questions will focus on income tax (syllabus area B) and corporation tax (syllabus area E).All other questions can cover any areas of the syllabus.Total 100 marks
Main capabilitiesOn successful completion of this exam, candidates should be able to:A Explain the operation and scope of the tax system and the obligations of tax payers and/or their agents and the implications of non-complianceB Explain and compute the income tax liabilities of individuals and the effect of national insurance contributions (NIC) on employees, employers and the self-employedC Explain and compute the chargeable gains arising on individualsD Explain and compute the inheritance tax liabilities of individualsE Explain and compute the corporation tax liabilities of individual companies andgroups of companiesF Explain and compute the effects of value added tax on incorporated andunincorporated businessesG Demonstrate employability and technology skills