ACCA Taxation (TX-UK): study notes Finance Act 2025, area by area, with worked computations and quizzes.

1. 01A. The UK tax system and its administrationHow the UK tax system works and how it is run. You will learn the purposes of taxation and the sources of tax law, the difference between evasion and avoidance, the self-assessment timetable for individuals and companies, payments on account and quarterly instalments, compliance checks and appeals, and the interest and penalties that follow when a taxpayer gets it wrong.7 lessons · 3h 20m+

   • The purpose of taxation in a modern economy25 min
   • Sources of revenue law and practice30 min
   • Self-assessment and making returns30 min
   • Time limits, claims and payments on account40 min
   • Compliance checks, appeals and disputes25 min
   • Penalties for non-compliance35 min
   • Module 1 quiz15 min
2. 02B. Income tax and NIC liabilitiesIncome tax and national insurance for individuals, from start to finish. You will decide residence with the statutory residence test, compute employment income and benefits, adjust trading profits and claim capital allowances, apply the tax-year basis, loss reliefs and partnership rules, tax property, savings and dividend income, prepare the full income tax computation, compute Class 1, 1A and 4 NIC, and use pensions and planning to reduce tax, all with ACCA's Finance Act 2025 tax tables.8 lessons · 6h 30m+

   • The scope of income tax35 min
   • Income from employment60 min
   • Income from self-employment75 min
   • Property and investment income55 min
3. 03C. Chargeable gains for individualsCapital gains tax for individuals under Finance Act 2025, using the figures in ACCA's tax tables. You will decide which disposals and assets are chargeable, compute gains and losses including part disposals and insurance proceeds, apply the chattel rules and private residence relief, match and pool shares, compute the tax at 18%, 24% and 14%, and defer gains with rollover relief and gift holdover relief.7 lessons · 4h 40m+

   • The scope of capital gains tax30 min
   • Computing gains and losses45 min
   • Movable and immovable property45 min
   • Shares and securities50 min
   • Computing capital gains tax50 min
4. 04D. Inheritance taxInheritance tax for individuals under Finance Act 2025, using the figures in ACCA's tax tables. You will measure transfers of value, tell potentially exempt transfers from chargeable lifetime transfers, compute lifetime tax and the tax on death with the seven-year accumulation, taper relief, the nil rate band and the residence nil rate band and their transfer between spouses, apply the exemptions, and say who pays and when.5 lessons · 3h 5m+

   • Transfers of value40 min
   • Lifetime transfers and death55 min
   • Exemptions40 min
   • Paying inheritance tax35 min
   • Module 4 quiz15 min
5. 05E. Corporation tax liabilitiesHow UK companies are taxed under Finance Act 2025. You will identify accounting periods and company residence, build taxable total profits from trading profit, capital allowances (including full expensing), property income, interest and chargeable gains, then compute corporation tax with marginal relief, quarterly instalments, group relief, gains groups and relief for trading losses, using ACCA's tax tables throughout.7 lessons · 4h 40m+

   • The scope of corporation tax35 min
   • Taxable total profits50 min
   • Chargeable gains for companies45 min
   • The corporation tax computationFree preview45 min
6. 06F. Value added tax (VAT)How VAT works for UK businesses under Finance Act 2025, using the registration limits, standard rate and late payment penalties in ACCA's tax tables. You will apply the registration and deregistration rules, compute output and input VAT for a return period with the tax point, invoices, blocked input VAT, penalties and imports, and judge when the cash accounting, annual accounting and flat rate schemes help a business.4 lessons · 2h 20m+

   • VAT registration40 min
   • Computing VAT liabilities50 min
   • Special schemes35 min
   • Module 6 quiz15 min
7. 07G. Employability and technology skillsThe skills the computer-based TX-UK exam rewards beyond technical knowledge: budgeting your time across the three sections, reading requirements precisely, following ACCA's supplementary instructions, and laying out income tax, capital gains tax, inheritance tax, corporation tax and VAT computations in the spreadsheet response area so that a marker can follow every figure. The module ends with a quiz on exam technique and layouts.2 lessons · 1h+

   • The computer-based exam: computations, layouts and presentation45 min
   • Module 7 quiz15 min

• AThe UK tax system and its administration
• BIncome tax and NIC liabilities
• CChargeable gains for individuals
• DInheritance tax
• ECorporation tax liabilities
• FValue added tax (VAT)
• GEmployability and technology skills

Questions