1. FIA – FTX Foundations in Taxation FA 2011 For exams in 2012

2. Introduction to the UK tax system Taxes in the UK Administration Classification of income Different types of taxes Chapter 1

3. Taxes in the UK Slide 3

4. Administration Slide 4

5. Classification of income Slide 5

6. Different types of taxes Slide 6

7. Adjustments of trading profits/losses for trading purposes Basis of assessment Deductible/non-deductible expenditure Pre-trading expenditure Further adjustments Chapter 2

8. Basis of assessment Slide 8

9. Deductible/non-deductible expenditure Slide 9

10. Deductible/non-deductible expenditure 2 Slide 10

11. Pre-trading expenditure Slide 11

12. Further adjustments Slide 12

13. Capital allowances Qualifying expenditure Computing allowances Special assets Interaction with VAT Commencement/causation Chapter 3

14. Qualifying expenditure Slide 14

15. Computing allowances Slide 15

16. Computing allowances 2 Slide 16

17. Computing allowances 2 (cont’d) Slide 17

18. Special assets Slide 18

19. Interaction with VAT Slide 19

20. Commencement/cessation Slide 20

21. Basis of assessment, NICs for self employed Continuing businesses Commencement and cessation Overlap profits NICs for self employed Chapter 4

22. Continuing businesses Slide 22

23. Commencement and cessation Slide 23

24. Commencement and cessation 2 Slide 24

25. Overlap profits Slide 25

26. NICs for self employed Slide 26

27. Relief for trading losses Trading losses Carry forward trade loss relief Trade loss relief v. general income Choice of loss relief Chapter 5

28. Trading losses Slide 28

29. Carry forward trade loss relief Slide 29

30. Trade loss relief v. general income Slide 30

31. Choice of loss relief Slide 31

32. Partnerships Trading income for partnerships Changes in partnerships Loss relief for partners Chapter 6

33. Trading income for partnerships Slide 33

34. Changes in partnerships Slide 34

35. Loss relief for partners Slide 35

36. Preparing tax returns for self-employed and partnerships Self employed pages Partnership pages Chapter 7

37. Self employed pages Slide 37

38. Partnership pages Slide 38

39. Introduction to personal taxation Fiscal year, scope, sources Income and capital The personal tax computation Investment income Eligible interest Personal allowance Chapter 8

40. Fiscal year, scope, sources Slide 40

41. Income and capital Slide 41

42. The personal tax computation Slide 42

43. Investment income Slide 43

44. Eligible interest Slide 44

45. Personal allowance Slide 45

46. Employment income (1) Employment income Basis of assessment Allowable deductions Chapter 9

47. Employment income Slide 47

48. Basis of assessment Slide 48

49. Allowable deductions Slide 49

50. Employment income (2) Taxable benefits Exempt benefits NICs for employees Chapter 10