AAT L4

1. AAT
Level 4
Lesson 1
Personal Tax
By
Anjum Sattar
Email a.sattar@wakefield.ac.uk
Water Only
1

2. CHAPTER2
Principlesof
IncomeTax
Aims & Objectives
Aims
Objectives
By the end of this session you should be able to:
• Understand that some income is exempt from
income tax
• List common types of exempt income.
• Understand the concept of grossing up
• Prepare a pro forma for the income tax
computation.

3. Background Knowledge
• What do we know about is exempt from income tax
3

5. 5
28-Sep-21

6. 6
28-Sep-21

9. 9
28-Sep-21

12. CHAPTER3
Introductionto
EmploymentIncome
Aims & Objectives
Aims
Objectives
By the end of this session you should be able to:
• Distinguish between employment and self-
employment
• Understand the basis of assessment for earnings
• Explain the rules for allowable expenses
• Calculate employment income excluding benefits.

13. 13
28-Sep-21

14. 14
28-Sep-21

15. 15
28-Sep-21

30. 30
28-Sep-21

31. 31
28-Sep-21

32. 32
28-Sep-21

33. 33
28-Sep-21

34. 34
28-Sep-21

35. 35
28-Sep-21

36. 36
28-Sep-21

37. Activities
• Question 2
• Question 3
• Question 28
• Question 29
37
28-Sep-21

38. Question bank Activities
• 1
• 2
• 3
• 4
• 5
38
28-Sep-21