AAT L4 Business & Personal Tax case studies
AAT L4 Business & Personal Tax · Put your knowledge to work in context.
The AAT Level 4 Business & Personal Tax is a professional tax module within AAT's accounting qualifications, delivered by AAT-approved training providers. AAT describes itself as "the leading professional body for accounting technicians" and says its qualifications are "respected by employers worldwide." The module suits accounting technicians, bookkeepers and finance staff who already have a grounding in accounts and now need to compute and explain tax liabilities rather than simply record transactions. The AAT L4 Business & Personal Tax case studies are 5 cases and about 3,847 words.
1Year-end bonus timing across the director/shareholder boundary
Marlow Trading Ltd is a small owner-managed company. Its only two shareholders are also its only directors: Priya holds 60% and Daniel 40%.
815 words, about 4 min2Basis period reform and a sole trader with a long-established year end
Ravinder has traded as a sole trader for twelve years, preparing accounts to 30 September. His trading profits have been steady: £48,000 for the year to 30 September 2023 and £52,000 for the year to 30 September 2024.
783 words, about 4 min3Capital allowances versus the annual investment allowance on a mixed purchase
Fenwick Engineering Ltd is a small company with a 31 March year end. In the year to 31 March it spends: £180,000 on a new CNC machine; £40,000 on a second-hand delivery van (not zero-emission); £12,000 on office furniture; and £9,000 on a new computer system.
724 words, about 4 min4Payment on account trap for a partner with a falling profit share
Beth and Carl are equal partners in a design partnership, preparing accounts to 31 March. For the year to 31 March 2024 the partnership profit was £160,000, so each partner's share was £80,000.
735 words, about 4 min5Close company loan to a shareholder-director
Ashby Consulting Ltd is a close company owned equally by two brothers, Tom and Sam, who are both directors. In October 2024 the company lent Tom £30,000 interest-free to help with a house deposit.
790 words, about 4 min