AAT L4 Business & Personal Tax study plan

Map the computational structure of trading profit for an unincorporated business from accounting profit to tax-adjusted profit

Calculate capital allowances on plant and machinery using writing-down allowances and the annual investment allowance

Apply the opening-year and closing-year basis period rules to compute assessable profits for a new or ceasing sole trader

Compute Class 2 and Class 4 National Insurance on a given profit figure

Compute adjusted profit for a partnership and allocate it between partners under an agreed profit-sharing ratio including salary and interest on capital

Prepare the tax adjustment for a company: add back disallowable expenditure and deduct capital allowances to reconcile accounting profit to trading profit

Distinguish allowable from disallowable expenditure using the wholly-and-exclusively and capital/revenue tests

Apply loss relief options for a sole trader and select the most tax-efficient claim

Compute corporation tax liability applying the main rate, marginal relief and associated-company rules for a given accounting period

Adjust trading profit for a company and apply the correct treatment of capital allowances and disallowables

Calculate the tax payable on a company's chargeable gains using the appropriate rate

Determine the quarterly instalment payment schedule for a company based on its augmented profits

Compute income tax liability for an individual across all income sources applying the correct order of income and personal allowance restriction

Calculate the tax on savings and dividend income applying the starting rate and dividend nil-rate band

Compute capital gains tax for an individual applying the annual exempt amount and the correct rates to gains

Apply the rules for the taxation of an employee benefit-in-kind and compute the taxable value

Compute the tax due on property income including the property allowance and replacement-of-domestic-items relief

Calculate pension contribution tax relief and its effect on the adjusted net income and personal allowance

Apply the residence, domicile and remittance rules to determine the scope of an individual's chargeable income and gains

Compute inheritance tax on a lifetime gift and on death applying the nil-rate band, residence nil-rate band and taper relief

Sequence the key filing and payment deadlines for income tax, corporation tax, PAYE and VAT into a single compliance calendar

Calculate penalties and interest for late filing and late payment across the main taxes

Apply the registration thresholds and deadlines for self-assessment and VAT registration

Explain the record-keeping requirements and the consequences of non-compliance for each tax

Compute VAT liability under the standard, reduced and zero rates and apply the partial exemption rules

Prepare the PAYE and NIC treatment of a director's remuneration package to minimise combined tax and NIC

Determine when a company should consider incorporation versus operating as a sole trader and quantify the tax difference

Apply the close-company rules to a director's loan and to a small salary plus dividend strategy

Sit two full-length timed mock exams under exam conditions and self-mark against the marking scheme

Identify and re-work the three weakest computational areas flagged by the mocks

Consolidate a one-page formula and rates sheet for each domain from memory

Practise written-answer technique for the narrative marks in each domain