ICAB PL Business Planning: Taxation and Compliance case studies
ICAB PL Business Planning: Taxation and Compliance · Put your knowledge to work in context.
The ICAB Professional Level module in Business Planning: Taxation and Compliance is a later-stage module of the Institute of Chartered Accountants of Bangladesh qualification. It is aimed at candidates who have already covered the fundamentals of accounting, audit and law and are now expected to advise on tax consequences rather than merely compute them. The syllabus spans the taxation of individuals, companies and groups, partnerships and unincorporated businesses, capital gains and capital allowances, indirect taxes such as VAT and sales tax, international and cross-border issues, and the professional skills layer of tax planning, ethics and compliance. Questions are typically a mix of multiple choice and longer constructed-response scenarios in which you must identify issues, apply the relevant rules and recommend a course of action with supporting figures. The ICAB PL Business Planning: Taxation and Compliance case studies are 5 cases and about 3,514 words.
1Director's Loan Account and the Section 455 Charge
Kestrel Analytics Ltd is a small owner-managed company with a 31 March year end. In November 2024 the sole director, Priya, drew £95,000 from the company to fund a personal property deposit.
675 words, about 3 min2VAT Partial Exemption and the Capital Goods Scheme
Harbour View Developments Ltd is VAT-registered and owns a mixed-use building. The ground floor is let to commercial tenants (taxable), and the upper floors are let to a charity for a nursery (exempt).
692 words, about 3 min3Partnership Profit Allocation and Basis Period Reform
Meadow & Co is a trading partnership with two partners, Alan and Beatrice, sharing profits equally. The partnership prepares accounts to 30 June.
725 words, about 4 min4Group Relief and the Corporate Intangible Assets Regime
Falcon Group consists of Falcon Holdings Ltd (holding company), Falcon Manufacturing Ltd (trading, profitable), and Falcon IP Ltd (owns patents and receives royalties). All are UK-resident and 100% owned.
692 words, about 3 min5Non-Resident Landlord and Treaty Relief
Sophie is a UK national who moved to Dubai in 2022 and became non-UK resident under the statutory residence test (she works full-time in Dubai and has no UK ties other than a let property). She owns a flat in Manchester, let to tenants for £24,000 per year gross.
730 words, about 4 min