ICAEW Principles of Taxation (ICAEW) case studies
ICAEW Principles of Taxation · Put your knowledge to work in context.
The ICAEW Principles of Taxation module sits within the ICAEW Certificate in Finance, Accounting and Business (CFAB), a standalone certificate awarded by ICAEW, the Institute of Chartered Accountants in England and Wales. The module is designed for people who need a working grounding in UK tax rather than full chartered accountancy depth: finance staff in industry, trainees starting a professional qualification, and business owners or managers who deal with tax compliance in practice. The ICAEW Principles of Taxation case studies are 5 cases and about 2,317 words.
1Consultant or employee? The single-client contractor
Ravi, 42, is a software engineer. For the past 18 months he has worked full-time for one bank through Ravi Consulting Ltd, his wholly owned company.
448 words, about 2 min2Café refurbishment: repairs, equipment and the extension
Priya runs a café as a sole trader. Her accounts for the year show a profit of £85,000 after deducting the following items, all of which she has treated as expenses: a new espresso machine £6,000; a replacement grinder £800; a new laptop for the till and bookings £1,200; repainting and repairing the café roof after storm damage £2,500; building a two-room extension for extra seating £30,000; and legal fees of £1,500 to negotiate a new ten-year lease.
477 words, about 2 min3The builder approaching the VAT threshold
Sam is a sole trader builder. His taxable turnover for the 12 months to 31 May 2025 was £82,000.
520 words, about 3 min4The house given away but still occupied
Margaret, a widow aged 78, transferred her house worth £450,000 to her two children in June 2020. She continued to live there rent-free, paid no rent, and the children paid none of the bills or improvements.
376 words, about 2 min5Arriving in the UK: residence, domicile and the remittance basis
Elena, a Brazilian national, moved to London on 1 May 2025 to start a job paying £80,000. Her husband and two children remained in Brazil.
496 words, about 2 min