ICAEW Principles of Taxation (ICAEW) case studies
ICAEW Principles of Taxation · Put your knowledge to work in context.
The ICAEW Principles of Taxation page on this site is a study hub for candidates preparing for the tax module within ICAEW's ACA qualification. ICAEW is the Institute of Chartered Accountants in England and Wales, and its ACA is a chartered accountancy qualification; the 'Welcome to ICAEW.com' page describes a career as an ICAEW Chartered Accountant as offering 'the opportunity to work in any organisation, in any sector, whatever your ambitions', and states that '98% of the best global brands rely on ICAEW Chartered Accountants'. The ICAEW Principles of Taxation case studies are 5 cases and about 2,752 words.
1Personal service company: substance over the status determination statement
Dmitri is a data architect who works through his wholly owned personal service company, D Ark Ltd. Since January 2024 he has worked full-time for Halberd Bank, a large UK bank, on a 24-month contract at £900 a day.
614 words, about 3 min2Arrival in the UK: split-year treatment and the remittance basis
Mei Lin, aged 38, is a Taiwanese national and non-UK domiciled. She has never been UK resident.
569 words, about 3 min3Partial exemption: de minimis and the standard method
Cobalt Lettings Ltd owns a four-storey building in Leeds. It lets six flats to residential tenants for exempt rents of £240,000 a year and two commercial units to shops for standard-rated rents of £160,000; Cobalt has opted to tax the commercial units.
500 words, about 3 min4Capital allowances on a brewery fit-out
Ravenswood Brewing Ltd, a small independent brewery, is fitting out a new site. In its accounting period to 31 March 2025 it incurs: £1,200,000 construction cost of a new warehouse (contract signed in 2024; excludes land); £200,000 new brewing tanks; £150,000 new electrical installation, including wiring and distribution boards, which is an integral feature; £35,000 new delivery van; £22,000 second-hand car for the sales director, CO2 emissions 130g/km; £40,000 repairing the warehouse roof after storm damage; and £80,000 new refrigeration and cellar cooling equipment.
504 words, about 3 min5Inheritance tax: business relief, excepted assets and a gift with reservation
Geoffrey, aged 77 and widowed, owns 100% of Gable Engineering Ltd, an unquoted trading company. He has held the shares since 1995.
565 words, about 3 min