Corporate taxation ATT paper 4

KEY POINTS

• The whole of the ATT Paper 2 ‘Business Taxation’ syllabus is assumed knowledge for Paper 4.
• Aspects of business lifecycle questions will include closing year rules capital allowances incorporation gift and entrepreneurs’ relief.
• Read the question to ensure the answer is relevant.
• Each element of a question has a separate mark allocation so identify and answer the easy parts.
• Provide detailed explanations when required.
• Worked calculations will show underlying principles.
• Do not leap to conclusions.

It may be tempting for students to translate ATT Paper 4 ‘Corporate Taxation’ as ‘Corporation Tax’ before assuming it was a paper on exactly that subject. This may not be unreasonable but those who do will find the first day of their...