TXSkill level

Taxation

Tax systems and their effect on businesses and individuals.

Exam length
3 hours
Pass mark
50%
Level
Skill level
Exam availability
March, June, September, December

Some papers have fewer variants in March and September. Check ACCA for the latest dates.

01 / ABOUT THIS PAPER

Built around the TX exam

Our TX course is organised into six areas: Tax System & Administration, Income Tax & NIC, Capital Gains Tax, Inheritance Tax, Corporation Tax and VAT & Other Taxes. Each area comes with exam-style practice questions in the LMS.

Global pass rate: 54% (September 2026 sitting, source: ACCA)

02 / SYLLABUS

What the course covers

01

Tax System & Administration

  • Structure and purpose of the tax system
  • Self-assessment and statutory filing dates
  • Powers of tax authorities and penalties
  • Appeals procedure and dispute resolution
  • Tax avoidance vs tax evasion
02

Income Tax & NIC

  • Computation of taxable income
  • Employment income and benefits in kind
  • Trading profits and capital allowances
  • Property income and savings/dividend income
  • National Insurance Contributions (Classes 1, 2, 4)
03

Capital Gains Tax

  • Chargeable assets, persons, and disposals
  • Computation of capital gains and losses
  • Annual exempt amount and CGT rates
  • Chattels, property, and share matching rules
  • Reliefs (Business Asset Disposal, Gift Relief, Rollover)
04

Inheritance Tax

  • Chargeable transfers on death and lifetime
  • Transfers into trusts and exempt transfers
  • Nil rate bands and residence nil rate band
  • Valuation rules and Business Property Relief
  • Payment of IHT and tax planning
05

Corporation Tax

  • Chargeable accounting periods and profits
  • Trading income and loan relationships
  • Capital allowances for companies
  • Corporate capital gains
  • Group relief and loss utilization
06

VAT & Other Taxes

  • Scope of VAT, taxable persons, and supplies
  • Output tax, input tax, and VAT recovery
  • Registration rules and special VAT schemes
  • Stamp taxes and transaction duties
  • Environmental and international tax duties
PRACTISE IN THE LMS

Practise TX, marked instantly.

6
practice papers
96
questions today

Each with instant marks, feedback and a tip to improve. You always know whether your answer was right.

Try the LMS demo
03 / YOUR TEACHERS

Meet your teachers

SS
Sheikh Siyaf
Managing Director
JF
Javeriya Firdous
Academic Director

More teachers will be added soon.

04 / KEEP EXPLORING

Other skill level papers

LWCorporate and Business LawPMPerformance ManagementFRFinancial ReportingAAAudit and AssuranceFMFinancial Management