Global Taxation(GTX)
Dr. Glen Brown
Leading Teacher31
TopicsAim
To develop knowledge and skills relating to the tax system as applicable to individuals, single companies, and groups of companies.
Main capabilities
On successful completion of this paper candidates should be able to:
A Explain the operation and scope of the tax system and the obligations of tax payers and/or their agents and the implications of non-compliance
B Explain and compute the income tax liabilities of individuals and the effect of national insurance contributions (NIC) on employees, employers and the self employed
C Explain and compute the chargeable gains arising on individuals
D Explain and compute the inheritance tax liabilities of individuals
E Explain and compute the corporation tax liabilities of individual companies and groups of companies
F Explain and compute the effects of value added tax on incorporated and unincorporated businesses
| 1 | The overall function and purpose of taxation in a modern economy |
| 2 | Principal sources of revenue law and practice |
| 3 | The systems for self-assessment and the making of returns |
| 4 | The time limits for the submission of information, claims and payment of tax, including payments on account |
| 5 | The procedures relating to compliance checks, appeals and disputes |
| 6 | Penalties for non-compliance |
| 7 | The scope of income tax |
| 8 | Income from employment |
| 9 | Income from self-employment |
| 10 | Property and investment income |
| 11 | The comprehensive computation of taxable income and income tax liability |
| 12 | National insurance contributions for employed and self-employed persons |
| 13 | The use of exemptions and reliefs in deferring and minimising income tax liabilities |
| 14 | The scope of the taxation of capital gains |
| 15 | The basic principles of computing gains and losses |
| 16 | Gains and losses on the disposal of movable and immovable property |
| 17 | Gains and losses on the disposal of shares and securities |
| 18 | The computation of capital gains tax |
| 19 | The use of exemptions and reliefs in deferring and minimising tax liabilities arising on the disposal of capital assets |
| 20 | The basic principles of computing transfers of value |
| 21 | The liabilities arising on chargeable lifetime transfers and on the death of an individual |
| 22 | The use of exemptions in deferring and minimising inheritance tax liabilities |
| 23 | Payment of inheritance tax |
| 24 | The scope of corporation tax |
| 25 | ExTaxable total profits |
| 26 | Chargeable gains for companies |
| 27 | The comprehensive computation of corporation tax liability |
| 28 | The effect of a group corporate structure for corporation tax purposes |
| 29 | The VAT registration requirements |
| 30 | The computation of VAT liabilities |
| 31 | The effect of special schemes |
Dr. Glen Brown
Dr. Glen Brown is a highly accomplished finance and accounting professional with over 25 years of experience in the industry. As the President & CEO of both Global Accountancy Institute, Inc. and Global Financial Engineering, Inc., Dr. Brown leads organizations dedicated to bridging the fields of accountancy, finance, investments, trading, and technology, positioning them as a global multi-asset class professional proprietary trading firm.
With a Doctor of Philosophy (Ph.D.) in Investments and Finance, Dr. Brown’s expertise spans a wide range of disciplines, including financial accounting, management accounting, finance, investments, strategic management, and risk management. In addition to his executive roles, Dr. Brown serves as the Chief Financial Engineer, Head of Trading & Investments, Chief Data Scientist, and Senior Lecturer in various financial disciplines, showcasing his commitment to both practical application and academic advancement in his field.
At the heart of Dr. Glen Brown’s leadership and accomplishments is his guiding philosophy: “We must consume ourselves in order to transform ourselves for our rebirth. We are blessed with subtlety, creative imaginations, and outstanding potential to attain spiritual enlightenment, transformation, and regeneration.” This belief drives Dr. Brown’s dedication to innovation, personal growth, and the pursuit of excellence in the world of finance and investments.
Through his extensive experience and unique philosophical approach, Dr. Glen Brown continues to foster a culture of innovation and success at Global Accountancy Institute, Inc. and Global Financial Engineering, Inc., offering cutting-edge solutions to complex financial challenges.
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