This month's exclusive Accountancy Daily CPD module covers the various tax aspects of the purchase, ownership and use of cars including tax relief, VAT, taxable benefits and the statutory mileage scheme

Completing this module will enable you to:

• Describe taxable benefits on the provision of cars
• Understand the statutory mileage scheme to calculate taxable amounts
• Explain tax relief on the costs of cars
• Understand VAT and cars

The courses lecturer is Cath Hall MA, FCA. Cath is a professional trainer and is involved with a variety of professional organisations as an examiner and moderator of professional exams, including the ICAEW. Before moving into training, she worked at the corporate tax division of Arthur Andersen from 1990 to 1996.

This CPD module takes 20 minutes to complete and is followed by a short quiz to ensure thorough learning. Any CPD learning is also automatically added to Your CPD Tracker.

If you're already a subscriber, you can log in to access this CPD module.

To subscribe to eCPD go to the Subscriptions page

This month's exclusive Accountancy Daily CPD module covers the basic principles of agricultural property relief (APR) as well as the conditions that need to be fulfilled, the special cases that are relevant and the interaction between business property relief (BPR) and APR

Relief is available from inheritance tax (IHT) through APR on transfers of agricultural land along with appropriate buildings associated with the land in the UK, Channel Islands and the Isle of Man, and since the Finance Act 2009 elsewhere in the European Economic Area, which meet the ownership requirements.

Completing this module will enable you to:

• Understand the basic principles of APR
• Describe the conditions that need to be fulfilled and particular issues
• Describe the special cases that are relevant
• Explain the other matters including the interaction between BPR and APR

The course lecturer is Tony Jenkins CTA, a freelance tax lecturer with his own practice and has over 30 years’ experience in training and advising clients in all types of businesses.

This CPD module takes 20 minutes to complete and is followed by a short quiz to ensure thorough learning. Any CPD learning is also automatically added to Your CPD Tracker.

If you're already a subscriber, you can log in to access this CPD module.

To subscribe to eCPD go to the Subscriptions page

This module focuses on the issues of extracting profit from a company through either dividend or salary explaining the implications of transferrable married couple’s allowance, national insurance contributions (NIC) and national minimum wage (NMW)

Low rates of corporation tax along with favourable income tax and NIC treatment of dividends compared to salary, meant that for many businesses it was tax-efficient to incorporate and extract profits through dividends rather than as salary.

The module covers the following topics:

• Introduction and background;
• NIC and the transferable married couple’s allowance;
• Paying in and withdrawing and the effect on employers; and
• NMW considerations and other matters.

The course lecturer is Tony Jenkins CTA, a freelance tax lecturer with his own practice and has over 30 years’ experience in training and advising clients in all types of businesses.

This CPD module takes 20 minutes to complete and is followed by a short quiz to ensure thorough learning. Any CPD learning is also automatically added to Your CPD Tracker.

If you're already a subscriber, you can log in to access this CPD module.

To subscribe to eCPD go to the Subscriptions page

This module focuses on how to calculate R&D relief covering the various conditions, qualifying expenditure, the procedure applicable for SMEs where there are surrenderable losses and other aspects

All traders are able to claim relief for qualifying R&D expenditure but only companies can claim for enhanced corporation tax relief. An SME company gets a higher rate of enhancement and can also receive the relief as a payable R&D tax credit. This module focuses on claims by SME companies for the enhanced relief for revenue expenditure on qualifying R&D.

This module covers the following topics:

• How to calculate the relief and what the conditions are;
• What expenditure qualifies;
• The procedure applicable for SMEs where there are surrenderable losses; and
• The other aspects

The course lecturer is Tony Jenkins CTA, a freelance tax lecturer with his own practice and has over 30 years’ experience in training and advising clients in all types of businesses.

This CPD module takes 16 minutes to complete and is followed by a short quiz to ensure thorough learning. Any CPD learning is also automatically added to Your CPD Tracker.

If you're already a subscriber, you can log in to access this CPD module.

To subscribe to eCPD go to the Subscriptions page

This module focuses on the implications of the Apprenticeship Levy, which came into effect on 5 April 2017, on employers including payments, the effect of paying in and withdrawing and digital accounts

The Apprenticeship Levy was introduced in April this year to give employers more control about how and where money is spent on apprenticeships with the Levy expecting to raise £3bn in the first year.

By completing this module you will be able to:

• Explain the levy and its scope;
• Understand payment by employers on the wage bill;
• Understand paying in and withdrawing and the effect on employers; and
• Explain the digital account used by employers.

The courses lecturer is Cath Hall MA, FCA. Cath is a professional trainer and is involved with a variety of professional organisations as an examiner and moderator of professional exams, including the ICAEW. Before moving into training, she worked at the corporate tax division of Arthur Andersen from 1990 to 1996.

This CPD module takes 18 minutes to complete and is followed by a short quiz to ensure thorough learning. Any CPD learning is also automatically added to Your CPD Tracker.

If you're already a subscriber, you can log in to access this CPD module.

To subscribe to eCPD go to the Subscriptions page

Residence nil rate band and inheritance tax - NEW CPD module

This module focuses on the residence nil rate band and inheritance tax rules, explaining the allowances and application of the tax rules particularly for inheritance tax planning purposes and clarifies the rules on inheritance for direct descendants only.

The module covers the following topics:

• whether the residence nil rate band (RNRB) applies taking into account the individual’s particular circumstances;
• how much relief is available where the individual has not moved or sold their home since 8 July 2015;
• how much relief is available where the home is no longer owned or has been downsized; and
• if any claims are necessary and how the inheritance tax (IHT) return should be completed.

The course lecturer is Stephanie Webber ACA CTA, a freelance tax writer specialising primarily in capital taxation and the taxation of trusts. She is the author of CCH’s Entrepreneur’s Relief and CCH’s Taxation of Trusts and Estates. Prior to this she spent eight years as tax consultant to a number of small to medium-sized accountancy firms focusing primarily on owner-managed businesses and high net worth individuals. Previously she worked as a tax lecturer and director of Financial Training Specialist Courses Ltd. 

This CPD module takes 15 minutes to complete and is followed by a short quiz to ensure thorough learning. Any CPD learning is also automatically added to Your CPD Tracker.

If you're already a subscriber, you can log in to access this CPD module.

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This module focuses the tax regime for business entertainment, clarifying the tax liability and looking at the tax treatment of business entertainment, the relevant principles and the exceptions, with detailed advice on the types of expenses which can be claimed under relevant tax law.

With certain exceptions, expenditure on business entertainment or gifts is not allowable as a deduction against profits, even if it is a genuine expense of the business. This includes expenditure by individuals, partnerships and companies carrying on a profession, vocation, trade or property business, investment companies and employees and directors. 

The course lecturer is Tony Jenkins CTA, a freelance tax lecturer with his own practice and has over 30 years’ experience in training and advising clients in all types of businesses.

This CPD module takes 17 minutes to complete and is followed by a short quiz to ensure thorough learning. Any CPD learning is also automatically added to Your CPD Tracker.

If you're already a subscriber, you can log in to access this CPD module.

To subscribe to eCPD go to the Subscriptions page