ICAEW CFAB: Principles of Taxation

Last Updated : 21-11-2022

To enable students to understand the general objectives of taxation and to calculate income tax, national insurance contributions, capital gains tax, corporation tax and VAT in straightforward scenarios.

On completion of this module, students will be able to:

  • explain the general objectives of taxation, the influences upon the UK system of taxation, the different types of tax in the UK;
  • recognise the ethical issues arising in the course of performing tax work;
  • identify the obligations the UK system of taxation imposes on taxpayers and the implications of non-compliance;
  • calculate the amount of income tax owed by or owed to individuals and the amount of national insurance payable;
  • calculate the amount of capital gains tax payable by individuals and the chargeable gains subject to corporation tax;
  • calculate the amount of corporation tax payable by companies; and
  • calculate the amount of VAT owed by or owed to businesses.

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    Azam is director of the ICAEW-CFAB program at DSR. He was the lead instructor for the PAQT/EFP program, a joint initiative launched in 2019 by the Human Resources Authority and ADGM Academy. To date, 29 Emirati students have earned the ACCA diploma through the program.

    Azam teaches ICAEW ACA courses at DSR and to corporate clients, including EmiratesNBD. His practice areas include Financial Accounting, Management Accounting, and Taxation.

    Azam is a graduate of Brown University (’01) in Providence, RI, USA. He attended the American Community School in Abu Dhabi.