F6 (UK), TAXATION
The main additions to the F6 syllabus are given in Table 4 below.
Table 4 – Additions to F6 (UK)

Section and subject area

Syllabus content

B2 – Income from employment

New part (j) on the circumstances in which real time reporting late filing penalties will be imposed on an employer and the amount of penalty which is charged added

B2 – Income from employment–Excluded topics

The reduced charge applicable to zero emission company vans

B3 Income from self-employment –Excluded topics

Knowledge of the new annual investment allowance limit of £200,000 from 1 January 2016

B4 Property and investment income –Excluded topics

The additional ISA allowance for a surviving spouse or registered civil partnerHelp-to-buy ISAs

B5 The comprehensive computation of taxable income and income tax liability – Excluded topics

The higher personal allowance available for people born before 6 April 1938.

B5 The comprehensive computation of taxable income and income tax liability

New part (c) on the transferable amount of personal allowance for spouses or civil partners added

B6 National insurance contributions for employed and self-employed persons – Excluded topics

The exemption from employer’s class 1 NIC in respect of employees aged under 21

B7 The use of exemptions and reliefs in deferring and minimising income tax liabilities – Excluded topics

The anti-avoidance annual allowance limit of £10,000 for pension contributionsThe transitional rules affecting the annual allowance for pension contributions for the tax year 2015–16

E4 The comprehensive computation of corporation tax liability – Excluded topics

The tax rates applicable to periods prior to financial year 2015Marginal relief

F2 The computation of VAT liabilities

New part (a) on the calculation of the amount of VAT payable/recoverable added for clarity

The main areas that have been deleted from the syllabus are shown in Table 5 below.
Table 5 – Deletions from F6 (UK)

Section and subject area

Syllabus content

B2 Income from employment

The exemption where an employer pays for medical treatment removed from excluded topics as now examinable.

E4 The comprehensive computation of corporation tax liability

The implications of receiving franked investment income removed from the syllabus

E5 The effect of a group corporate structure for corporation tax purposes

The definition of an associated company and the effect of having associated companies for corporation tax purposes removed from the syllabus

The main areas that have been amended the syllabus are shown in Table 6 below.
Table 6 – Amendments to F6 (UK)

Section and subject area

Syllabus content

B4 Property and investment income

'Individual savings account (ISA)' substituted for 'New individual savings account (NISA)' in part (g)