ATT Foundation Qualifications

The ATT Foundation Qualifications open the door to a future
career in tax. Choose one of four specialisms – Personal Taxation,
Business Taxation, VAT Compliance or Transfer Pricing.

Book an ATT Foundation Qualification

What you’ll study

The Foundation Qualifications are ideal for anyone looking to take the first step to a formal and prestigious tax qualification, which can be furthered later with the full ATT Qualification.

Subjects examined within the Foundation Qualifications include:

Foundation in Personal Tax

  • Understanding the income tax calculation
  • Self-Assessment with returns, payment and penalties
  • Different sources of income including interest, dividends, trust income, property income and employment income
  • National Insurance Contributions for employment
  • Pensions including tax relief for contributions going in, annual allowance and the taxation of pension income received
  • Capital gains tax with losses and chattel rules
  • Principal Private Residence Relief
  • EIS from an income tax and Capital Gains Tax perspective

Foundation in Business Tax

  • Introduction to different types of business: sole traders, partnerships and companies
  • Adjustments to profit
  • Capital allowances
  • Sole trader loss reliefs
  • Partnerships and their loss reliefs
  • Flat rate expenses and cash basis for small businesses
  • National Insurance Contributions for the self-employed
  • Understanding the corporation tax calculation including long periods of account
  • Corporation Tax Self Assessment with returns, payments and penalties
  • Loan relationships for a company
  • Company trading loss reliefs
  • VAT registration, time of supply and VAT returns

Foundation in VAT Compliance

  • General principles of VAT
  • Liability, value and time of supply
  • Partial exemption
  • Accounting for VAT including penalties and HMRC powers
  • Bad debt relief
  • VAT on land and buildings
  • Overseas aspects of sales and purchases of goods and services
  • Capital goods scheme
  • Transfer of a going concern
  • VAT Groups
  • VAT schemes

Foundation in Transfer Pricing

  • Fundamental concepts, the arms’ length principle and comparability
  • Associated enterprises
  • Transfer pricing methods
  • Functional analysis
  • Entity characterisation
  • Transfer pricing implications of specific transactions including:  intra-group services; loans; intangible property; and business restructuring
  • Permanent establishments and attribution of profits
  • Adjustments
  • Non-recognition issues
  • Advance pricing agreements
  • Compliance issues