Taxation AF3201 Coursework Help-Professional Accounting Assignment HelpTaxation AF3201Coursework InstructionsWritten answer in hard copy (not a presentation or online). Group work for 3-4persons. The coursework should be in hard copy and posted in the courseworksubmission boxes (Cass Student Lounge, 3rd Floor Drysdale building). Please ensureyou attach a front cover sheet which includes all the groups’ names and student IDnumbers. Deadline: 10am Thursday 19th April.There is no minimum or maximum word count but guidance is given below.Background information:You are a trainee accountant employed by Omega Partners, a firm of CharteredAccountants that provides advice to its clients on UK and overseas issues for bothcorporate and individual clients.Your manager is Sasha Valentine and she is in the process of handing over her clientwork before her maternity leave. Sasha has asked you to assist her with some of theoutstanding issues prior to her departure.Emails from Sasha:Email 1:To: Trainee@ omegaFrom: S.Valentine @omegaSubject: Personal tax clientsThe HarrisonsAnya Harrison is a high wealth individual and the firm has given her income taxadvice in the past. She has contacted me about her husband Noel and his pensionarrangements. Please look at attachment 1 which contains information from Anya.Please prepare a document appropriate to send to Anya and her husband explainingthe pension rules that are relevant to him and any charges that might arise in2017/18 or in the future. Noel does not like long documents so please restrict yourdocument to no more than two to four pages, including any numerical examples youfeel are necessary to illustrate his position.In addition, please send me an email about the issues regarding advising Noel,engagement letters and possible conflict of interest, including the latest guidancegiven in Professional Conduct in Relation to Taxation (PCRT).Email 2:To: Trainee@ omegaFrom: S.Valentine @omegaSubject: Corporate tax clientsThe Andromeda Ltd group is one of my largest clients and the new finance team arevisiting our offices next month to discuss their expansion plans and some of the taximplications. As you are aware they are heavily involved in the space industry and Ineed you to prepare a brief PowerPoint presentation on the tax consequences ofresearch and development costs in various jurisdictions, suitable to pass ontoHoward Rausch, one of my colleagu
es.Specifications for the power point slidesThe group finance director, Leon Tessler is quite knowledgeable with regard tocorporation tax, but his new team are not. Please prepare slides that explain the taxeffect of research and development expenditure in the UK to them, so focus on theUK issues initially. However, Andromeda Ltd is looking at possibilities in variousother jurisdictions including the Republic of Ireland and India, so I need some slideswith highlight points of the tax relief for research and development expenditure inthose countries.I am anticipating a slide show of 10-15 slides, no more. However, can you alsoprovide some brief notes accompanying each slide to help my colleague HowardRausch deliver the presentation. The notes should not be more than 3-4 pages longin total. When you include points about Ireland and India, please put a briefreference to the source of your information at the bottom of the notes so Howard cancheck the information.Attachment 1Pension information from the Harrisons:Noel has been appointed as a director of a construction company, Towers Ltd with asalary of £90,000 per year, which is an increase on his previous earnings fromHamlet Ltd, where he was employed at £56,000 p.a. with no pay increase for the pastfive years:1. Noel has been offered the opportunity to join the Towers Ltd occupational schemewhere he is required to make contributions and Towers Ltd will also contribute. Thisis a money purchase scheme and he is not sure what this means, so please explainthis to him and the tax effect of any contributions made by him and/or TowersLtd.2. Noel has made contributions of £50,000 per year into a personal pension schemesince 2013/14. If he chooses not to join the Towers Ltd occupational scheme he willcontinue to contribute to his personal pension scheme and make a contribution of£80,000 for 2018/19.3. Assuming he continues to contribute to his personal scheme, what lump sum canNoel withdraw when he chooses to retire and is there any limit on the size of the fundavailable to provide him with a pension?You are required to:1) Prepare the pension document for Noel, addressing the issues raised.(25 marks)2) Prepare the email to Sasha on engagement letters and conflict of interestmattersaffecting the Harrisons.(25 marks)3) Prepare the slides and notes requested by Sasha Valentine regarding research anddevelopment.(50 marks)Total: 100 marks