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Course Highlights
Beginning with an introduction to accounting principles and concentrating on the compilation of the income statement and balance sheet, this course explores the nuances of UK tax accounting. As students advance, they will acquire knowledge of the UK tax system and administration, as well as the importance of National Insurance and personal tax duties. Modules include basic income tax principles, self-assessment tax return submission, and experience with payroll, PAYE, and wage management.
Value Added Tax (VAT) and Corporation Tax are important topics for UK-based firms, and the programme delves further into their intricacies. A strong foundation for precise financial record-keeping is provided by highlighting the concepts of Double Entry Accounting. Emphasising the relevance and application of the course material in the business world, the last module provides an outlook on pursuing a career as a tax accountant in the UK.
After completing the course, participants will have all the information they need to successfully navigate UK tax accounting, whether for managing their personal finances, maintaining compliance in business operations, or seeking a career in tax accounting.
Learning outcome
- Understand the UK tax system and administration.
- Accurately prepare income statements and balance sheets.
- Navigate the complexities of tax on individuals and National Insurance.
- Complete self-assessment tax returns proficiently.
- Grasp the essentials of PAYE, payroll, and wages.
- Apply VAT and Corporation Tax principles effectively.
- Build a foundation for a successful career in tax accounting.
Course media
Why should I take this course?
- Master UK Tax Accounting principles to manage personal and business finances.
- Ensure compliance with UK tax regulations and avoid penalties.
- Enhance employability in the finance and accounting sector.
- Gain skills in tax preparation and submission.
- Lay the groundwork for a successful career in tax accounting.
Career Path
- Tax Accountant
- Financial Analyst
- Payroll Manager
- VAT Specialist
- Corporation Tax Consultant
- Self-Assessment Advisor
- Accounting Technician
Requirements
- Basic understanding of accounting principles.
- Interest in UK tax law and compliance.
- Dedication to completing all modules and assignments.
Curriculum
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Introduction
00:03:00 -
First Transactions
00:05:00
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T Accounts introduction
00:03:00
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T-Accounts conclusion
00:03:00
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Trial Balance
00:02:00
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Income Statement
00:03:00
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Balance Sheet
00:03:00
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Balance Sheet Variations
00:03:00
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Accounts in practise
00:05:00
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Balance Sheets what are they
00:05:00
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Balance Sheet Level 2
00:03:00
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Income Statement Introduction
00:06:00
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Are they Expenses or Assets
00:03:00
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Accunting Jargon
00:02:00
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Tax System and Administration in the UK
00:13:00
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Tax on Individuals
00:12:00
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National Insurance
00:08:00
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How to Submit a Self-Assessment Tax Return
00:09:00
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Fundamentals of Income Tax
00:16:00
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Payee, Payroll and Wages
00:12:00
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Value Added Tax
00:15:00
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Corporation Tax
00:09:00
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Double Entry Accounting
00:05:00
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Career as a Tax Accountant in the UK
00:08:00
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Workbook – UK Tax Accounting
All
Courses for £49-
Duration:2 hours, 36 minutes
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Access:1 Year
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Units:25
