Master and reinforce skills and knowledge in planning and calculating tax in the UK with this free online course. The money that the government takes or deducts from us is called tax. It is a mandatory contribution to the state, but you do not receive goods or services in return for this payment. The modern tax system is governed by legislation. This course will provide all the information required to understand the different types of taxes and implement best practices for the timely and effective fulfilment of all tax-related obligations.
| Course Category | Accountancy, Business |
| Course Type | Online Learning |
| Course Qualification | CPD Certificate |
| Course Duration | 1.5-3 hours |
| Course Fee | Free |
| Entry Requirements | Like all courses on the Alison Free Learning platform this is a free, CPD-accredited course. A Graduate can choose to buy a certificate or diploma upon successful completion of a course, but this is not required or necessary. At Alison we believe that free education, more than anything, has the power to break through boundaries and transform lives. Alison is the world’s largest free online empowerment platform for education and skills training, offering over 5000 CPD accredited courses and a range of impactful career development tools. It is a for-profit social enterprise dedicated to making it possible for anyone, to study anything, anywhere, at any time, for free online, at any subject level. Through our mission, we are a catalyst for positive social change, creating opportunity, prosperity, and equality for everyone. |
| Career Path | What You Will Learn In This Free Course • List the various tax types and revenue sources • Define VAT, its purpose, and implications • Indicate the national insurance based on criteria • Describe the process of registering and sending tax returns as required • State the ways to deduct tax using tax codes under PAYE • Identify the ways to handle emergency tax codes and notice of coding • Explain the process of calculating lifetime tax on chargeable lifetime transfers (CLTs) • Summarise the notions of inheritance, income, individuals, capital gain and corporation tax • Discuss the method to prepare the balance sheet • Outline the income statement showing revenue and expenses |
| Course Code | 6482 |
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