Tax Accounting Certificate


Module 1 UK Taxation, Tax on Individuals
Unit 1 The origins of taxation and various types of tax
Unit 2 What is HMRC and what is its function
Unit 3 What taxes are applicable to individuals in the United Kingdom
Unit 4 Your rights and obligations as an employee and as a self-employed individual
Module 2 Benefits and Allowances
Unit 1 Overview of benefits and allowances and how these work in the United Kingdom
Unit 2 What are Working Tax Credit, Employment and Support Allowance
Unit 3 What are Jobseeker’s Allowance, Reduced Earnings Allowance and Bereavement Allowance
Module 3 National Insurance & Income Tax
Unit 1 What type of classes, rates and categories apply with regards to National Insurance
Unit 2 How much National Insurance contributions you pay when employed/self-employed
Unit 3 Tax codes, rates and allowances and how they affect Income tax
Unit 4 How to submit a Self-Assessment Tax Return
Module 4 Taxation in the UK
Unit 1 How business taxation works in the UK
Unit 2 The Business Tax Road Map (BTR) and HMRC’s views of the future
Unit 3 Company Tax Return and how to submit one
Unit 4 Capital Tax Gains and Rates
Module 5 PAYE, Payrolls and Wages
Unit 1 What is PAYE, when is it used, as well as the basics of running a payroll
Unit 2 Your responsibilities while running a payroll
Unit 3 Payslips and reporting to HMRC
Unit 4 What is the PAYE Settlement Agreement
Module 6 Value Added Tax (VAT)
Unit 1 What Value Added Tax is, and the three rates of VAT that exist in the UK
Unit 2 Registering for a VAT number and how to submit a VAT return
Unit 3 How VAT Annual Accounting Scheme can help companies with a large taxable turnover
Unit 4 What the VAT Flat Rate scheme is and how it helps to simplify your VAT charge
Module 7 Exporting and Importing goods and services
Unit 1 Classification of Goods
Unit 2 What is an EORI number?
Unit 3 Importing from EU and Non-EU countries
Unit 4 Duty relief for imports and exports
Module 8 Double Entry Accounting
Unit 1 The fundamental accounting equation and its role in accounting
Unit 2 What are transactions, accounts and ledgers and how they relate to each other
Unit 3 What the terms debit and credit mean in the accounting context
Unit 4 The definition of double entry accounting
Module 9 Management Accounting and Financial Analysis
Unit 1 Management Accounting and Financial Analysis
Unit 2 How to Prepare Balance Sheet
Unit 3 Indirect and direct method for calculating cash flow and preparing a cash flow statement
Unit 4 Reporting assets in the Shareholder’s equity statement
Module 10 Tax Organizations and Standards
Unit 1 International standards
Unit 2 International organisations that are responsible for tax and accounting regulations
Unit 3 Common Reporting Standards and why it matters for individuals
Unit 4 UK Regulatory Organisations