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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 |