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Key Details

Course Area:

Business and Accounts

Student Type:

Courses for 19+ students

Course Type:

Part-time FE course

Start Date:

Tuesday 25th February 2025

End Date:

Tuesday 1st April 2025

Time:

9:00 am - 1:00 pm

Location:

Adams Building Stoney Street, Nottingham, NG1 1NG

Fees:

£78.00

Course code:

C054863 / Q054864

Course Introduction

Business Tax course covers essential areas of UK tax principles, focusing on practical applications for sole traders, partnerships, and limited companies.

You will learn to prepare tax computations by adjusting accounting profits, calculating capital allowances, and determining National Insurance Contributions (NICs) for the self-employed.

The course also addresses tax computations for limited companies, including corporation tax calculations and taxable profits from trading, investments, and asset disposals.

Additionally, you will explore the administrative requirements for filing and compliance, including penalties and interest for late filings or payments. You will examine the tax implications of business disposals, with specific attention to capital gains tax and related reliefs.

Finally, you will gain insights into effective tax planning strategies, including the utilisation of trading losses, badges of trade for tax compliance, and ethical guidelines to distinguish between tax planning, avoidance, and evasion.

This curriculum will equip you with both theoretical knowledge and practical skills needed for business tax management and compliance.

Learning Outcomes:

  • Prepare tax computations for sole traders and partnerships
  • Prepare tax computations for limited companies
  • Prepare tax computations for the sale of capital assets by limited companies
  • Understand administrative requirements of the UK’s tax regime
  • Understand the tax implications of business disposals
  • Understand tax reliefs, tax planning opportunities and agent’s responsibilities in reporting taxation to HM Revenue & Customs

Course Information

College Certificate

Entry Level

There are no formal entry requirements but you must be aged 19+.

Related Courses

AAT Award in Bookkeeping (Level 1) - Part-time

AAT Certificate in Accounting (Level 2) - Part-time

AAT Level 2 Certificate in Accounting (Online and On Campus) - Part-time