Understand Taxation




Description:
Understand Taxation:

  • Outlines the UK tax system covering structure and administration
  • Demonstrates how to calculate tax for companies and the issues involved
  • Explains the personal tax computation and the rules for allowances and reliefs

Having studied all the modules, users should be familiar with the operation of personal and business tax in the UK.


Contents:

  • Introduction to the UK tax system
  • Taxation of companies
  • Trading income and capital allowances
  • Property income
  • Capital allowances: industrial buildings allowance
  • Corporation tax losses
  • Groups
  • Assessable trading income
  • Trading losses
  • The computation of income tax – part 1
  • The computation of income tax – part 2
  • Computing chargeable gains – part 1
  • Computing chargeable gains – part 2
  • Chargeable gains for companies
  • Self assessment and payment of tax by individuals
  • Employment income
  • National insurance contributions
  • Inheritance tax
  • VAT
  • Overseas aspects of corporate tax
  • Tax planning
  • Assessment module 

Estimated interactive learning hours:  40


For more information on this software package, please call +44 (0) 1506 472255 or email lmsupport@bpp.com