AAT – Business Tax

This course introduces UK business taxation, covering the tax calculations for sole traders, partnerships, and limited companies.

350.00

This course introduces UK business taxation, covering the tax calculations for sole traders, partnerships, and limited companies. Students will learn to identify tax planning opportunities while maintaining ethical standards.

The curriculum will teach students how to prepare tax computations, including the tax treatment of capital expenditure and the adjustment of accounting profits for tax purposes. They will learn to allocate profits across tax years, including opening and closing years, and distribute profits among partners in a partnership. Additionally, students will calculate National Insurance contributions for the self-employed and advise on tax implications of business losses.

The course also covers administrative requirements of UK tax law, such as the consequences of errors in tax returns, late filings, late tax payments, and the importance of retaining records. Students will learn to compute tax on the sale of capital assets by companies and understand capital gains implications and tax reliefs for selling a business.

Ethical considerations in tax reporting and the responsibilities of accountants as tax advisors will be discussed, highlighting the role of ethical standards in tax advice.

This course is an optional component of the Level 4 Diploma in Professional Accounting.

Learning Outcomes:
On successful completion of this subject, you should be able to:
  1. Prepare tax computations for sole traders and partnerships
  2. Prepare tax computations for limited companies
  3. Prepare tax computations for the sale of capital assets by limited companies
  4. Understand administrative requirements of the UK’s tax regime
  5. Understand the tax implications of business disposals
  6. Understand tax reliefs, tax planning opportunities and agent’s responsibilities in reporting taxation to HM Revenue & Customs

Registration and Access

Once you complete an online purchase you will receive confirmation of account activation. Please allow 48 hours to get access to all the modules and for your eLearning account to be set up.

If you wish to receive an invoice instead of paying online, please contact us at info@eimf.eu. Access to the course is valid for 365 days.

 

Certification

Upon the successful completion of the subject Business Tax, you can advance to the next subject of the AAT Diploma in Professional Accounting Level or If you have already completed other subjects, you can proceed to apply for your full AAT membership.

  • Adjusting accounting profits and losses for tax purposes
  • Prepare capital allowances computations
  • Application of basis periods
  • Calculating taxable profits and losses of partners
  • Calculate National Insurance Contributions (NICs) payable by self-employed taxpayers
  • Adjusting accounting profits and losses for tax purposes
  • Prepare capital allowances computations
  • Calculate taxable profits and corporation tax payable
  • Calculate chargeable gains and allowable losses
  • Calculate chargeable gains and allowable losses for shares
  • The administrative requirements of UK tax law
  • Penalties and interest for non-compliance
  • Business disposals
  • Trading losses
  • Badges of trade
  • Tax planning for businesses
  • Ethical guidelines
  • Study planner and guidance
  • Access to AccountingWise Learn
  • Comprehensive pre-recorded lectures
  • Extensive question practice (including mock exams and feedback)
  • Tutor support via phone or email

The AAT qualification is ideal for people who want a career in finance and business.

  • Format: Computer-based assessment
  • Availability: On Demand
  • Pass: A score of 70%
  • Length: 2 hours
  • Please Note: Official Exam is not provided; it should be purchased separately.

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