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Introduction to the UK tax system

Update on 2023 | CPD Certified | Free Digital Certificate | Free Exam | Lifetime Access


Course Line On Demand

Summary

Price
£12 inc VAT
Study method
Online, On Demand What's this?
Duration
3.6 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students

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Overview

Welcome to Introduction to the UK tax system, a comprehensive and engaging course designed to provide you with in-depth knowledge and practical skills in Tax System. Throughout this course, we will explore various aspects of Tax System and delve into its fundamental concepts, advanced techniques, and real-world applications.

Our primary objective in Introduction to the UK tax system is to equip you with a solid foundation in Tax System. Whether you are a beginner or an experienced professional looking to expand your expertise, this course will cater to your needs and help you achieve your learning goals.

During our journey together, you will have the opportunity to:

  • Gain a thorough understanding of the core principles and theories that underpin Tax System.
  • Acquire practical skills through hands-on exercises, projects, and real-world examples.
  • Explore cutting-edge advancements and emerging trends in the field of Tax System.
  • Prepare for future opportunities, such as further education, career advancement, or entrepreneurship, in the field of Tax System.
  • Reflect on your learning journey, celebrate your achievements, and gain the confidence to excel in Tax System.

By the end of Introduction to the UK tax system, you will have gained a comprehensive understanding of Tax System and developed the skills necessary to succeed in this dynamic field. Whether you choose to pursue further education, enter the job market, or embark on entrepreneurial ventures, this course will lay a strong foundation for your future endeavours.

We are excited to have you join us on this educational journey, and we look forward to helping you unlock your full potential in Introduction to the UK tax system. Let's get started!

Why should you choose Course Line?

When it comes to quality education and professional development, Course Line stands out as one of the most prestigious learning providers. As a certified institution by UKRLP & CPD Group, we have a proven track record of excellence, having successfully taught over 20,000+ students and counting.

Certificates

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

Curriculum

10
sections
10
lectures
3h 39m
total

Course media

Description

Welcome to the course outline for Introduction to the UK tax system. In this comprehensive learning journey, we will explore the depths of Tax System, delving into its core principles, practical examples, and advanced techniques. Through a series of engaging lectures and exercises, you will gain the knowledge and skills necessary to excel in the field of Introduction to the UK tax system.

*****Introduction to the UK tax system Course Syllabus*****

Module 1: Introduction

  • Income taxes
  • Taxes on spending
  • And yet more taxes
  • Taxes on businesses
  • Avoiding taxes

Module 2: Taxes on your income and earnings

  • Income tax and national insurance
  • National insurance contributions
  • Paying tax
  • Taxes on high earners
  • The Laffer curves
  • Sports, prizes and betting
  • With betting, the tax inspector always wins
  • The poverty traps

Module 3: Taxes on what you spend

  • Value added tax
  • How VAT works
  • Zero rated and exempt from VAT
  • Europe, Brexit and VAT
  • Customs and excise
  • Excise duties
  • Fuel duty and green taxes
  • Oil and gas extraction
  • Green taxes
  • Global warming

Module 4: Taxes on what you own

  • Capital gains tax
  • Paying capital gains tax
  • Taxes on homes and property
  • Inheritance tax
  • Stamp duty land tax
  • Council tax
  • Buy to let
  • The mansion tax and wealth taxes
  • Taxes on pensions and saving
  • Other ways to save
  • How to live comfortably while paying almost no tax at all

Module 5: Taxes on business

  • Taxing business
  • Tax on the self‐employed and small businesses
  • Tax on companies
  • Personal service companies
  • The tradesman’s entrance
  • Multinationals and international tax
  • Territorial taxes
  • Tax havens
  • A bit of BEPS
  • Where does big business make its profits?
  • Tax competition
  • Taxing what you can’t touch
  • Taxes on financial transactions

Module 6: Taxes evaded, avoided and reformed

  • Film finance: how governments encourage planning, avoidance and evasion
  • Tax evasion
  • Tax avoidance and the general anti‐abuse rule
  • A changing climate
  • Avoiding income tax
  • The new fight against aggressive avoidance
  • Tax planning
  • Tax reform
  • Stop cutting income tax and start cutting national insurance
  • Start the 45% tax rate at £100,000 instead of £150,000
  • Tax companies according to their accounting profits
  • Expand the scope of VAT
  • Introduce a minimum income tax rate for the wealthy while abolishing most income tax anti‐avoidance rules and incentives

Module 7: The Three Golden Rules of tax

  • The First Golden Rule: Lots of small taxes together add up to make big tax bills
  • The Second Golden Rule: No matter what name is on the bill, all taxes are ultimately suffered by human beings
  • The Third Golden Rule: Taxes are kept as invisible as possible

Module 8: Impact of Brexit on UK Tax

  • VAT - how will Brexit affect VAT?
  • The UK as a Third Country
  • VAT – what changes will be made?
  • Corporate tax and groups
  • Tax transparency
  • How will Brexit affect EU tax law litigation?

Assessment Process

Upon completing the Introduction to the UK tax system course, you will be required to undertake a multiple-choice evaluation in order to gauge your understanding of the material covered.

If you do not achieve the minimum passing score, you will have the opportunity to retake the assessment without incurring any additional cost.

Certification

After successfully completing this Introduction to the UK tax system course, you will get an instant Free digital certificate.

Who is this course for?

Introduction to the UK tax system is designed to cater to a wide range of individuals who are eager to enhance their knowledge and skills in Tax System.

This course is suitable for:

  1. Beginners in Tax System
  2. Professionals
  3. Students
  4. Career changers

No matter your background or level of experience, Introduction to the UK tax system offers a comprehensive learning experience that caters to your specific needs. Join us on this educational journey and unlock your potential in Tax System today!

Requirements

Requirements for the Introduction to the UK tax system course:

  • No Prior Knowledge Required
  • Basic Computer Skills.
  • Internet access.
  • Familiarity with English

Career path

Completing Introduction to the UK tax system course can open exciting career opportunities in various fields related to Tax System. Here are three potential career paths you can pursue after completing Introduction to the UK tax system:

  • Tax System Specialist
  • Tax System Researcher
  • Tax System Educator

Questions and answers

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

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An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.