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Indirect Tax


London Governance & Compliance Academy

Summary

Price
Save 30%
£90 inc VAT (was £130)
Or £30.00/mo. for 3 months... Read more
Offer ends 31 August 2020
Study method
Online, self-paced
Duration
6 Weeks
Access to content
12 Months
Qualification
AAT Level 3 Certificate in Tax (HMRC) (QCF) Indirect tax
Additional info
  • Tutor is available to students

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Overview

This course is about indirect tax: specifically, the tax that is referred to in the UK and throughout this course as value added tax (VAT). The course is designed to develop your skills in preparing and submitting returns to the relevant tax authority in situations where the transactions that have to be included are relatively routine. However, some non-routine issues are also included in this course.

This course provides you with the knowledge and skills that you need to keep your employers and clients compliant with the laws and practices that apply to the indirect taxation of sales and purchases. The content is designed to ensure that you can perform these tasks relatively unsupervised, particularly in terms of routine and some non-routine VAT tasks. However, it is expected that will still require some management for more involved and intensive VAT transactions. It is important that you understand and applies the VAT rules from an ethical point of view. All VAT work must be carried out with integrity, objectivity and a high degree of professional competence. There must be due care with regard to confidentiality about any personal data being processed and, from a business protection aspect, with the correct approach to professional behaviour.

You will learn about VAT legislation and the importance of maintaining their technical knowledge through monitoring updates. You must be taught how to complete VAT returns accurately and must understand the implications of failing to do so. Inaccuracy and omission, late submission of returns and late payment or non-payment of VAT need to be understood in terms of the sanctions and penalties that are available to the relevant tax authority.

In particular, you will learn how to calculate the VAT value correctly in different circumstances, verify the calculations of the submitted return and correctly use an accounting system to extract relevant data for the return.

The VAT registration and deregistration rules are important aspects of learning at this level, and this includes the need to monitor sales closely to avoid breaching regulations. The existence and basic terms of special VAT schemes are also important.

You will learn about how to deal with errors made in previous VAT returns and how and when these errors are corrected. You will also learn about communicating VAT matters to relevant individuals and organisations, including the special rules that apply when goods and services are imported into and exported out of the UK and the European Union (EU).

Qualification

AAT Level 3 Certificate in Tax (HMRC) (QCF) Indirect tax

Course media

Description

Learning outcomes
1. Understand and apply VAT legislation requirements
2. Accurately complete VAT returns and submit them in a timely manner
3. Understand the implications for the business of errors, omissions and late filing and payment
4. Report VAT-related information within the organisation in accordance with regulatory and organisational requirement

Tutor support
We will support you every step of the way throughout your AAT learning experience with us. You can contact a tutor and get the help you need quickly and easily.

Provided by our Tutors Support team (our dedicated team of expert tutors):
• Live chat (instant response via online messenger system)
• Email (we'll get back to you within 1 working day)
• Discussion forum (we’ll get back to you within 1 working day)
• Request a call back so you can speak to a tutor (we’ll arrange a call with you within 1 day).

Why study AAT with LGCA?
• Study anywhere, anytime on your laptop, phone or tablet through this fully online learning
• Award-winning learner management system (LMS)
• Immediate start
• Access to practice questions and mock assessments
• Topic focused learning modules, containing tutor-led bite-sized videos
• Engaging activities designed for effective online learning
• Integrated programme to guide you efficiently through the whole syllabus

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.

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At reed.co.uk 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.

What are CPD hours/points?

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.co.uk, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

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 ABC Awards and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.

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