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Tax Demystified
The Basics of Vat, Corporation Tax, Personal Tax & Self Assessment in the UK
Created by Lisa Newton, offered on Udemy
bestcourses score™
Student feedback
4.9/10To make sure that we score courses properly, we pay a lot of attention to the reviews students leave on courses and how many students are taking a course in the first place. This course has a total of 119 students which left 29 reviews at an average rating of 4.7, which is average.
Course length
9/10We analyze course length to see if courses cover all important aspects of a topic, taking into account how long the course is compared to the category average. This course has a length of 1 hours 12 minutes, which is pretty short. This might not be a bad thing, but we've found that longer courses are often more detailed & comprehensive. The average course length for this entire category is 3 hours 4 minutes.
Overall score
5.4/10This course currently has a bestcourses score of 5.4/10, which makes it an average course. Overall, there are probably better courses available for this topic on our platform.
Description
This course explains the basics of 4 types of UK taxes: VAT (Value Added Tax), Corporation Tax, Personal Tax and Self Assessment. We cover who needs to register, by when, deadlines, filing penalties, how to register, rates of tax and also National Insurance.
For VAT we look at the different VAT schemes available, which services are vatable, the VAT threshold, the different rates of VAT, how VAT is filed, where you go to register for VAT and when etc.,
For corporation tax - we look at who is affected by it, the rate, where to go to register, the filing deadlines and penalties, the obligations and the relationship between HMRC and Companies House. etc.,
For Self Assessment - we look at who is affected, late filing penalties, where to register, what records to keep and for how long etc.,
For employed people - we cover the tax rates and National Insurance Rates - and the different types of classes of National Insurance, that exist, when they apply and when they don't.
What you will learn
- Understand Personal Tax, Self Assessment, Corportation Tax and VAT - the rates, who it effects, deadlines, how to register and general overview of the UK system
Requirements
- Student need to have an interest in learning about the tax system in the UK
