Tax Demystified

Tax Demystified

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.

The Basics of Vat, Corporation Tax, Personal Tax & Self Assessment in the UK

Url: View Details

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

Rating: 4.55

Level: Beginner Level

Duration: 1 hour

Instructor: Lisa Newton