Taxation

TX - Applied Skills Level

A. The UK tax system and its administration

3 modules • Has lessons • Learn how the UK tax system operates. Topics include tax legislation, compliance rules, deadlines, penalties, and the principles of self-assessment. This section builds your foundational understanding of tax in a UK context.

B. Income tax and NIC liabilities

11 modules • Has lessons • Explore how income tax and National Insurance Contributions apply to individuals. Topics include allowances, tax bands, employment income, self-employment, and property income.

C. Chargeable gains for individuals

4 modules • Has lessons • Understand how capital gains tax applies to personal asset disposals. You’ll cover computation, exemptions, reliefs, and planning strategies.

D. Inheritance tax

1 module • Has lessons • Study how lifetime transfers and death impact taxation. You’ll learn how to calculate liabilities and apply exemptions and reliefs.

E. Corporation tax liabilities

5 modules • Has lessons • Learn how to compute corporate tax for UK-resident companies. Topics include taxable profits, adjustments, group relief, and deadlines.

F. Value added tax (VAT)

2 modules • Has lessons • Understand VAT principles, registration thresholds, and return preparation. You’ll also explore special schemes and the treatment of imports/exports.