An Introduction to the UK Tax System

Speaker:  Russell Cockburn  |  CPD Hours: 6.0

Price £575 plus VAT

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OBJECTIVES

A one-day course aimed at giving a newcomer, working with UK taxes, a general introduction to the subject and outlining the main taxes that apply to individuals and businesses. At the end of the course, delegates should have gained a good understanding of the structure of UK taxes, who they apply to and when they are payable. This course will be of particular benefit to tax staff in practice or payroll starting out on a career in tax.

CONTENT

Income Tax

  • Chargeable persons
  • Taxable sources
  • Income and expenditure rules
  • UK Payroll tax obligations
  • Special rules for business taxes

Capital Gains Tax

  • Chargeable persons
  • Chargeable occasions
  • Chargeable assets
  • Computational rules

Inheritance Tax

  • Chargeable persons
  • Chargeable occasions
  • Chargeable assets
  • Computational rules

National Insurance/Social Security

  • Residence and territoriality
  • Individuals and business charges

Corporation Tax

  • Taxable entities
  • Taxable sources
  • Computational aspects

Value Added Tax

  • Taxable supplies
  • Registration limits
  • Taxable sources
  • Computational aspects

Tax Compliance Regime

  • Self-assessment rules
  • Compliance aspects and sanctions
  • HMRC Enquiry Powers and procedures

WHO SHOULD ATTEND

The course will be of interest to anyone new to UK taxes or who is looking for an overview of the applicable taxes in the UK and who they apply to, how they are calculated and when they are payable. Tax staff, accounting technicians and payroll tax officers will find this course particularly relevant to their studies.

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