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Tax & VAT Accounting Diploma

CPD Accredited | Updated Module 2024 | FREE PDF Certificates | Lifetime Access | Experts’ Crafted


Cambridge Open Academy

Summary

Price
Save 14%
£12 inc VAT (was £14)
Offer ends 15 November 2024
Study method
Online
Duration
7 hours · Self-paced
Qualification
No formal qualification
CPD
10 CPD hours / points
Certificates
  • PDF Certification - Free
  • Hardcopy Certification - £9.99
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

8 students purchased this course

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Overview

UK Statistics

  • The UK Tax & VAT system is one of the most complex in the world, with over 1 million businesses registered.
  • Tax & VAT revenue in the UK is expected to reach £140 billion in 2023-24.
  • Tax & VAT compliance is a major challenge for many businesses, with HMRC issuing over 600,000 penalties in 2022-23.

Course Overview

The VAT & Tax Accounting Diploma is a comprehensive course that will teach you everything you need to know about VAT and tax accounting in the UK. You will learn about the different types of Tax & VAT, how to calculate Tax & VAT, and how to comply with VAT regulations. You will also learn about the different types of taxes that businesses in the UK need to pay, and how to complete tax returns.

The Tax & VAT Accounting Diploma is designed to equip learners with the expertise needed to excel in the field of tax accounting and VAT management. Covering key areas such as tax calculation, VAT returns, and tax compliance, this diploma is ideal for those looking to build a solid foundation in tax accounting.

By completing this Tax & VAT Accounting Diploma, you will gain the knowledge and skills necessary to ensure that businesses meet their tax and VAT obligations efficiently while minimizing errors and maximising compliance with UK tax laws.

Learning Outcomes

  • Understand the UK Tax & VAT system and its key principles.
  • Calculate Tax & VAT accurately and apply it to different types of transactions.
  • Register for Tax & VAT and complete VAT returns correctly.
  • Identify and apply Tax & VAT exemptions and zero-rates.
  • Understand the different types of taxes that businesses in the UK need to pay.
  • Complete tax returns accurately and on time.

Key Features & Benefits:

  • Learn from experts in the field
  • Gain a comprehensive understanding of UK Tax & VAT
  • Cost-effective Learning
  • Career advancement opportunities
  • Find the proper personal balance

How it works:

  • The course is delivered online, so you can access it from anywhere.
  • It is self-paced, so you can work through it at your own pace.
  • Lifetime access makes your learning period more flexible.

Certificates

PDF Certification

Digital certificate - Included

Hardcopy Certification

Hard copy certificate - £9.99

Note: Delivery of hardcopy certificate is free within the United Kingdom. However, to obtain a hardcopy certificate, international students have to pay £19.99 for the shipment to their designated address.

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Course media

Description

The VAT & Tax Accounting Diploma is a comprehensive course that will teach you everything you need to know about VAT and tax accounting in the UK. You will learn about the different types of VAT, how to calculate VAT, and how to comply with VAT regulations. You will also learn about the different types of taxes that businesses in the UK need to pay, and how to complete tax returns.

The Tax & VAT Accounting Diploma provides an in-depth understanding of tax accounting and VAT management. This course covers essential topics such as tax calculation, VAT registration, VAT returns, and ensuring compliance with UK tax laws.

You’ll learn how to handle corporation tax, income tax, and VAT accounting procedures while gaining insight into key tools and systems used in modern accounting. With practical examples and real-world scenarios, the Tax & VAT Accounting Diploma helps learners develop the skills required to manage tax and VAT compliance confidently.

Whether you are new to the field or want to strengthen your existing knowledge, this diploma will provide you with a comprehensive understanding of tax and VAT accounting in the UK.

Curriculum Breakdown:

  • Module 01: Understanding VAT
  • Module 02: VAT Terminology and Calculation
  • Module 03: VAT Taxable Persons
  • Module 04: VAT Registration
  • Module 05: VAT Rates
  • Module 06: Invoicing and Records
  • Module 07: VAT Application in Goods, Services and Vehicles
  • Module 08: Supply
  • Module 09: The VAT Return
  • Module 10: Tips on VAT Compliance
  • Module 11: VAT Exemptions and Zero-Rated VAT
  • Module 12: Miscellaneous VAT Issues and Penalties
  • Module 13: Making Tax Digital

Our Specialised Delivery Method:

  • Learn by Doing: Interactive activities keep you engaged.
  • Go Mobile: Works on any device, no downloads needed.
  • Easy to Use: Simple design for all learners.
  • Track Progress: Stay motivated with clear progress tracking.
  • Visually Appealing: Enjoyable learning experience.

Who is this course for?

The Tax & VAT Accounting Diploma is ideal for individuals aspiring to work in tax accounting, professionals looking to enhance their skills in VAT management, and business owners who need to understand their tax and VAT obligations. This course is perfect for accounting students, finance professionals, or those seeking career advancement in the field of tax accounting. Whether you are an entrepreneur, a bookkeeper, or a tax advisor, the Tax & VAT Accounting Diploma will provide you with the essential knowledge to handle tax and VAT compliance effectively.

The VAT & Tax Accounting Diploma is ideal for anyone who wants to learn more about VAT and tax accounting in the UK. The course is particularly suitable for:

  • People who are new to tax accounting and want to start a career in this field.
  • People who are already working in tax accounting and want to update their skills and knowledge.
  • Business owners and managers who need to understand VAT and tax regulations.

Requirements

Tax & VAT Accounting Diploma Course is also beneficial for:

  • No prior knowledge needed
  • Compatible with any internet-enabled device, including computers, tablets, and smartphones.
  • Consistent learning experience
  • Accessible anywhere, anytime
  • No limitations on access
  • Use Wi-Fi or mobile data

Career path

After finishing the course, you can advance your profession. Look into jobs like:

  • VAT Analyst: £30,000 - £40,000 per year
  • Tax Accountant: £35,000 - £45,000 per year
  • Financial Controller: £50,000 - £70,000 per year
  • Tax Manager: £40,000 - £60,000 per year
  • Auditor: £35,000 - £50,000 per year
  • CFO (Chief Financial Officer): £80,000 - £120,000 per year

Questions and answers

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FAQs

Interest free credit agreements provided by Zopa Bank Limited trading as DivideBuy are not regulated by the Financial Conduct Authority and do not fall under the jurisdiction of the Financial Ombudsman Service. Zopa Bank Limited trading as DivideBuy is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and entered on the Financial Services Register (800542). Zopa Bank Limited (10627575) is incorporated in England & Wales and has its registered office at: 1st Floor, Cottons Centre, Tooley Street, London, SE1 2QG. VAT Number 281765280. DivideBuy's trading address is First Floor, Brunswick Court, Brunswick Street, Newcastle-under-Lyme, ST5 1HH. © Zopa Bank Limited 2024. All rights reserved.