Principles of Taxation (PTX)

• Formal Degree: A degree in accountancy, economics, or business facilitates direct progression into the course.

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• Academic Qualifications:
  • UK or Irish Graduate Awards
  • NVQ/SVQ Levels 3 & 4 (e.g., BTEC National/Higher National Certificates or Diplomas)
     
• GCSEs and A Levels:
  • Two A levels (grades A*-E) plus three GCSEs (grades A-C or 9-4)
  • Two Vocational A levels or one double award, plus three GCSEs (grades A-C or 9-4) or one GNVQ
  • intermediate/BTEC First Diploma (merit)
  • Scottish Qualifications Certificate, Irish School Leaving Certificate
  • European/International Bachelor’s degree: Comparable overseas qualification

• Master Taxation Principles: Gain a comprehensive understanding of the core principles of taxation, including income tax, corporate tax, VAT, and other essential tax areas.
   
• Develop Tax Compliance Skills: Learn how to apply tax laws in practice, ensuring compliance with tax regulations for both individuals and businesses.
   
• Enhance Tax Planning Knowledge: Understand how to plan and calculate taxes efficiently, helping individuals and organisations minimise liabilities and maximise tax efficiency.
   
• Prepare for Advanced Qualifications: Build a solid foundation in taxation that supports progression towards higher ACA qualifications and enhances career opportunities in taxation and finance.

The Principles of Taxation (PTX) Course is designed for individuals looking to build foundational knowledge in taxation and tax compliance. Below are the professionals and learners who can benefit from this course:

• Aspiring Tax Advisors
• Junior Accountants
• Tax Assistants
• Accounting Technicians
• Finance Assistants
• Business Analysts
• Tax Consultants

Finance Administrators

Objectives, Types of Tax, and Ethics 

• Understanding the purpose of taxation and different tax types 

• Exploring ethical considerations in tax practices 
   

Administration of Taxation 

• Learning about tax authorities, compliance requirements, and administrative procedures. 

• Understanding the processes involved in tax collection and enforcement. 
   

Income Tax and National Insurance Contributions 

• Calculating personal income tax liabilities 

• Understanding National Insurance contributions and their implications 
   

Capital Gains Tax 

• Assessing tax on the profit from the sale of assets 

• Identifying assets subject to capital gains tax and applicable reliefs 
   

Corporation Tax 

• Understanding taxation on company profits 

• Calculating corporation tax liabilities for different business structures 
   

Value Added Tax (VAT)  

• Learning about VAT principles, registration requirements, and calculations 

• Understanding the implications of VAT on businesses and consumers