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Tax Demystified
Rating: 4.3 out of 5(59 ratings)
247 students

Tax Demystified

UK tax explained simply - VAT, Corporation Tax, Personal Tax and Self Assessment
Created byLisa Newton
Last updated 6/2026
English

What you'll learn

  • Understand how UK Personal Tax works including tax codes, allowances, and rates
  • Calculate and interpret National Insurance contributions for employees and the self-employed
  • Complete a Self Assessment tax return accurately and on time
  • Identify VAT thresholds, rates, and filing requirements for your business
  • Understand Corporation Tax - how it is calculated, when it is due, and how to plan for it
  • Set up effective record keeping systems that meet HMRC requirements

Course content

5 sections • 11 lectures • 1h 18m total length

  • Introduction to the course and your tutor4:07

Requirements

  • An interest in understanding the UK tax system is all you need
  • No prior accounting or tax experience required

Description

Tax doesn't have to be terrifying. This course cuts through the jargon and gives you a clear, practical understanding of the UK tax system - so you can stay compliant, avoid penalties, and feel genuinely in control of your finances.

Whether you're self-employed, running a limited company, or simply trying to make sense of your tax code and National Insurance contributions, this course covers everything you need to know without overwhelming you.

What you'll learn:

  • How Personal Tax works - tax codes, allowances, rates, and what they mean for your take-home pay

  • How National Insurance contributions are calculated and what they fund

  • Self Assessment - who needs to file, what to include, and how to avoid common mistakes

  • Record keeping requirements - what HMRC expects and how to stay organised

  • VAT — the thresholds, rates, which services are VATable, and how to register and file

  • Corporation Tax — how it works for limited companies, rates, and key deadlines

  • The computerised options available for managing and filing your taxes efficiently

I've spent over 25 years working with business finances as a bookkeeper and entrepreneur. I know what actually trips people up with tax - and this course is built around those real-world challenges, not textbook theory.

No prior tax knowledge required. If you're interested in understanding the UK tax system, this course is for you.

Enrol today and take the confusion out of tax for good.

Who this course is for:

  • Self-employed people, sole traders, and freelancers navigating tax for the first time
  • Limited company directors who want to understand their tax obligations
  • Business owners, entrepreneurs, and anyone who wants to feel confident about UK tax

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