Tax Demystified

Name: Tax Demystified
Rating: 4.6 (32 reviews)

The Basics of Vat, Corporation Tax, Personal Tax & Self Assessment in the UK

(32 ratings)

126 students

Created by Lisa Newton

Last updated 2/2017

English

English [Auto]

What you'll learn

Understand Personal Tax, Self Assessment, Corportation Tax and VAT - the rates, who it effects, deadlines, how to register and general overview of the UK system

Requirements

Student need to have an interest in learning about the tax system in the UK

Description

This course explains the basics of 4 types of UK taxes: VAT (Value Added Tax), Corporation Tax, Personal Tax and Self Assessment. We cover who needs to register, by when, deadlines, filing penalties, how to register, rates of tax and also National Insurance.

For VAT we look at the different VAT schemes available, which services are vatable, the VAT threshold, the different rates of VAT, how VAT is filed, where you go to register for VAT and when etc.,

For corporation tax - we look at who is affected by it, the rate, where to go to register, the filing deadlines and penalties, the obligations and the relationship between HMRC and Companies House. etc.,

For Self Assessment - we look at who is affected, late filing penalties, where to register, what records to keep and for how long etc.,

For employed people - we cover the tax rates and National Insurance Rates - and the different types of classes of National Insurance, that exist, when they apply and when they don't.

Who this course is for:

Entrepreneurs, business owners, self employed, those who need to have an overal general understanding of the UK tax system

Lisa Newton

Entrepreneur, Infopreneur & Serial Author

4.0 Instructor Rating
3,318 Reviews
18,288 Students
89 Courses

Lisa Newton BA MSc AAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing. She formed her first company in 2004 with £150 in the same month of graduating from City University, London UK. Lisa has never had a full time 9 to 5 job in her life. She's a serial entrepreneur and author who holds directorships in various industries including telecoms, property management, publishing, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007, in 2008 Enterprising Business Award, in 2016 BE Mogul Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award. In 2015 and 2017 one of her companies won Best Bookkeeping Business London (Accountancy International Awards).

Lisa's books include: How to write a book in two weeks, Constant Cashflow, Make the most of your money, How to start your own bookkeeping business, Cosmic ordering with Vision Boards, How to Franchise Your Business and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.

Lisa hosts her own show The Authors Podcast which can be found on the iTunes channel.

Lisa supports the charity The MS Society. A speaker, coach, consultant and an avid networker, Lisa enjoys meeting people and working on projects with like-minded individuals.

In her spare time, Lisa likes traveling, dancing salsa, writing books, learning languages, meditation, yoga and cosmic ordering.