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Demystifying Your Personal Tax Return

The only course you need to prepare your own personal tax return for HMRC
4.6 (24 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
3,078 students enrolled
Created by Emily Cheshire
Last updated 11/2015
English
Free
Includes:
  • 1 hour on-demand video
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
Calculate their self employed income
Understand how to register for Self-assessment
Be aware of the filing deadlines
Feel confirdent in submitting your own personaltax return to HMRC
View Curriculum
Requirements
  • This course is at a beginner level and no knowledge is assumed
  • All the course materials are provided as lecture resources throughout the course
Description

Do you have to submit your personal tax return to HMRC by January the 31st deadline?

Does the thought of doing a tax return seem daunting and do you at times struggle to understand what information they are asking?

This course will teach you the elements of a tax return in simple to understand language.

This Course Really Does Make Submitting Your Personal Tax Return Easy!

What does the course include:

  • Over an hour of videos and 14 lectures
  • Free downloadable business expense template and profit calculator
  • A walk-through example of completing a tax return
  • A breakdown of the common entries in a tax return
  • Learn how to calculate your self employment income
  • Learn what expenses you can claim for


I am a chartered accountant working in practice and have discovered that many people who work for themselves find submitting their tax return a daunting experience - especially if it is the first year!

The tax return is actually very simple to submit in the majority of cases and I will show you what you need to include in each section of the return as we go along.

How is the course taught?

This course is taught via a series of videos and at the end of the course we actually go through a full tax return so you can understand where you input all the information you have learned throughout the course.


Upon completing this course you will be able to submit your own tax return (without the cost of an accountant) and feel confident at calculating your own self employed income and expenses.


Who is the target audience?
  • This course is for people who need to submit a personal tax return to HMRC
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Curriculum For This Course
Expand All 14 Lectures Collapse All 14 Lectures 57:16
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Introduction
1 Lecture 01:36

At the end of this lecture you will know whether this course is the right one for you!

Introduction
01:36
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Registration & Important Dates
2 Lectures 03:49

This lecture will teach you how to register with HMRC for the self assesment tax return and what information you will need to do so.

Register With HMRC
02:25

We explain the important tax deadlines for your diary so you can make sure everything is submitted and paid on time, helping you to avoid some nasty fines.

Important Dates
01:24
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What to include on your tax return
4 Lectures 12:50

At this end of this lecture you will have knowledge of the types of income and expenses which are required to be included on your own personal tax return.

What Should Be Included On Your Tax Return?
04:56

Learn how to calculate your self employed business profit.

Calculating Your Self Employed Business Profit
02:33

Learn what cash accounting is and whether you meet the requirements set by HMRC to use this method for calculating your business profit.

Cash Accounting
02:14

Gain an undrestanding of what accrual accounting is and how it should be calculated.

Accrual Accounting
03:07
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Expenses
1 Lecture 10:44

Explore the types of expenses that you are permitted by HMRC to use in your profit calculations.

Business Expenses
10:44
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Capital Allowances
1 Lecture 03:30

Learn about what capital allowances are, what HMRC allows you to do with them and how they affect your tax return.

Capital Allowances
03:30
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Other Tax Return Items
2 Lectures 04:25

Learn how to calculate property income and how to treat property losses.

Property Income
02:14

Learn why these should be included on the tax return and how they are beneficial.

Charitable Donations & Pensions
02:11
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Losses
1 Lecture 01:50
Losses
01:50
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Let's Go Through A Tax Return
1 Lecture 17:29

Let's finally have a look at a tax return going through it box by box so you can feel confident completing your own personal tax return.

Let's Go Through A Tax Return
17:29
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Conclusion
1 Lecture 01:03

You should now feel confident to go ahead and complete your own personal tax return.

Conclusion
01:03
About the Instructor
4.6 Average rating
99 Reviews
7,434 Students
4 Courses
Chartered accountant and entrepreneur

Emily is a chartered accountant who has ran successful accountancy practices.  She is a cloud accounting expert.

Emily is currently a self-employed financial consultant and management accountant.

She has a vast breadth of experience working in a variety of industries but specialises in digital creatives and start-up companies.

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