Personal Tax Training on Tax Return and Self Assessment

How to do tax return

Firstly, you need to be registered with HMRC to process your tax return. You should get an UTR (Unique Tax Reference) no, which is your personal identification no for tax purpose. Once you have details for all incomes and expenditure, you can submit electronically to HMRC. The deadline for submitting personal tax return is 31 January for the previous tax year.

Apply for a Tax Rebate

It is possible that you could be eligible for a tax rebate.

Most possible scenarios are

  • When you pay more tax then required
  • Submitting incorrect tax return
  • Claiming special Tax relief

There could be many more reasons why should you get a tax refund. It is vital to know the scenarios under which you should apply for a tax rebate.

Why Should I join Personal Tax Training

Most self employed people and directors of companies have to do submit Tax Return every year. If you are a self employed person you may learn how to do tax return yourself. As a result you can save money by not having to pay to an external agent. Don’t forget You can also save more money as you will know more on how to apply for a tax rebate. According to statistics, more than 60% of taxpayers not sure how to do tax return correctly and loose money for not knowing how to apply for a tax rebate correctly.

If you want to offer tax services to general public, then skills on this sector can dramatically improve your job prospect or business prospect.

Training Content

  • Preparing Income & expenditure accounts for Self Employed individuals
  • Finalizing the accounts for Self Employed individuals
  • Analysing the accounts for Self Employed individuals
  • Calculating the taxes on profits for Self Employed individuals
  • Tax planning for Self Employed individuals based on the taxes on accounts
  • Understanding differences between Drawings & Dividends
  • Efficient Tax Planning
  • Introduction to UTR and NI Classes
  • Understanding Tax Return submission procedures to HMRC
  • Analysing Class 2 & Class 4 NIC
  • Analysing Personal Allowance
  • Analysing Income from Self Employments
  • Employment benefits Analysis
  • Analysis of Car & Fuel benefits
  • Analysis on savings and investment income and tax implications on them.
  • Introduction to Capital Gains Tax analysis
  • Introduction to Inheritance Tax Analysis

Personal Tax Study Options

Classroom Based from our Stratford, London Campus. Alternatively, joint the course online as part of Total Taxation Training or Total Accounting Training

Duration

2 weeks (once a week)

Availability

Any time of the year

Timing

Weekdays and Weekend sessions available

Personal Tax Training Fees

This course is being offered in Classroom based. Please inquire to find out the fees on 0203 608 7179 or fill the “Get Course Information Kit” form within this page. We’ll get back to you within 24 hours.

Or get Free Personal Tax training when you book Total Taxation Training or Total Accounting Training Package.