Tax Return Training | How to do tax return | Apply for a Tax Rebate

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

  • Identify the type(s) of returns that may be completed
  • Understand the duties and responsibilities of a bookkeeper / tax agent when completing self-assessment tax returns
  • Calculating the taxes on profits for Self Employed & on income for Employed individuals
  • Understanding differences between Drawings & Dividends
  • Introduction to UTR and NI Classes
  • Understanding Tax Return submission procedures to HMRC (using 2 individual Scenarios)
  • 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
  • Understanding the procedure for payment and administration of both tax and National Insurance Contributions

Personal Tax Study Options

Classroom Based from our London/Birmingham Campus in UK.

Or Join Online Live through our Virtual learning Campus.

You can also join this course when you book as part of Total Taxation Training or Total Accounting Training Package.

Duration

2 weeks (once a week)

Availability

We run many sessions on Personal Tax courses throughout the year due to increased demand, contact an adviser to find more on our next intake of Tax courses in UK.

Timing

Weekdays and Weekend sessions available

Personal Tax Training Fees

This course is being offered as Classroom based or Online Live based. Finally, please get in touch to find out the course fees and whether you qualify for the course by calling on 0203 608 7179 or fill out the “Get Course Information Kit” form within this page. One of our specialist course adviser will get back to you within 1 working day.

This course could be Free when you book Total Taxation Training or Total Accounting Training Package.

Osborne Training is rated 4.95 stars by Reviews.co.uk based on 176 merchant reviews.

4.95/ 5 Rating
176 Reviews
Excellent training with the well-structured AAT level 2 course, which is easy to follow as well. I have been getting fantastic support right from enrolment itself at Watford institute. Hopefully, i will be doing my next AAT course for level 3 with them. However the website stucks sometimes which, but that's not a big issue for me.
Joined AAT level 4 course in Birmingham after getting a funding for it from my current employer. The tutor support is way better than my previous training provider. I am quite happy that they provide flexible payment options as well, which has made my skill enhancement possible.
Being a full-time working man, it was very unlikely for me to start learning anything new. But i so badly wanted my career to prosper that i opted for sage payroll online course with them. Fortunately i can say it was my right decision. Usually I attend my classes from anywhere and on days when i miss them, i always have the VLC option to go through the recorded sessions. So far a pleasant learning experience.