Level 4 AAT Professional Diploma in Accounting (Distance Learning) – Unit in Business Tax

Course Overview

Course Type:

Part Time

Available at:

Eastleigh

Course Area:

Business Finance & Travel

Course Duration:

16 Weeks

Available at:

Eastleigh

The Course in Detail

This unit introduces students to UK taxation relevant to businesses. Students will understand how to compute business taxes for sole traders, partnerships and limited companies. They will also be able to identify tax planning opportunities while understanding the importance of maintaining ethical standards.

In learning how to prepare tax computations, students will gain the skills required to apply the tax treatment of capital expenditure and the adjustment of accounting profits for tax purposes. Students will allocate profits to tax years and advise clients on the implications of changing their accounting year end date. In addition, students will allocate profits between partners in a partnership and will calculate National Insurance (NI) contributions for the self-employed, advising clients on the tax implications of making losses.

Students will understand the administrative requirements of UK tax law, including the implications of errors in tax returns, late filing of returns, late payment of tax and not retaining records for the required period. Students will compute tax on the sale of capital assets by companies and will understand the capital gains implications of the sale of a business and the tax reliefs available to businesses.

Tax advice is an important part of many accountancy roles in recognising tax planning opportunities for businesses. Students will discuss the ethical issues facing business owners and managers in reporting their business tax and the responsibilities that an agent has in giving advice on tax issues to business clients.

This unit is optional in the Level 4 Diploma in Professional Accounting.

Entry Requirements & Progression

What You'll Need

Applicants must have achieved a Level 3 accounting qualification. Candidates will be required to attend an interview with the course administrator prior to commencing on the course and demonstrate an appropriate standard of Literacy and Numeracy by way of a short assessment. All elements of the course include a significant amount of writing and literacy skills are as critical as numeracy skills. Basic IT skills will also be required.

This Could Lead to

Once qualified, students automatically become AAT affiliate members and, with relevant work experience, will qualify for AAT full membership, enabling use of the designatory letters MAAT after their name. However, the primary and most important outcome of this qualification is that it can lead to a wide variety of well-paid accountancy and finance jobs, some of which are professional accounting technician, assistant auditor, assistant management accountant, commercial analyst, payroll manager, senior financial officer, accounts payable and expenses supervisor, assistant financial accountant, cost accountant, fixed asset accountant, indirect tax manager, senior fund accountant, senior insolvency administrator, tax supervisor and VAT accountant. The AAT qualification can give qualified students exemptions towards part of the UKs chartered and certified accountancy qualifications.

Availability & Enrolment

College Life & Student Support Services

College is not just about your course – it’s an opportunity to have fun, meet new people and explore your interests! You can socialise with friends in the café and comfy seating areas, join a club or sports team or attend exciting events around the college. Many of our enrichment opportunities are also great on your CV or UCAS application to demonstrate your commitment and enthusiasm outside of your studies.

Your time at college can also be affected by life or health difficulties, and it’s okay to need support. Our specialist teams are here every day to listen and give advice, whether it’s about career planning, financial support, mental health, or something else. And if you have a long-term support need or medical condition, we’ll work with you on personalised learning support to help you achieve your full potential.