Tax accounting may not inspire party invitations, but it's essential to every business and individual navigating finances in the UK. This diploma unpacks tax systems, self-assessment, PAYE, National Insurance, and accounting statements—all without sending you into spreadsheet despair.
You'll explore the connection between double-entry accounting and tax records, and walk through how income tax and payroll integrate into the wider financial landscape. With a solid understanding of the UK tax system, you’ll be better prepared to handle fiscal matters without crossing HMRC.
Learning Outcomes:
- Understand UK tax systems and their administrative structures.
- Prepare self-assessment and individual tax calculations correctly.
- Apply payroll principles including PAYE and National Insurance.
- Read and interpret income statements and balance sheets.
- Use double-entry accounting methods for tax record management.
- Review tax-related career options across the accounting industry.
Who is this Course For:
- Individuals interested in tax-focused accounting roles.
- Admin staff involved in payroll and tax calculations.
- Accountants seeking structured training on UK tax rules.
- Bookkeepers managing self-assessment and payroll entries.
- Jobseekers pursuing income tax or payroll-based roles.
- Professionals reviewing balance sheets for tax purposes.
- Students preparing for finance and tax administration work.
- Business owners handling their own tax submissions.
Career Path:
- Tax Accountant – £37,000/year (average UK salary)
- Payroll Officer – £30,000/year
- Tax Assistant – £29,200/year
- Accounts Payable Clerk – £26,500/year
- Self-Assessment Adviser – £28,400/year
- VAT and Tax Administrator – £27,300/year
