Personal Tax Return and Self Assessment Accounting training Course

Description

Personal Tax Return and Self Assessment Accounting training Course Overview:

Most self-employed people and directors of companies have to do submit a 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 an external agent. Don't forget You can also save more money as you will know more about how to apply for a tax rebate. According to statistics, more than 60% of taxpayers not sure how to do tax return correctly and lose money for not knowing how to apply for a tax rebate correctly.

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

How to do a tax return?

Firstly, you need to be registered with HMRC to process your tax return. You should get a 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 them electronically to HMRC. The deadline for submitting a 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.

The most possible scenarios are:

• When you pay more tax than required
• Submitting an 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.

Certificate of Attendance