ICB Level 4 Corporation Tax for Small and Micro Entities *Exam Fee Included*

On successful completion of this qualification a candidate will be able to identify the duties and responsibilities of a tax agent and the elements of a corporation tax return. The candidate will be able to understand the administration and payment deadlines involved in corporation tax as well as calculate adjusted trading profits, relevant capital allowances and taxable total profits. The qualification will provide the skills to complete relevant sections of a corporation tax return and calculate gains, losses and available reliefs.

  • Exam Fee Included

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Prerequisites

You need to have completed the Level 4 Financial Statements (Micro and Small Businesses) course before enrolling on this course.

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0% finance available – provided by divido

£39.00 deposit

12 monthly payments of £28.00

Offer Price £375.00, saving £25.00

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The Level 4 Certificate in Corporation Tax for Small and Micro Entities includes:

  • 1 x Workbook containing lessons, examples, tasks and assignments
  • 6 x course assessments
  • Additional resources for revision purposes
  • Award winning qualified priority tutor support by e-mail and telephone
  • Mock exam with tutor feedback
  • Free Postage and packaging
  • FREE access to ICB’s award-winning membership benefits scheme, ICBenefits

Chapters

  • Chapter 1: Underpinning Knowledge
  • Chapter 2: Calculate Adjusted Trading Profits
  • Chapter 3: Capital Allowances
  • Chapter 4: Profits Chargeable to Corporation Tax for an Incorporated Business under FRS105 and FRS102 Section 1A
  • Chapter 5: Gains, Losses and Reliefs
  • Chapter 6: Payment and Administration

Click on the Course Content Tab above for a more detailed overview.

Exam Fee Included

Prerequisites

You need to have completed the Level 4 Financial Statements (Micro and Small Businesses) course before enrolling on this course.

Duration

Approximately 80-100 hours of average active study time.

This qualification will enable the candidate to carry out the role of an employed or self-employed bookkeeper, and/or tax agent, submitting relevant documents to both Companies House and HMRC on behalf of clients or employers for limited liability entities in accordance with FRS105 and FRS102 Section 1A.

Learning Outcomes

Underpinning Knowledge

  • 1.1 Understand the duties and responsibilities of a Tax Agent
  • 1.2 Understand what is meant by an accounting period for Corporation Tax purposes

Calculate Adjusted Trading Profits

  • 2.1 Understand the purpose of adjusted trading profits and identify disallowable expenditure
  • 2.2 Compute adjusted trading profit for the period

Capital Allowances

  • 3.1 Understand the nature and purpose of capital allowances
  • 3.2 Prepare a computation for capital allowances

Calculation of Profits Chargeable to Corporation Tax

  • 4.1 Understand Taxable Total profits
  • 4.2 Determine the Corporation Tax Liability
  • 4.3 Complete a CT Return

Gains Losses and Reliefs

  • 5.1 Understand the procedure for determining gains and losses
  • 5.2 Apply reliefs, deferrals and exemptions
  • 5.3 Distinguish between Trading and Non-Trading Losses

Payment and Administration

  • 6.1 Understand the process of payment and administration

This can be taken from home or work, and comprises of one 24 hour exam. You will have 2 weeks from when you receive the exam to take it. Once activated you will have 24 hours to complete it.

We will pay for the cost of your exam (up to the value of £85.00) with this package. The cost of exams can increase at the discretion of the awarding body (ICB). We will pay for all exam fees up to the agreed value at the time of purchase, but any increase in exam fees will need to be paid for by the student.

Grading

The qualification will be graded at Distinction, Merit or Pass.

This assessment is a home or work place based assessment and will be graded as follows:

  • Distinction 95 -100%
  • Merit 90 – 94%
  • Pass 85 – 89%
  • Fail 0 – 84%

*Examination conditions may be subject to change at the discretion of the awarding body.*

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