Level 4 Corporation Tax (for Small and Micro Entities)
Duration: 60-80 Hours
Level: 4
Exams: 1
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.
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
Further details on the learning outcomes, assessment criteria, grading, and more can be found by accessing the ICB’s Level 4 Certificate in Corporation Tax for Micro and Small Businesses Syllabus
If you want to sit the exam at the end of this unit, you need to be an ICB member and hold a current, valid ICB Level 3 qualification.
It is also advisable that you have completed the Level 4 Financial Statements (Micro and Small Businesses) course.
Basic numerical skills and a good understanding of the English language would also be helpful.
Training Link focuses on only three subjects: Accounting, Bookkeeping, and Payroll.
This keeps us focused on delivering the best student experience. And that’s why over the last 27 years we’ve won over 20 awards – from AAT’S Best New Training Provider in 2018 to ICB’s Large Training Provider of the Year for ten years in a row.
Training Link has written and created all of the study material for our ICB courses.
And because we control this material, we can improve it based on student feedback and results. This is what helps Training Link students achieve outstanding pass rates.
The course fee includes:
- Printed workbook containing lessons, examples, tasks, assignments and answers
- Six months unlimited (24/7) access to our online portal
- Materials available online
- Online course assessments
- Online mock exam
- Free postage and packaging within the UK
If you choose to sit the exam at the end of this unit, you would be required to be registered with the ICB first. You would also be required to be qualified to Level 3. To give you the best chance of exam success, it is also advisable that you have completed the Level 4 Financial Statements (Micro and Small Businesses) course as well. You would then contact the ICB to book your exam.
The exam 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.
The Institute of Certified Bookkeepers was established in 1996. They promote the bookkeeping profession, learning and education, and offer qualifications.
The ICB is the largest bookkeeping membership organisation in the world. There are over 150,000 students and members in over 100 countries.
ICB’s certification is based on exams and only the finest professionals are eligible for membership. Members need to maintain their status via Continuous Professional Development.
ICB’s rigorous standards give businesses the confidence that an ICB-certified Bookkeeper will have the highest standards. And that’s why it is a perfect pathway for anyone who wants to become a self-employed bookkeeper.
If you choose to sit the exam at the end of this unit, you would be required to be registered with the ICB first. You would also be required to be qualified to Level 3. To give you the best chance of exam success, it is also advisable that you have completed the Level 4 Financial Statements (Micro and Small Businesses) course as well. You would then contact the ICB to book your exam.
The exam can be taken from home or work and comprises 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.
Tutor support is often overlooked, and whilst it might not be needed at all times, isn’t it good to know that if push comes to shove, you have access to tutor support – Even on a self-study option?
Purchase tutor support when you need it – For one month…or longer, the choice is entirely yours!
You don’t need to decide now. See how you get on, and if you decide that a little support is needed, simply come back here and click the following link…
Self-study book
£80.00
