This certificate level course will enable students to understand the general objectives of taxation and to calculate income tax, national insurance contributions, capital gains tax, corporation tax and VAT in straightforward scenarios.
On completion of this course students will be able to:
Method of assessment
The Principles of Taxation module is assessed by a 1.5 hour computer-based exam. 20% of the marks are allocated from two scenario-based questions. These will each cover a single syllabus area: income tax and NIC, and corporation tax. The remaining 80% of the marks are from 40 multiple choice, multi-part multiple choice, multiple response or numeric entry questions. The pass mark is 55%.
Each ICAEW Certificate classroom course will comprise an integrated teaching and revision phase culminating in a timed mock exam. It will be offered as a combination of weekday and weekend.
All course materials will be provided, including ICAEW mandatory materials and Vale FT course notes.