Certificate in Taxation – QQI Level 5

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Course Aims and Opportunities

  • This course aims to give participants the knowledge and skills to make self-employed or small business tax returns and is therefore of interest to business owners, self-employed or office staff.
  • The Irish Taxation System, Income Tax and VAT and latest Finance Act regulations are covered.
  • It provides a sound foundation for those who want to progress to higher level accounting, business or taxation courses.
  • The qualification is a good addition to the CV of anyone wishing to improve career prospects in office administration, bookkeeping and accounting.
  • Successful candidates can go on to study other business modules and progress to further qualifications in business or accounting.

Unit 1: Administration

  • Complete all forms in relation to the collection of Income Tax and VAT.
  • Explain the PAYE System, Self-Assessment and Appeals System.

Unit 2: Income Tax

  • Calculate tax for employees and pensioners, self-employed, investment income, interest, Irish rents and dividends
  • Tax credits, reliefs, deductions, charges, cut-off points and benefits-in-kind.
  • Taxation of married couples
  • Calculate tax due for a self-employed individual, adjusting profits,capital allowances, tax due and payment dates.
  • PRSI for employees and self-employed.

Unit 3: VAT in the Irish Context

  • Administration, when it is chargeable, registration, cash receipts basis, invoice basis, bad debts.
  • VAT 3 and Annual Return
  • Monitor and implement the latest Finance Act

Course Work

  • Assignment 1 – VAT (15%): Candidates are given a scenario of sales and purchases of a small business and are asked to complete the VAT 3 Return from a series of documents and information.
  • Assignment 2 – PAYE (15%): Candidates are given the scenario of a small business where they have to calculate and administer the payroll for staff and directors.
  • Assignment 3 – Income Tax (20%): Candidates are given the scenario of a small business and are to prepare a first set of accounts and a second set of accounts. They are to calculate Schedule D Case 1 Tax Adjusted Profits and Income Tax, USC payable on all sources of income.
  • Examination (50%).

Entry Requirements
QQI Level 4, Leaving Certificate or equivalent qualifications and/or life or work experience.  Basic Payroll and Bookkeeping an advantage.

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