The aim of this module is to introduce you to calculating the taxable profits of your subsidiary company/companies. It also explains why universities have subsidiary companies, what the tax benefits of subsidiary companies are, and how you can manage them to achieve tax efficiency. It is a follow-up to the Intro to Corporation Tax course.
The aim of this course is to show you how to calculate the taxable trading profits of your university. It will review what is exempt and then focus on calculating non-primary purpose (NPP) trading profit or loss. Before undertaking this course you should complete the Introduction to Corporation Tax course (three modules) as this course relies heavily on knowledge from that course, particularly Module 2: The Exemptions.
This course will introduce the role of the Finance function in HE, what Finance do and why. The course will explore financial rules and regulations, financial reporting standards and financial sustainability. The module then moves on to financial information in HE, starting with the annual finance cycle, then to onto to financial statements and internal financial management.
This course will be helpful to those responsible for dealing with financial transactions in universities, such as budgeting, purchasing or generating income. It provides an overview of how VAT applies specifically in the higher education sector but is not intended to be a fully comprehensive guide.
This course outlines what TRAC is, it's purpose, the key elements of the methodology, and how it is used by institutions. It is intended to be useful for all colleagues involved in TRAC at all levels - even if not directly responsible for working with TRAC data or preparing returns.
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