Taxation

To check out the next start date / enrolment date for evening courses please view the college website
https://monaghaninstitute.ie/courses/evening-courses/

or contact eveningcourses@cmetb.ie to register or call 087 4054311 or 049 4353904.

Monaghan Institute, Monaghan Education Campus, Armagh Road, Monaghan.

All Level 5 evening courses are free of charge under the Skills to Advance or Skills to Compete initiative.

https://monaghaninstitute.ie/courses/evening-courses/

The purpose of this module is to provide the learner with knowledge and skills of Irish Taxation so that they are able to operate and complete a wide range of Tax systems and procedures.

Learners will be able to:
• Explore the various trading structures through which a business can carry out its activities

• Identify the tax returns that a typical business is required to make including the tax records required for a Revenue audit

• Summarise the general concepts and procedures relating to Value Added Tax (VAT) to include thresholds for VAT registration, procedures for registration, the records required for accurate VAT accounting, VAT rates and the VAT implications of inter-EU trade

• Examine the Corporation tax and Capital Gains Tax obligations applicable to a range of business activities to include tax rates, payment dates and reliefs

• Analyse the tax rules applicable to dealing with contractors and subcontractors, to include an explanation of which rules apply, the calculation of sub-contractor tax liability and the documentation required to complete tax returns relating to contractors

• Summarise the PAYE and PRSI system to include tax credits, standard rate cutoff points, different pay frequencies, the tax treatment of benefit-in-kind, expense claims, disability benefits and maternity payments

• Comment on the general operation of Pension Schemes to include the registration of new employees and the tax treatment of a range of additional pension contributions

• Explore the tax treatment of and procedures relating to a range of tax areas including Director’s Loans, Redundancy Payments and Leases and Hire Purchase of assets

• Appraise the tax advantages and disadvantages of a range of business trading structures

• Access the Revenue’s online tax payment facilities and apply for a range of tax certificates and forms

• Calculate a range of tax payments, reliefs and deductions

• Assist in preparing the Annual Tax Return

• Process the registration of new employees with Pension Schemes

• Contribute to the tax accounting for a range of payments, reliefs and deductions

• Prepare a range of monthly and annual tax returns

5N1421 Taxation

Why study for an Evening Qualification?
- Gain a competitive advantage in the workplace by enhancing your knowledge and skills

- Enhance existing qualifications and CV

- Develop both academically and professionally (enhanced skills such as communication, leadership skills, listening skills)

- Personal development and self-actualisation felt when you obtain a recognised national qualification.

- Develop a personal interest

- Adapt to workplace changes

- Flexible learning – courses are delivered on a part time basis

Charlotte Dunne
Community Education Facilitator (Evening Provision)
Cavan Monaghan ETB
Email: eveningcourses@cmetb.ie
Tel: 049 4353904
Mob: 087 4054311