How is it Taxed? - The Taxation of Different Legal Entities in the UK

Course level

Introductory

Delegates

Trainee lawyers, newly qualified lawyers, paralegals, legal executives, other non-legal professionals and individuals who are thinking of setting up a business and who would benefit from acquiring a basic understanding of the different legal entities available for running a business in the UK and the taxation implications of those entities.

Overview

Setting up a business is a major decision for any individual. To help ensure the success of a business, choosing the right business entity can be vitally important and taxation is often one of the major factors in deciding which form of business to adopt. This interactive half day course provides delegates with a basic working knowledge and understanding of the different forms of business and how they are taxed in the UK. Worked examples and case studies will be used to demonstrate how different business entities are taxed. This course will constitute essential learning for anyone needing to advise clients on the types of entities that can be used to operate a business and the tax implications of those entities.

No prior knowledge is required or assumed.

By the end of this course you will be able to:

• Appreciate the different forms of business available when deciding how to operate a business
• Consider the tax implications of setting up a business as a sole trader
• Understand how limited companies are taxed
• Understand how partnerships are taxed
• Understand how limited liability partnerships are taxed
• Appreciate the general tax considerations when choosing a business entity
• Identify the basic tax implications when converting from one business medium to another

"A CPD certificate of completion will be provided by BPP Professional Education Limited upon request, following attendance."