There’s a MOOC for that!
As a young adult, finding a job is the first step to financial independence. And with this, comes income tax. However, do you know how tax affects you? If you don’t, TAXEDU has a course for you.
The TAXEDU portal, a European Union pilot project to educate young European citizens about tax and how it affects their lives, brings Taxes in our life – a massive open online course (MOOC) for young adults.
This is an online course that aims to help young adults learn more about tax and how it affects them. The advantage of this course is that it’s informative and also free and flexible. This means it can fit around one’s life – making it perfect for those with busy schedules.
The course does not follow a set schedule, so young adults can complete it at their own pace. All they need is access to the internet and an eagerness to learn about tax.
Four chapters
The MOOC provides young adults with information on tax that is relevant to this phase of their lives. It comprises five chapters.
In the first chapter, learners will gain a better understanding of income tax and employment income. They will also learn about the negative effects of shadow and grey economy on individuals as well as the role of social security contributions paid by employees.
By the end of chapter two, participants will have a good representation of the concept of intellectual property and micro-company. They will also have a better understanding of the dissimilarities between different types of taxes, what VAT and the MOSS scheme are, as well as a brief description of an applicable taxing incentive.
Chapter three helps learners with their understanding of what employment relationship is and develop their ability to identify how income tax applies. Further to this, they will be able to identify the impact of social security contributions on employment income and how to avoid double taxation. Learners will also be able to define the concept of employment income.
In chapter four, the notion of self-employed people will be explored alongside the taxation rules that surround them. Learners will also discover how to avoid double taxation as a self-employed person and how the VAT functions for self-employed people.
Chapter five is an assessment. Learners will have the opportunity to reflect and apply what they have learned about tax throughout the course.
How to enrol
Enrolling in the Taxes in our life MOOC is easy. Click on TAXEDU’s Training Catalogue and find the link to “Iversity”. Click the “enrol” button and follow the simple instructions to get started.
Thanks to the TAXEDU portal, learning has never been easier. What are you waiting for? Go and enrol now and learn about how taxes affect you as a young adult.