Advanced Taxation Theory and Practice
MODULE CODE
CREDIT VALUE
DELIVERY
Module Aims
Aim 1
The module will focus on advanced aspects of UK taxation. It will enable the students to examine and apply the current UK tax rules and analyse how they interact in a range of scenarios. The module will cover the taxation of individuals and corporates.
Module Content
The UK Tax System and its Administration
Income Tax; in particular
Residence
Income from employment
Income from self-employment
Property and investment income
Exemptions, reliefs and losses
National Insurance contributions
Capital Gains Tax; in particular
Scope and calculations
Exemptions, reliefs and losses
Inheritance Tax; in particular
Transfers of value
Life and death calculations
Exemptions and reliefs
Corporation Tax; in particular
Scope and calculations
Groups of companies
Exemptions, reliefs and losses
Value Added Tax; in particular
Scope and calculations
VAT Schemes
Learning Outcomes
On successful completion of this module, a student will be able to:
Teaching Methods
This module will be delivered by way of weekly workshops. The technical content of the module will be delivered, with students then able to apply their knowledge to and work through practice questions.
The style of learning will allow students to become familiar with the type of materials and learning delivery that they will be expected to use as they prepare for the professional examinations after graduation.
The teaching strategy supports this in discussion of assumptions and raising questions of applicability and validity. Group sessions not only develop technical problem-solving skills (in areas that are new to the students) but also encourage students to develop their critical skills.
Assessments may contain problem-solving questions, commentaries on problem-solving situations or discussion essays that demand a critical appraisal of a technique or its application. A choice of questions will normally be given.
Students will draw on and enhance graduate attributes of planning, communication, literacy and analysis and develop confidence and expand their intellectual ability through constructing argument and exploring perspectives. This will aid employability with the accounting profession and careers in general business management. Against this background, the assessment criterion is designed to meet the professional exemption criteria.
Formative feedback on seminar and practice questions is provided to students on a weekly basis, with additional support available in the timetabled Technical Support Workshops.
Assessment Methods
This module is assessed through a Written examinations (25% and 75%)
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Compulsory
