AC5007: Taxation: principles and practice

Please note this module descriptor is indicative of the structure of this course and may be subject to change.

AC5007: Taxation: principles and practice

Module Title Taxation: principles and practice
Module Code AC5007
Module Tutor Chris Wiltshire
School School of Business and Technology
CAT Points 15
Level of Study 5
Brief Description

This module examines the theoretical background of the UK taxation system and provides students with a practical introduction to the major taxes.

Indicative Syllabus

An evaluation of the purpose and constraints of the UK taxation system and an introduction to the structure and operation of income tax, corporation tax and value added tax.

Learning Outcomes

A student passing this module should be able to:

1.       Evaluate the political and economic constraints which determine the nature of a taxation system; (PLO1)

2.       Demonstrate familiarity with key technical taxation terms; (PLO2)

3.       Understand and communicate the key principles and concepts which underpin the design of the UK tax system; (PLO2, PLO8)

4.       Apply the rules of income tax to tax computations for individuals and sole trader businesses; (PLO3)

5.       Determine and compute the tax liability of corporations; (PLO3)

Evaluate the UK’s principal indirect tax, VAT, and calculate VAT for taxable persons. (PLO3)

Learning and Teaching Activities Scheduled Contact Hours: 30
Independent Learning Hours: 120
Assessment (For further details see the Module Guide) 001: 50% Coursework: Individual, standard written: 1500 words or equivalent
002: 50% Written Exam: End of module, unseen, closed book: 2.00 hours
Special Assessment Requirements
Indicative Resources The current reading list can be found in the Module Guide, which your lecturer should make available via Moodle.

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