Course Details in 2022/23 Session

Module Title	LI Taxation: Principles and Planning
School	Birmingham Business School
Department	Accounting
Module Code	07 33179
Module Lead	Stephanie Tiller
Level	Intermediate Level
Credits	20
Semester	Semester 2
Pre-requisites
Co-requisites
Restrictions	None
Contact Hours	Lecture-44 hours Seminar-5 hours Guided independent study-151 hours Total: 200 hours
Exclusions
Description	It is essential that accountants have a sound working knowledge of the taxation system to enable them to ensure individuals and businesses comply with the current tax legislation and to allow them to provide accurate tax planning advice. This module introduces students to the current taxation system applicable to individuals, businesses, and companies. Students will learn how to calculate taxation liabilities arising in areas such as personal tax, employment tax, capital taxes, corporation tax and VAT. Students will also have the opportunity to provide tax planning advice in scenarios that reflect those experienced in real life. The different forms of environmental taxes and incentives will be explored, including the rationale for such taxes and their impact. Furthermore, this module will explore the theoretical, ethical, and administrative aspects of taxation..
Learning Outcomes	By the end of the module students should be able to: Describe the theoretical framework of the tax system; the scope and administration of the tax system applicable to individuals and companies; and the implications for non-compliance. Discuss the ethical issues arising in the performance of tax work, particularly around tax avoidance and tax evasion. Apply requirements of tax legislation by preparing computations and calculations in respect of income tax, national insurance, inheritance tax, capital gains tax, corporation tax; and VAT. Appraise the rationale for, and influence of, environmental taxes and incentives. Evaluate a real life-scenario to provide tax planning advice in areas such as: the choice of business form, personal taxation, loss relief, capital gains tax, inheritance tax, capital expenditure or VAT.
Assessment	33179-02 : Individual report : Coursework (50%) 33179-03 : 3 hour Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
Assessment Methods & Exceptions	Assessment: 1,500 Word Individual Report: Coursework (50%); 3-hour examination (Centrally Timetabled) – Written Unseen (50%) Reassessment: Reassessment will be by failed component, as follows: 1,500 Word Individual Report: Coursework (50%); 3-hour examination (Centrally Timetabled) – Written Unseen (50%)
Other
Reading List