Programme And Module Handbook
 
Course Details in 2023/24 Session


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Module Title LI Taxation: Principles and Planning
SchoolBirmingham Business School
Department Accounting
Module Code 07 31818
Module Lead Ryan Henderson
Level Intermediate Level
Credits 20
Semester Semester 1
Pre-requisites
Co-requisites
Restrictions None
Contact Hours Lecture-50 hours
Practical Classes and workshops-28 hours
Guided independent study-122 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 31818-02 : Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
31818-03 : Class Test : Class Test (20%)
31818-04 : Group Assignment : Group Assessment - Coursework (30%)
Assessment Methods & Exceptions Assessments:

1,500 Word Individual Report: Coursework (50%)
3-hour examination (Centrally Timetabled) – Written Unseen (50%)

Reassessment:

1,500 Word Report: Coursework (50%)
3-hour examination (Centrally Timetabled) – Written Unseen (50%)
Other
Reading List