Taxation

Module Code

ACCU9T6

Semester                           

Spring

Prerequisites                   

ACCU9A1 or LAWU9L1

SCQF Level

9

Credit value

20

Module Co-ordinator   

Mr Christopher Coles

Lecturers                            

Mr Christopher Coles, Professor David Stopforth

Assessment      

40% Course Assessment (2 Class Tests), 60% Examination

Module introduction, aims and objectives

This module provides an introduction to the taxation of income and gains in the UK together with an introduction to personal financial planning and the taxation of investments. It also covers the basic law of trusts.

The main focus of the module is upon the rules applying to determine what is and what is not taxable and how income and gains are measured for tax purposes. There is a particular emphasis on businesses and the computation of tax liabilities of individuals. The administrative system and the operation of the self-assessment is also covered

Learning outcomes and skills developed

After completing the module students should be able to:

  • Describe and illustrate the main rules of the UK direct tax system applying to individuals, partnerships and companies.
  • Identify the appropriate tax law and practice relating to computational problems and thereby calculate the amount of tax liability
  • Practice at additional computational problems
  • State tax rules, in writing, clearly, fully, precisely and concisely.
  • Present and explain a computation to others.
  • Select an appropriate format for clear communication of a tax liability computation.
  • Use their knowledge of taxation to determine the impact of tax factors on decision making by businesses when such matters are considered in other parts of their studies.
  • To understand and apply basic principles of the law of trusts and the taxation of the trustees and beneficiaries.

 Transferrable skills

  • Communication Skills
  • Self Management
  • Inter-Personal Skills
  • Problem recognition and problem solving
  • Maintenance and improvement of numeracy

 Introductory reading

Essential Book: Alan Melville:  Taxation (Finance Act 2014) Pearson.  This book is available as an e-book.


This module information is representative of what is included in the module in a given year. Details of actual reading, lectures and coursework may vary year to year and will be available at the beginning of the semester.

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