Course Resources Archive
AC5007: Taxation: principles and practice
| Module Title | Taxation: principles and practice |
|---|---|
| Module Code | AC5007 |
| Module Tutor | Rhian Dow |
| School | Accounting and Law |
| CAT Points | 15 |
| Level of Study | 5 |
| Pre-requisites | None |
| Co-requisites | None |
| Restrictions | Cannot be counted with ACC207 |
| 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: 2000 words or equivalent 002: 50% Written Exam: End of year, unseen, closed book: 2.00 hours |
| Special Assessment Requirements | |
| Indicative Resources | The Library Catalogue contains full details of the current reading list for this module. Further details may also be found in the Module Guide. |
Company Registration Number 06023243. VAT Number GB 886 1439 87.
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