Principles of Taxation

Code

BUSI1027

School

Business

Level

1

Credits

10

Semesters

Autumn UK

Summary

Introduction to income tax; employment income; national insurance contributions; corporation tax; trading profits and basis of assessment; capital allowances; capital gains tax (individuals); value added tax

Target Students

BSc Hons Accountancy students.

Classes

• One 1-hour seminar each week for 3 weeks
• One 2-hour lecture each week for 11 weeks

11 two-hour lectures and 3 one-hour seminars.

Assessment

• 100% Exam (2-hour): Exam (ICAEW accredited)

Assessed by end of autumn semester

Educational Aims

Learning Outcomes

Knowledge and understanding
This module develops a knowledge and understanding of:
• The main current technical language and practices of accounting in a specified socio-economic domain

Intellectual skills
This module develops:
• The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions
• The ability to analyse and evaluate a range of business data, sources of information and appropriate methodologies, which includes the need for strong digital literacy, and to use that research for evidence-based decision-making
• The ability to analyse and draw reasoned conclusions concerning structured and, to a more limited extent, unstructured problems from a given set of data and from data which must be acquired by the student.

Professional practical skills
This module develops:
• Numeracy and quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena

Transferable (key) skills
This module develops:
• Articulating and effectively explaining information

Conveners

• Mrs Lara Gee