Tax Compliance
| Code | School | Level | Credits | Semesters |
| BUSI2038 | Business | 2 | 20 | Spring UK |
- Code
- BUSI2038
- School
- Business
- Level
- 2
- Credits
- 20
- Semesters
- Spring UK
Summary
Income tax; Inheritance tax; national insurance contributions; corporation tax; capital gains tax (individuals); value added tax and stamp taxes; ethics and law
Target Students
BSc Hons Accountancy students.
Classes
- One 2-hour seminar each week for 3 weeks
- One 2-hour lecture each week for 15 weeks
15 two-hour lectures and 3 two-hour seminars. Please note all non-lectures will be timetabled in the Business School
Assessment
- 100% Examination 1 (2-hour-30-minute): An invigilated exam (ICAEW accredited). 4 compulsory questions- 2 on income tax and corporate tax; 2 on remaining taxes.(has to be invigilated; ICAEW strategic paper)Reassessment of this module is 100% exam
Assessed by end of spring semester
Educational Aims
To develop students' understanding of income tax, national insurance contributions, capital gains tax, corporation tax, inheritance tax and value added tax rules and enable students to prepare tax computations for individuals and companies in straightforward scenarios. The module builds on N11902 Principles of Taxation knowledge.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
• The need for individuals and organisations to manage responsibly and sustainably and behave ethically in relation to social, cultural, economic and environmental issues
• 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