Introduction to Taxation
| Code | School | Level | Credits | Semesters |
| BUSI2186 | Business | 2 | 10 | Autumn UK |
- Code
- BUSI2186
- School
- Business
- Level
- 2
- Credits
- 10
- Semesters
- Autumn UK
Summary
The development, implications and effects of income tax, national insurance contributions, corporation tax, capital gains tax and value added tax on individuals and entities as appropriate, including consideration of different types of income, benefits-in-kind and various types of allowances, reliefs and losses. The importance of tax planning for individuals and businesses. Current issues and developments.
Target Students
Available to all UG Business School students. Not available to students studying BSc Accountancy or BSc Accounting & Business. Not available to students who have/are taking BUSI1027 OR BUSI2038 OR BUSI3049.
Classes
- One 1-hour seminar each week for 3 weeks
- One 2-hour lecture each week for 11 weeks
This module requires a 100 hours of study time Lectures 22 hours Seminars 3 hours Independent study 44 hours Revision 31 hours 100 hours
Assessment
- 100% Examination 1 (2-hour): In person exam
Assessed by end of autumn semester
Educational Aims
The aim of this module is to ensure that students understand the theoretical underpinnings of the UK taxation system, with particular reference to individuals, unincorporated bodies and companies; understand the relationship of this system to Government fiscal policy; appreciate the distinctions between direct and indirect taxes; and can demonstrate the effect of the tax burden on individuals, unincorporated bodies and companies.Learning Outcomes
Knowledge and understanding: This module develops a knowledge and understanding of:
• The dynamic and changing nature of business and the consideration of the future of organisations within the global business environment, including the management of risk
• The management of customer expectations, relationships and development of service excellence.
• The use of accounting and other information systems for planning, control, and decision making.
• The use of accounting and other information systems for managing financial risk.
• The need for individuals and organisations to manage responsibly and sustainably and behave ethically in relation to social, cultural, economic and environmental issues.
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.
• Conceptual and critical thinking, analysis, synthesis and evaluation.
Professional practical skills: This module develops:
• Numeracy and quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena.
• Commercial acumen based on an awareness of the key drivers for business success, causes of failure and the importance of providing customer satisfaction and building customer loyalty.
Transferable (key) skills: This module develops:
• Communication and listening including the ability to produce clear, structured business communications in a variety of media.
• Articulating and effectively explaining information.