Advanced Taxation
| Code | School | Level | Credits | Semesters |
| BUSI3203 | Business | 3 | 10 | Autumn UK |
- Code
- BUSI3203
- School
- Business
- Level
- 3
- Credits
- 10
- Semesters
- Autumn UK
Summary
More complex issues in income tax, national insurance contributions, corporation tax, capital gains tax and value added tax on individuals and entities; inheritance tax theory and practice; interaction between different taxes; international tax issues; more complex tax planning considerations; current issues and developments.
Target Students
All undergraduate business school students meeting the prerequisites. It should be stressed that this module is not available to any students who have taken any of Principles of Taxation (BUSI1027), Tax Compliance (BUSI2038) or Business Planning: Taxation (BUSI3049), or would do so as part of BSc Accountancy/BSc Accounting and Business. Students should be aware that Introduction to Taxation is a prerequisite for this module, so if they wish to take Advanced Taxation, Introduction to Taxation should be taken in Year 2. The two modules cannot be taken in the same semester.
Classes
- One 1-hour seminar each week for 3 weeks
- One 2-hour lecture each week for 11 weeks
Assessment
- 100% Examination 1 (2-hour): In person exam
Assessed by end of autumn semester
Educational Aims
The aim of this module is to progress students’ learning from their first tax module, Introduction to Taxation, with consideration of more complex issues in income tax, national insurance contributions, corporation tax, capital gains tax and value added tax; and with the inclusion of inheritance tax and international topics to demonstrate the interaction between taxes and the further complexities of tax planning and the tax burden for individuals and entities, as appropriate.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