Advanced Taxation 2

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• the taxation for unincorporated businesses;
• the professional responsibilities and Ethics for tax practitioners;
• the taxation of cross boarder taxation.
• the implications of capital taxes in practice;
• the taxation of major corporations;
• the implications of individuals’ taxation and National Insurance Contributions in practice;

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• demonstrate (both in writing and using calculation) intellectual skills associated with analysis, application and critical evaluation of taxes in practice, and their effects on individuals, businesses and society.
• prepare computation for the main UK taxes in practice and use this calculation to provide an objective, correct written tax advice for potential client;

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• demonstrate learning, problem solving, and numeracy skills;
• communicate ideas and argument fluently and effectively in a variety of written forms.

Introduction (professional responsibilities and Ethics for tax practitioners).

Taxation for unincorporated businesses.

Advanced Personal taxation and National Insurance Contributions

Advanced Capital Gains Tax.

Inheritance Tax for trusts

Taxation of businesses (partnerships, companies, and multi-national entities).

Advanced VAT and excise duties

International taxation contemporary issue.

Teaching and learning methods

The module will commence with include a mix of weekly lectures, classes, guest lecture and practical sessions Selected exercises will be used to provide formative feedback to students. Additional exercises and reading will be set for private study.

Resources & Reading list

Internet Resources

HM Revenue and Customs website.

ICAEW Blogs and Discussions – Tax News.

The ACCA Global Forum for Taxation.

Textbooks

Schanz, D, Schanz, S (2011). Business Taxation and Financial Decisions. Berlin Heidelberg: Springer-Verlag.

Lymer & Oats (2019). Taxation: Policy and Practice, 2019-20 ,26th ed. Fiscal Publications.

James S & Nobes C (2019/2020). The Economics of Taxation ,19th ed. Fiscal Publications.

Miller and Oats (2014). Principles of International Taxation ,4th ed. Bloomberg publication.

Melville, A. (2019). Taxation: Finance Act 2019 (25th edition). Harlow: Pearson.

Combs, Dixon and Rowes (2019). Taxation – Incorporating the 2019 Finance Act ,38th ed. Fiscal Publications.

Hayes, C. & Newman, R. (2018). Tolley's Tax Guide 2019-20. Tolley.

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Multiple choice question

• Assessment Type: Formative
• Feedback: Feedback will include verbal feedback about the theory behind each question and an individual written feedback if you have submitted your pre-designed answer sheets.
• Final Assessment: No
• Group Work: No

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.

Repeat Information

Repeat type: Internal & External