The module introduces the UK taxation system examining underlying principles and the application of these principles in relation to income tax, corporation tax, capital gains tax, national insurance, inheritance tax and VAT in the UK. The module uses case studies to examine both theoretical and practical application of taxation rules.
Module learning outcomes
Subject content learning outcomes:
Explain the features and functions of the UK taxation system including ethics and administration
Understand the role taxation revenue plays in the UK economy.
Discuss the principles underlying income tax, corporate taxation, capital gains tax, inheritance tax, National Insurance and VAT in the UK
Prepare calculations in relation to income tax, corporation tax, capital gains tax, inheritance tax, National Insurance and VAT in the UK using case study scenarios.
Consider payment dates for taxation liabilities plus due dates for submission of relevant taxation returns.
Academic and graduate skills developed:
Self-management
Information gathering and analysis
Problem solving
Application of numeracy
Independent learning to explore a wide variety of learning sources and opportunities