This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.
Undergraduate Handbook 2016-2017 (archived)
Module BUSS2151: Introduction to Taxation
Department: Business School (Business) [Queen's Campus, Stockton]
BUSS2151: Introduction to Taxation
| Type | Level | Credits | Availability | Module Cap | Location |
|---|---|---|---|---|---|
| Tied | 2 | 20 | Available in 2016/2017 | Queen's Campus Stockton |
Tied To
- N300: Business Finance with Placement Year (see Undergraduate Handbook 2012-2013 for details)
- N420: Business Finance
- NN34: Accounting and Finance with Placement Year (see Undergraduate Handbook 2012-2013 for details)
- NN43: Accounting and Finance
Pre-requisites
- • ECOS1081: Introduction to Financial Accounting
Corequisites
- None
Excluded Combinations
- None
Aims
- To enable students to understand the general objectives of tax and to calculate income tax, national insurance contributions, capital gains tax, corporation tax and VAT in straightforward scenarios.
Content
- Objectives and types of tax
- Ethics and administration
- Income tax and national insurance contributions
- Capital gains tax and corporation tax on chargeable gains
- Corporation tax
- Value Added Tax (VAT)
- Introduction to overseas aspects of tax
Learning Outcomes
Subject-specific Knowledge
- On completion of this module, students will be able to:
- explain the general objectives of tax, the influences upon the UK system of tax and the different types of tax in the UK.
- recognise the ethical issues arising in the course of performing tax work and identify the obligations the UK system of tax imposes on taxpayers and the implications for taxpayers of non-compliance.
Subject-specific Skills
- On completion of this module, students will be able to:
- calculate the amounts of income tax owed by or owed to individuals and the amounts of national insurance payable.
- calculate the capital gains tax payable by individuals and the chargeable gains subject to corporation tax.
- calculate the corporation tax liabilities of companies.
- calculate the amount of VAT owed by or owed to businesses.
Key Skills
- Written communication
- Planning, Organisation and Time Management
- Problem Solving and Analysis
- Initiative by gaining access to relevant sources.
- Computer literacy
- Self-management and demonstration of ability to sustain effort over an extended period.
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- Learning will be facilitated by lectures, seminars and support for private study.
- Students will be summatively assessed by a combination of examination and assignment.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total Hours | Attendance Monitored |
|---|---|---|---|---|---|
| Lectures | 11 | Fortnightly | 2 hours | 22 | |
| Seminars | 8 | Once per fortnight | 1 hour | 8 | Yes |
| Preparation, fieldwork and reading | 170 | ||||
| Total | 200 |
Summative Assessment
| Component | Component Weighting | Element | Length/Duration | Element Weighting | Resit Opportunity |
|---|---|---|---|---|---|
| Examination | 70% | Examination | 2 hours | 100% | Same |
| Assignment | 30% | Assignment | 3000 words max | 100% | Same |
Formative Assessment
Formative assessment will be by means of a written assignment (1,500 words maximum), which will involve preparation of tax returns.
Students who do not attend monitored activities shown under Teaching Methods
and Learning Hours, or who fail to complete the summative or formative
assessment(s) specified above, may be subject to the Academic Progress
procedures defined in the University's General Regulation V, and may be
required to leave the University.