Module ECOS2181: PRINCIPLES OF TAXATION

Department: Business School (Economics and Finance) [Queen's Campus, Stockton]

ECOS2181: PRINCIPLES OF TAXATION

Tied To

• N400: Accounting

Pre-requisites

Corequisites

Excluded Combinations

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
• VAT

Learning Outcomes

• Have an understanding of the general objectives of tax, the influences upon the UK system of tax and the different types of tax in the UK
• Have an appreciation of the ethical issues arising in the course of performing tax work and be able to identify the obligations the UK system of tax imposes on taxpayers and the implications for taxpayers of non-compliance

• Be able to calculate the amounts of income tax owed by or owed to individuals and the amounts of national insurance payable
• Be able to calculate the capital gains tax payable by individuals and the chargeable gains subject to corporation tax
• Be able to calculate the corporation tax liabilities of companies
• Be able to calculate the amount of VAT owed by or owed to businesses

• Skills in data handling and synthesis
• problem solving skills
• critical analysis and judgement skills
• consultancy and advisory skills

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• Learning will be based on knowledge transfer from lectures, seminars and personal study; investigation of cases and real world organisations which will underpin the seminars will encourage students to develop awareness of cultural differences and apply these to the development of their skills in managing themselves and others in such contexts.
• Seminar activities and discussions will provide technical awareness of the topics in a comprehensive form.
• Formative assessment will provide feedback to students regarding their understanding of the main concepts and technical treatments.
• Background research on the relevant concepts will provide the ground for critical review of different ethical behaviours to meet tax obligations; this will be examined through the summative assignment.
• The examination will address students' understanding of the main concepts and technical treatments through problem solving and reflection on learning.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

Mock exam