Module BUSS2151: Introduction to Taxation

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

BUSS2151: Introduction to Taxation

Tied To

• N204: Accounting and Management with Business Placement
• N206: Accounting and Management with Study Abroad
• N302: Accounting and Finance with Business Placement
• N304: Accounting and Finance with Study Abroad
• N305: Finance
• N306: Finance with Business Placement
• N307: Finance with Study Abroad
• N401: Management Accounting
• N402: Financial Accounting
• N403: Financial Accounting with Business Placement
• N404: Management Accounting with Business Placement
• N405: Financial Accounting with Study Abroad
• N406: Management Accounting with Study Abroad
• NN42: Accounting and Management
• NN43: Accounting and Finance

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
• Value Added Tax (VAT)
• Introduction to overseas aspects of tax

Learning Outcomes

• 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.

• 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.

• 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

Summative Assessment

Formative Assessment

Formative assessment will be by means of an online test which will involve preparation of tax returns.