Undergraduate Programme and Module Handbook 2024-2025
Module ACCT1121: Principles of Taxation
Department: Accounting
ACCT1121: Principles of Taxation
| Type | Tied | Level | 1 | Credits | 20 | Availability | Available in 2024/2025 | Module Cap | None. | Location | Durham |
|---|
| Tied to | N408 |
|---|---|
| Tied to | N409 |
| Tied to | N410 |
| Tied to | NN43 |
| Tied to | N302 |
| Tied to | N304 |
| Tied to | NN42 |
| Tied to | N204 |
| Tied to | N206 |
| Tied to | N305 |
| Tied to | N306 |
| Tied to | N307 |
Prerequisites
- None
Corequisites
- None
Excluded Combination of Modules
- 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 basic scenarios.
- To enable students to prepare tax computations and provide tax advice to individuals and companies in basic scenarios.
Content
- Objectives and types of tax
- Ethics, law and administration
- Income tax and national insurance contributions
- Capital gains tax
- Corporation tax
- VAT
Learning Outcomes
Subject-specific Knowledge:
- On completion of this module students should:
- 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 familiar with capital gains tax, income tax, national insurance, corporation tax and VAT.
Subject-specific Skills:
- On completion of this module students should:
- Be able to calculate the amounts of income tax owed by or owed to individuals
- Be able to calculate the capital gains tax payable by individuals
- Be able to calculate the corporation tax liabilities of companies
- Be able to calculate the amount of VAT owed by or owed to businesses
- Be able to calculate the amount of national insurance payable by individuals and businesses
- Be aware of ethical tax practice
Key Skills:
- Skills in data handling and synthesis
- Problem solving, organisation and time management
- Presenting information effectively
- Verbal and written communication
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 blended learning materials, workshops and independent study; workshop activities and discussions will provide technical awareness of topics in a comprehensive form.
- Formative assessment will provide feedback to students regarding their ability to practice taxation in different scenarios and contexts.
- The summative timed invigilated exam addresses students’ understanding of the main tax concepts and technical treatments.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total/Hours | |
|---|---|---|---|---|---|
| Workshops | 20 | 2 per week | 2 hours | 40 | ■ |
| Preparation, Reading and Independent Study | 160 | ||||
| Total | 200 |
Summative Assessment
| Component: Examination | Component Weighting: 100% | ||
|---|---|---|---|
| Element | Length / duration | Element Weighting | Resit Opportunity |
| In-person Written Examination | 2 hours | 100% | same |
Formative Assessment:
Practice test
■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University