Module ACCT2161: Personal Taxation

Department: Accounting

ACCT2161: Personal Taxation

Tied To

• N204: Accounting and Management with Placement Year
• N206: Accounting and Management with Study Abroad
• N302: Accounting and Finance with Placement Year
• N304: Accounting and Finance with Study Abroad
• N311: Accounting and Finance
• N312: Accounting and Finance with Placement Year
• N408: Accounting
• N409: Accounting with Placement Year
• N410: Accounting with Study Abroad
• NN42: Accounting and Management
• NN43: Accounting and Finance

Pre-requisites

Corequisites

Excluded Combinations

Aims

• To provide an understanding of the operation and scope of UK taxation and of how to calculate different taxes relevant to individuals.
• To enable students to prepare tax computations and provide tax advice to individuals in straightforward scenarios.

Content

• The UK tax system and its administration
• Ethics of tax advice
• Personal income tax
• National insurance contributions
• Capital gains tax for individuals
• Inheritance tax

Learning Outcomes

• 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 that are relevant to individuals.
• 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 various types of tax (see content).

• On completion of this module, students should:
• Be able to calculate and explain the amounts of income tax owed by or owed to individuals
• Be able to calculate and explain the amount of national insurance payable by individuals and their employers
• Be able to calculate and explain the capital gains tax payable by individuals
• Be able to calculate and explain the inheritance tax liabilities of individuals

• 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 lectures, workshops and independent study. Lectures and workshop activities and discussions will provide technical awareness and application of topics in a comprehensive form.
• Formative assessment will provide feedback to students regarding their progress on the module.
• The summative timed invigilated examination addresses students’ understanding of the main tax concepts and technical treatments.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

Practice Questions