AF4D114 - Advanced Taxation 01 Sep 2018 - 31 Aug 2026 | Version 1
Associated Module Information
| Module Code: | AF4D114 | ||
|---|---|---|---|
| Module Title: | Advanced Taxation | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Accounting and Finance | ||
| Faculty Sub Group: | Accounting and Finance | ||
| Module Leader: | Teresa Marsh, Jared Davies | ||
| Module Team: | Rebecca Wright, Rhian Gosling | ||
| First Intended Intake: | SEP 2018 | Final Year of Intake: | 2023 |
| Date Closed: | |||
| Credit Value: | 40 | Credit Level: | 7 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | 100105 - accounting | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 1 |
|---|---|
| Valid From | 01 Sep 2018 |
| Valid To | 31 Aug 2026 |
Module Aims
This module aims to develop students’ knowledge, understanding, application and critical evaluation of contemporary UK advanced taxation principles and practices in a range of business contexts. Further, it aims to develop students’ abilities to critically evaluate existing practice and current developments. It will require advanced evaluation and synthesis skills and will foster critical questioning.
There will be a focus on the complex practical scenarios that a professional accountant will face and the technical competencies they will require to tackle these. As a result, students will be prepared for the ACCA external Advanced Taxation examination (UK variant).
Content Summary
The syllabus of this module is based on the UK variant of the ACCA Advanced Taxation paper.
The ACCA’s Advanced Taxation syllabus further develops key aspects of taxation that students will have studied at undergraduate level (or at ACCA Fundamentals Level in the F6 Taxation paper) and extends the candidates’ knowledge of the tax system, together with their ability to apply that knowledge to the issues commonly encountered by individuals and businesses, such that successful candidates should have the ability to interpret and analyse the information provided and communicate the outcomes in a manner appropriate to the intended audience.
The syllabus builds on the basic knowledge of core taxes from earlier taxation studies and introduces candidates to stamp taxes. The syllabus also extends the knowledge of income tax, corporation tax, capital gains tax and inheritance tax to encompass, further overseas aspects of taxation, the taxation of trusts and additional exemptions and reliefs.
Computations will normally only be required in support of explanations or advice and not in isolation. Candidates are not expected to concentrate on the computational aspects of taxation. Instead this paper seeks to develop candidates’ skills of analysis, interpretation and communication. Candidates are expected to be able to use established tax planning methods and consider current issues in taxation.
Summary of ACCA syllabus areas:
• Knowledge and understanding of the UK tax system through the study of more advanced topics within the taxes studied previously and the study of stamp taxes
• The impact of relevant taxes on various situations and courses of action, including the interaction of taxes
• Minimising and/or deferring tax liabilities by the use of standard tax planning measures
• Communicating with clients, HM Revenue and Customs and other professionals
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Lecture | 30 |
| Seminar | 50 |
| Independent Study | 230 |
| Directed Study | 80 |
| Formative Assessment - Scheduled | 10 |
| Total Hours Selected | 400 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | Critically evaluate the development of the UK taxation system. |
| LO2 | Critically evaluate the impact of relevant taxes on various situations and courses of action, including the interaction of taxes; minimise and/or defer tax liabilities by the use of standard tax planning measures; and communicate with clients, HM Revenue and Customs and other professionals. |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Oral Assessment (CW) | Presentation (CW) 1 | Scenario based group exercise | 20 | N/A | 50 | No | 40 |
| Written Assignment (CW) | Report (CW) 1 | Individual written assignment | 0 | 4500 | 50 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | ||
|---|---|---|---|
| LO1 | LO2 | ||
| Presentation (CW) 1 | ✔ | ✔ | |
| Report (CW) 1 | ✔ | ✔ | |