AF3S541 - Taxation 09 Mar 2020 - 31 Aug 2025 | Version 1
Associated Module Information
| Module Code: | AF3S541 | ||
|---|---|---|---|
| Module Title: | Taxation | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Accounting and Finance | ||
| Faculty Sub Group: | Accounting and Finance | ||
| Module Leader: | Kristy Elias | ||
| Module Team: | Jared Davies | ||
| First Intended Intake: | SEP 2020 | Final Year of Intake: | 2024 |
| Date Closed: | |||
| Credit Value: | 20 | Credit Level: | 6 |
| 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 | 09 Mar 2020 |
| Valid To | 31 Aug 2025 |
Module Aims
To provide students with an understanding of the main UK taxes and to enable them to prepare tax calculations and provide tax planning advice.
Content Summary
The module will contain an overview of the operation and scope of the UK tax system, the main rules in relation to the following taxes and detailed guidance on tax calculations in respect of:
Capital gains tax: basic computations including chattels, property, shares and business reliefs. Inheritance tax: Scope and transfers of value.
Corporation tax: Computations of total taxable profits, corporation tax liability, chargeable gains, loss relief, groups and overseas aspects.
Inheritance Tax – Calculating death taxes, death duties, lifetime gifts and general inheritance tax rules.
Trading income including capital allowances, business relief and partnerships.
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Lecture | 24 |
| Practical classes and workshops | 22 |
| Independent Study | 56 |
| Directed Study | 96 |
| Formative Assessment - Scheduled | 2 |
| Total Hours Selected | 200 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | Summarise the main UK taxes. |
| LO2 | Prepare detailed tax calculations and give appropriate tax planning advice. |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Synchronous Onsite Assessment | Classroom Test - Time Constrained (Onsite) 1 | To test the ability to apply tax principles and techniques and to provide tax planning advice. | 120 | N/A | 30 | No | 40 |
| Synchronous Onsite Assessment (Exam) | Onsite Closed Book Examination 1 | To test the ability to prepare tax computations and provide tax planning advice | 150 | N/A | 70 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | ||
|---|---|---|---|
| LO1 | LO2 | ||
| Classroom Test - Time Constrained (Onsite) 1 | ✔ | ✔ | |
| Onsite Closed Book Examination 1 | ✔ | ✔ | |