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MN30444: UK tax and tax planning for the growing business

Follow this link for further information on academic years Academic Year: 2013/4
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6
Further information on unit levels Level: Honours (FHEQ level 6)
Further information on teaching periods Period: Semester 2
Further information on unit assessment Assessment: CW 30%, EX 70%
Further information on supplementary assessment Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this unit you must take MN20018 or take MN20485 and in taking this unit you cannot take MN20444
Further information on descriptions Description: Aims:
The unit aims to introduce students to:
* The principles of effective tax system design, its impact on individuals, groups, the wider economy and society
* The main types of taxation:
- Income taxes: both business and personal
- Capital taxes
- Company taxation
- Indirect taxation
- International taxation issues
* Types of tax planning opportunities and their application for individuals, family run businesses, SMEs and international businesses.

Learning Outcomes:
On completing this unit students will be able to:
* Evaluate the impact of current developments in taxation, on individuals, groups, the wider economy and society including
* Discuss the ethical and environmental issues arising from tax regulation;
* Prepare computations of UK tax liabilities for each of the main types of taxation: income tax, capital gains tax, corporation tax and VAT
* Identify and evaluate opportunities for minimising the impact of taxation liabilities on individuals, family run businesses, SMEs and international business
* Provide tax related costing, planning and decision making information to individuals, businesses and corporate entities in the UK.

Intellectual skills
* present concepts and views effectively and discuss and defend ideas through written language (F/A)
* extract, process and present numerical information for a specific purpose (TFA)
Professional skills
* Computational skills consistent with exemptions from taxation assessment in the examinations for the three main professional accountancy bodies: ICAEW, CIMA, ACCA (TA)
* Ability to apply knowledge of taxation issues in an advisory capacity (TFA)
Practical skills
* use internet and library search skills to access contemporary relevant information (FA)
* use IT competently (general IT skills including use of standard word processing packages and internet) (F)
Key skills
* act independently in planning and undertaking tasks, reflect on own learning and seek and make use of feedback. (F)

Principles of effective tax system design; ethical and environmental issues arising from tax system design; personal income tax; business and property taxation; capital gains tax; corporation tax; value added tax; international taxation issues. Tax planning issues will be integrated and woven through the content as the module progresses and will be delivered in the context of a growing entrepreneurial business.
Further information on programme availabilityProgramme availability:

MN30444 is Optional on the following programmes:

School of Management
  • UMMN-AFB02 : BSc (hons) Accounting and Finance (Full-time) - Year 3
  • UMMN-AKB02 : BSc (hons) Accounting and Finance (Full-time with Thick Sandwich Placement) - Year 4
  • UMMN-ANB01 : BSc (hons) Business Administration (Full-time with Thin Sandwich Placements) - Year 4
Department of Politics, Languages and International Studies
  • UXXX-AYB05 : BSc (hons) International Management and Modern Languages (French) (Full-time with Year Abroad) - Year 4
  • UXXX-AYB04 : BSc (hons) International Management and Modern Languages (German) (Full-time with Year Abroad) - Year 4
  • UXXX-AYB06 : BSc (hons) International Management and Modern Languages (Spanish) (Full-time with Year Abroad) - Year 4

* This unit catalogue is applicable for the 2013/4 academic year only. Students continuing their studies into 2014/15 and beyond should not assume that this unit will be available in future years in the format displayed here for 2013/14.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.