MN30444: UK tax and tax planning for the growing business
[Page last updated: 09 August 2024]
| Academic Year: | 2024/25 |
| Owning Department/School: | School of Management |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Honours (FHEQ level 6) |
| Period: |
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| Assessment Summary: | CW 25%, EX 75% |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: |
Before taking this module you must take MN20018 OR take MN20485
In taking this module you cannot take MN20444 |
| 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. |
| 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. |
| Skills: | 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) |
| Content: | 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. |
| Course availability: |
MN30444 is Optional on the following courses:School of Management
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Notes:
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