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Taxation

Overview

Module description

This module provides a framework through which you can acquire an understanding of the main features of the UK tax system - Income Tax, Corporation Tax, Capital Gains Tax and VAT - from an individual and business perspective. This leads to an appreciation of the effect of taxation on personal and business decisions. In addition, the course provides an understanding of the main economic and social considerations in the design of the UK tax system.

The aim of this module is to explore and develop themes to achieve a deeper appreciation of the theoretical and practical issues associated with selected taxation topics and stimulate a critical evaluation of taxation policy used in those topic areas.

In particular, the module aims to develop:

  • an understanding, from an historical perspective, of the role of political economy in UK taxation
  • an appreciation of the economic, legal and accounting aspects of taxation
  • a working knowledge of those areas of taxation of most current practical importance
  • analytical and problem-solving abilities in making tax planning decisions
  • an appreciation of the interrelationship of different taxes and their effects on business decisions
  • technical expertise for the production of tax computations.

Learning objectives

By the end of this module, you will be able to:

  • critically reflect upon aspects of political economic theory which underpin taxation
  • demonstrate a critical and thorough analytical understanding of a considerable body of professional knowledge and theoretical techniques in the field of taxation to address practical business problems
  • demonstrate an ability to assess the tax liability of both individuals and business enterprises
  • compare, contrast and integrate subject matter studied on related courses to demonstrate the multidisciplinary aspect of practical taxation problems.