2023/24 Undergraduate Module Catalogue

LUBS3690 Principles of Taxation

20 creditsClass Size: 120

Module manager: Joanna Ye
Email: Y.Ye@lubs.leeds.ac.uk

Taught: Semesters 1 & 2 (Sep to Jun) View Timetable

Year running 2023/24

Pre-requisite qualifications

LUBS2290 Intermediate Financial Accounting
OR
LUBS2291 Financial Accounting and Reporting
OR
LUBS2205 Corporate Finance
OR
LUBS2206 Corporate Financial Management

This module is approved as a discovery module

Module summary

Principles of Taxation is a final year optional module, aiming to develop knowledge and skills relating to the UK tax system as applicable to individuals, single companies and groups of companies.

Objectives

This module aims to provide students with the knowledge and skills to enable them to understand the UK tax system and its administration, prepare tax computations and provide tax advice to individuals and companies.

Learning outcomes
Upon completion of this module students will be able to:
- Interpret and outline the purpose of taxation in a modern economy
- Analyse and compute the different types of tax liabilities in the UK
- Identify the obligations the UK tax system imposes on taxpayers
- Critically assess the use of exemptions and reliefs in deferring and minimising tax liabilities

Skills outcomes
Upon completion of this module students will be able to:
Transferable
- Apply numerical and statistical skills to manipulate and interrogate financial and other numerical data
- Extract relevant information from structured scenarios and data in order to identify problems and define solutions
- Structure and communicate quantitative and qualitative information, ideas, analysis, argument and commentary
- Demonstrate critical thinking when communicating in writing at an academic level

Subject Specific
- Calculate the amount of tax payable by companies and individuals and provide practical tax advice

Syllabus

Indicative content:

- The purpose of taxation
- The framework of taxation
- Direct and indirect taxation
- Capital gains tax
- Corporation tax
- Income tax
- Inheritance tax
- National insurance
- Value added tax
- Tax planning
- Current issues and developments

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	19	1.50	28.50
Seminar	9	1.00	9.00
Independent online learning hours			20.00
Private study hours			142.50
Total Contact hours			37.50
Total hours (100hr per 10 credits)			200.00

Private study

This could include a variety of activities, such as reading, watching videos, question practice and exam preparation.

Opportunities for Formative Feedback

Your teaching methods could include a variety of delivery models, such as face-to-face teaching, live webinars, discussion boards and other interactive activities. There will be opportunities for formative feedback throughout the module.

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	3 hr 00 mins	100.00
Total percentage (Assessment Exams)		100.00

The resit for this module will be 100% by 3 hour examination.

Reading list

The reading list is available from the Library website

Last updated: 28/04/2023 14:49:16

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