Module Catalogues

Business Planning - Taxation

Module Title Business Planning - Taxation
Module Level Level 4
Module Credits 5.00
Academic Year 2021/22
Semester SEM2

Aims and Fit of Module

To enable students to apply technical knowledge and professional skills to identify and resolve tax issues that arise in the context of preparing tax computations and to advise on tax-efficient strategies for businesses and individuals.
Students will be required to use technical knowledge and professional judgement to identify, explain and evaluate alternative tax treatments and to determine the appropriate solutions to taxation issues, giving due consideration to the needs of clients and the interaction between taxes. The commercial context and impact of recommendations will need to be considered in making such judgements, as will ethical and legal issues.

Learning outcomes

A analyse, evaluate and calculate the tax consequences of actions for individuals and companies and evaluate the interaction of taxes in given scenarios.
B advise and assist clients in adhering to tax regulations.
C advise on alternative tax treatments to defer or minimise tax liabilities.
D understand the interaction of taxes in given scenarios and to identify and discriminate between tax evasion and tax avoidance.
E recognise and explain critically the ethical and legal issues arising in taxation scenarios.
apply the fundamental principles and guidance in the IFAC code of ethics to recommend and justify appropriate, legal actions.
F reflect on organisational circumstances critically and to assess the advantages and disadvantages of various approaches.

Method of teaching and learning

A range of teaching and learning methods will be utilized on this module. Core substantive knowledge will be delivered via three weekly 2-hour lectures over a six-week period, and the knowledge covered in lectures will be reinforced by practical student-led group work, culminating in participative tutorials of two hours’ duration each week. Longer, more detailed case-based work will be delivered by means of two 2-hour seminars, which will again be participative in nature.