Module Catalogues

Tax Compliance

Module Title Tax Compliance
Module Level Level 4
Module Credits 5.00
Academic Year 2021/22
Semester SEM1

Aims and Fit of Module

To enable students to prepare tax computations for individuals and companies in relatively straightforward scenarios under UK tax law, and to understand the underlying tax rules and their regulatory framework.

Learning outcomes

A recognise critically the ethical issues arising in the course of performing tax work and identify the obligations the UK system of tax imposes on taxpayers and the implications for taxpayers of non-compliance
B calculate the capital gains tax payable by individuals and trustees
C calculate the amounts of income tax owed by or owed to individuals and trustees
D calculate the amounts of inheritance tax due on lifetime transfers and transfers on death by individuals, personal representatives and trustees
E calculate the amounts of national insurance payable by individuals, businesses and companies
F calculate the corporation tax liabilities of companies
G calculate the amount of VAT owed by or owed to businesses
H calculate the amount of stamp taxes due in straightforward transactions.
I develop a critical understanding of the context of tax laws/rules and apply professional judgement to critically reflect upon them to arrive at defensible and lawful tax treatments in relation to all areas of the tax syllabus covered by the module at an applied, professional practice level.

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 weekly 2-hour lectures over a twelve-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 a dedicated case study week and 1-hour seminars, which will again be participative in nature.