Module manager: Cathy Myles
Email: c.myles@leeds.ac.uk
Taught: Semesters 1 & 2 (Sep to Jun) View Timetable
Year running 2018/19
LUBS2290 Intermediate Financial Accounting OR LUBS2205 Corporate Finance
LUBS3685 Taxation: Income Tax and Value Added Tax; and LUBS3695 Taxation: Corporate and Capital Taxes
This module is approved as a discovery module
Principles of Taxation provides an insight into the theory and practice of the UK taxation system. It provides an overview of the general objectives of tax, its theoretical underpinnings, the relationship between taxation and fiscal policy as well as the details of tax calculations and practical tax advice to companies and individuals in straightforward scenarios.
This module aims to provide students with the knowledge and skills to enable them to understand the general objectives of tax, its theoretical underpinnings and the relationship between taxation and fiscal policy and prepare tax computations and provide tax advice to individuals and companies in straightforward scenarios.
Upon completion of this module students will be able to:
- Interpret and outline the general objectives of tax, the influences upon the UK system of tax and the different types of tax in the UK
- Analyse and explain the theoretical underpinnings of the UK tax system and its relation to government fiscal policy
- Critically assess the ethical issues arising in the course of performing tax work and identify the obligations the UK system of tax imposes on taxpayers
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
Indicative content
- The principles of taxation
- The framework of taxation
- Direct and indirect taxation
- Private equity and taxation
- Environmental taxes
- Capital gains tax
- Corporation tax
- Income tax
- Inheritance tax
- National insurance
- Value added tax
- Tax planning
- Current issues and developments
| Delivery type | Number | Length hours | Student hours |
|---|---|---|---|
| Lecture | 21 | 1.5 | 31.5 |
| Seminar | 10 | 1 | 10 |
| Independent online learning hours | 20 | ||
| Private study hours | 138.5 | ||
| Total Contact hours | 41.5 | ||
| Total hours (100hr per 10 credits) | 200 | ||
Students are required to undertake specified pre-reading and question preparation in advance of the classes based on the material introduced in the lectures. This includes some online pre-reading and formative questions.
- Students will be able to monitor their progress through fortnightly seminars. Model answers for quantitative questions and marking schemes for workshop and a sample exam against which students can assess their own performance;
- Students are strongly encouraged to hand in a practice essay which will be used to provide formative feedback as preparation for the examination
- Teaching staff on the module will be available at set desk times each week to give students the opportunity to deal with problems as they arise and receive feedback on an ongoing basis.
| Exam type | Exam duration | % of formal assessment |
|---|---|---|
| Standard exam (closed essays, MCQs etc) | 3.0 Hrs 0 Mins | 100 |
| Total percentage (Assessment Exams) | 100 | |
The resit for this module will be 100% by 3 hour examination.
The reading list is available from the Library website
Last updated: 12/12/2018
Errors, omissions, failed links etc should be notified to the Catalogue Team