Module manager: Joanna Ye
Email: Y.Ye@lubs.leeds.ac.uk
Taught: Semesters 1 & 2 (Sep to Jun) View Timetable
Year running 2024/25
LUBS2290 Intermediate Financial Accounting OR LUBS2291 Financial Accounting and Reporting OR LUBS2205 Corporate Finance OR LUBS2206 Corporate Financial Management
This module is not approved as a discovery module
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.
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.
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
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 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
| Delivery type | Number | Length hours | Student hours |
|---|---|---|---|
| Lecture | 19 | 2 | 38 |
| Seminar | 9 | 1 | 9 |
| Private study hours | 153 | ||
| Total Contact hours | 47 | ||
| Total hours (100hr per 10 credits) | 200 | ||
This could include a variety of activities, such as reading, watching videos, question practice and exam preparation.
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.
| 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: 4/29/2024
Errors, omissions, failed links etc should be notified to the Catalogue Team