ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title BUSINESS PLANNING: TAXATION
Code ACUL703
Coordinator Mrs JA Bateman
Finance and Accounting
Jacky.Bateman@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2019-20 Level 7 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 63

         2.5

 65.5
Timetable (if known)              
Private Study 84.5
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Examination There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): Semester 2  2.5 hours    100       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             

Aims

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

(LO1) Analyse, evaluate and calculate the tax consequences of actions for individuals and companies and evaluate the interaction of taxes in given scenarios;

(LO2) Advise and assist clients in adhering to tax regulations;

(LO3) Advise on alternative tax treatments to defer or minimise tax liabilities;

(LO4) Understand the interaction of taxes in given scenarios and to identify and discriminate between tax evasion and tax avoidance;

(LO5) Recognise and explain ethical and legal issues arising in taxation scenarios;

(LO6) Apply the fundamental principles and guidance in the IFAC code of ethics to recommend and justify appropriate, legal actions.

(S1) Adaptability

(S2) Numeracy

(S3) Problem solving skills

(S4) Commercial awareness

(S5) Organisational skills

(S6) Communication skills

(S7) Lifelong learning skills

(S8) Ethical awareness

(S9) Leadership

Teaching and Learning Strategies

Lectures x 63 hours
Lectures will be delivered in full day blocks. A full day block of lectures involves the student attending class from 9am to 4.30pm with breaks. The day involves a range of activities which can include lectures, guided scenario and question practice, group work and open discussion on relevant business areas. Full day contact with academic staff therefore provides the opportunity for students to interact with each other and with academic staff, to work in teams and receive real time guidance.

Formative Progress Test x 2.5 hours
Unscheduled directed student hours (time spent away from the timetabled sessions but directed by the teaching staff).

Self-directed learning hours x 84.5
Self-directed learning includes wider reading on the related topic areas from academic and professional journals and the financial press, reflection on lecture content and sourcing and attempting scenario-based exercises. Structured preparation for mid-term tests a lso requires self-directed learning.

Syllabus
 

1. Ethics;

2. Taxation of corporate entities;

3. Taxation of unincorporated businesses including partnerships;

4. Personal taxation.

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.