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 | TAX COMPLIANCE | ||
Code | ACUL700 | ||
Coordinator |
Mrs JA Bateman Finance and Accounting Jacky.Bateman@liverpool.ac.uk |
||
Year | CATS Level | Semester | CATS Value |
Session 2019-20 | Level 7 FHEQ | First 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 |
70 |
2.5 |
72.5 | ||||
Timetable (if known) | |||||||
Private Study | 77.5 | ||||||
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) :First semester | 2.5 hours | 80 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Mid-term test Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :First semester | 1.5 hours | 20 |
Aims |
|
To enable students to prepare UK tax computations for individuals and companies in straightforward scenarios. |
Learning Outcomes |
|
(LO1) Recognise 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; |
|
(LO2) Calculate the capital gains tax payable by corporations, individuals and trustees; |
|
(LO3) Calculate the amounts of income tax owed by or owed to individuals and trustees; |
|
(LO4) Calculate the amounts of inheritance tax due on lifetime transfers and transfers on death by individuals, personal representatives and trustees; |
|
(LO5) Calculate the amounts of national insurance payable by individuals, businesses and companies; |
|
(LO6) Calculate the corporation tax liabilities of companies; |
|
(LO7) Calculate the amount of VAT owed by or owed to businesses; |
|
(LO8) Calculate the amount of stamp taxes due in straightforward transactions. |
|
(S1) Adaptability |
|
(S2) Numeracy |
|
(S3) Problem solving skills |
|
(S4) Commercial awareness |
|
(S5) Organisational skills |
|
(S6) Communication skills |
|
(S7) Lifelong learning skills |
|
(S8) Ethical awareness |
Teaching and Learning Strategies |
|
Lectures x 70 hours Formative Progress Test x 2.5 hours Self-directed learning hours x 77.5 |
Syllabus |
|
Introduction to support students' learning: Principles of Taxation; 1. Ethics; 2. Income tax; 3. Capital gains tax; 4. Inheritance tax; 5. National insurance contributions; 6. Corporation tax; 7. VAT and Stamp Taxes. |
Recommended Texts |
|
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |