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 AND PERSONAL TAXATION
Code ACUL609
Coordinator

 
Year CATS Level Semester CATS Value
Session 2021-22 Level 6 FHEQ Whole Session 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 56

        3

59
Timetable (if known)              
Private Study 91
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Written assessment There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :Summer  3 hours    100       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             

Aims

To develop knowledge and skills relating to the UK taxation system as applicable to individuals, single companies, and groups of companies.


Learning Outcomes

(LO1) Students will be able to explain the operation and scope of the UK tax system and the obligations of the tax payer and implications of non-compliance;

(LO2) Students will be able to explain and calculate the income tax liabilities of individuals;

(LO3) Students will be able to explain and calculate the capital gains tax arising on individuals;

(LO4) Students will be able to explain and calculate the inheritance tax liabilities of individuals;

(LO5) Students will be able to explain and calculate the corporation tax liabilities of individual companies and groups of companies;

(LO6) Students will be able to explain and calculate the value added tax on incorporated and unincorporated businesses;

(LO7) Students will be able to explain and calculate the national insurance contributions of individuals, businesses and companies.

(S1) Adaptability

(S2) Problem solving skills

(S3) Numeracy

(S4) Commercial awareness

(S5) Organisational skills

(S6) Communication skills

(S7) Lifelong learning skills

(S8) Ethical awareness


Teaching and Learning Strategies

Teaching Method 1 - Interactive lectures
Description: Full day lectures
Attendance Recorded: Yes
Notes: Modules have been timetabled in such a manner as to provide intensive periods of teaching alternated with periods for self-study and reflection. The direct student contact hours are substantial across the modules in order to ensure sufficient material coverage to secure planned professional body exam exemptions.

Teaching Method 2 - Formative Feedback (e.g. peer, revision sessions)
Description: Formative progress test
Attendance Recorded: Yes

Self-Directed Learning Description: Follow-up suggested work and wider reading


Syllabus

 

A) The UK tax system, its administration and ethics B) Income tax C) Capital gains tax D) Inheritance tax E) Corporation tax F) Value added tax G) National insurance contributions Library resources will be accessible through 'Reading Lists @ Liverpool' Vital will be used to support the course. Practice question and solutions will be provided.


Recommended Texts

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