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

 
Year CATS Level Semester CATS Value
Session 2021-22 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
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 77.5
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
 

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.