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 | ADVANCED TAXATION | ||
Code | ACFI305 | ||
Coordinator |
Mrs CA Gregory Finance and Accounting Catherine.Gregory@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2022-23 | Level 6 FHEQ | First Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
ACFI212 TAX COMPLIANCE; ACFI101 INTRODUCTION TO FINANCIAL ACCOUNTING |
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 |
36 |
10 6 |
52 | ||||
Timetable (if known) |
180 mins X 1 totaling 36
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60 mins X 1 totaling 10
60 mins X 1 totaling 6 |
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Private Study | 98 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 1: Written Unseen Examination Assessment Type: Written Exam Duration: 2.5 Hours Weighting: 75% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty ap | 2.5 | 75 | ||||
Assessment 2: Mid-Term Assessment Type: Written, unseen examination Duration: 1 hour Weighting: 25% Reassessment Opportunity: No reassessment opportunity; the reason is detailed below, Please se | 1 | 25 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Aims |
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The modules aims to enable candidates 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. Candidates 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 |
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(LO1) Explain and calculate the tax consequences of actions for individuals and companies and evaluate the interaction of taxes, including income tax, corporation tax, national insurance, stamp taxes and VAT in given scenarios. This will involve advising and assisting clients in adhering to tax regulations. |
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(LO2) Analyse and evaluate the tax implications of the choice of business structures, including provision of services through a company. |
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(LO3) Identify and explain the tax implications of close companies and the tax implications for individuals. |
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(LO4) Explain and evaluate the tax implications of group structures, including application and explanation of transfer pricing rules and effect of company cessation. |
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(LO5) Advise on the tax implications for individuals and companies as a result of business transformation and change, |
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(LO6) Calculate the impact on tax for international expansion and recognise the implications of double tax treaties and the OECD Convention. |
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(LO7) Advise on alternative tax treatments to defer or minimise tax liabilities, explaining the use of tax efficient schemes. Candidates will also beable to understand the interaction of taxes in given scenarios and to identify and discriminate between tax evasion and tax avoidance. |
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(LO8) Recognise and explain ethical and legal issues arising in taxation scenarios |
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(S1) Adaptability |
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(S2) Problem solving skills |
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(S3) numeracy |
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(S4) Commercial awareness |
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(S5) Organisational skills |
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(S6) Communication skills |
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(S7) International awareness |
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(S8) Lifelong learning skills |
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(S9) Ethical awareness |
Teaching and Learning Strategies |
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Teaching Method: Lecture Teaching Method: Workshop Teaching Method: Webinar Self-Directed Learning Hours:98 Costs Information: There are the following non-modular requirements: Skills/Other Attributes Mappin g Skills / attributes: Ethical awareness Skills / attributes: Lifelong learning skills Skills / attributes: International awareness Skills / attributes: Communication skills Skills / attributes: Organisational skills Skills / attributes: Commercial awareness Skills /
attributes: numeracy Skills / attributes: Problem solving skills Skills / attributes: Adaptability |
Syllabus |
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1: ADVANCED TAXATION COMMUNICATION SKILLS- TAXATION OF BUSINESS AND CORPORATE ENTITIES- INTERNATIONAL ASPECTS OF CORPORATE TAXATION- FINANCING AND INVESTING- EMPLOYMENT INCOME AND REMUNERATION PACKAGES- PERSONAL TAXATION AND OVERSEAS TAXATION- TRUSTS- 2: TAX PLANNING Identify legitimate tax planning measures to minimise tax liabilities; 3: ETHICS AND LAW Recognise and explain the relevance, importance and consequences of ethical and legal issues; |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |