Business TaxationModule Details

Rationale 

Students pursuing careers in accounting or finance often encounter situations where taxation significantly influences decision-making processes. Hence, this course's thorough coverage of taxation principles and their real-world application proves indispensable for finance professionals. By grasping the significance of taxation in financial operations and mastering the skills needed to calculate tax liabilities, students enhance their capacity to make meaningful contributions to the financial management and decision-making endeavours of both individuals and organisations.

This course aims to equip students with critical and practical skills relating to the concepts and principles of business taxation and to develop their understanding of how tax liabilities are calculated.

Learning Outcomes

At the end of the course students will be expected to:

(i)     Analyse the operation and scope of the tax system. 
(ii)    Compute the tax liabilities of individuals, companies and groups of companies. 
(iii)   Apply the principles of corporate tax, tax planning, VAT and capital gains tax.
(iv)   Compute the capital gains of individuals and companies. 
(v)    Analyse the effects of value added tax on incorporated and unincorporated businesses.
(vi)   Distinguish between various types of taxation relating to the UK.