AC304-Tax Compliance

Module Provider: Business Informatics, Systems and Accounting
Number of credits: 20 [10 ECTS credits]
Terms in which taught: Autumn / Summer term module
Pre-requisites: AC207 Principles of Tax
Non-modular pre-requisites:
Modules excluded:
Module version for: 2016/7

Module Convenor: Ms Edel Byrne


Summary module description:

This module aims to enable students to prepare tax computations and provide tax advice to individuals and companies in straightforward scenarios

Assessable learning outcomes:
By the end of the module it is expected that students will be able to:
1.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
2.Calculate the capital gains tax payable by individuals and trustees
3.Calculate the amounts of income tax owed by or owed to individuals and trustees
4.Calculate the amounts of inheritance tax due on lifetime transfers and transfers on death by individuals, personal representatives and trustees
5.Calculate the amounts of national insurance payable by individuals, businesses and companies
6.Calculate the corporation tax liabilities of companies
7.Calculate the amount of VAT owed by or owed to businesses
8.Calculate the amount of stamp taxes due in straightforward transactions

Additional outcomes:
Structured activities are designed to develop independent learning, including reflective, adaptive and collaborative learning.

Outline content:
Application of the principles of tax to individuals and trustees, including taxation of income, taxation of gains, inheritance tax; application of the principles of tax to businesses including taxation of gains, trading profits; VAT; legal and ethical implications of tax planning and advice.

Brief description of teaching and learning methods:
Lectures will be used for the exposition of the main concepts, principles and techniques associated with the discipline. Workshops will focus on numerical practice and discussion of examination style questions.

Contact hours:
  Autumn Spring Summer
Lectures 20 12
Practicals classes and workshops 20
Guided independent study 148
Total hours by term 188.00 12.00
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 100

Other information on summative assessment:

Formative assessment methods:
Formative assessments are available in the textbook for all weeks of the module to enable students to gain the necessary practice. This work is primarily designed as a learning vehicle, and students will be provided with marking guides and feedback where appropriate so that they can assess their own performance.

Penalties for late submission:
The Module Convenor will apply the following penalties for work submitted late, in accordance with the University policy.

  • where the piece of work is submitted up to one calendar week after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for the piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
  • where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

  • The University policy statement on penalties for late submission can be found at:
    You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

    Length of examination:
    One 2.5 hour unseen written examination

    Requirements for a pass:
    Requirements for a University pass

    A minimum mark of 40%.

    Requirements for ICAEW Credit for Prior Learning (CPL)
    This module contributes to the Tax Compliance module of the ICAEW Professional Stage exams. In order to apply for ICAEW CPL a minimum mark of 55% must be obtained in this module.

    Reassessment arrangements:
    Re-examination takes place in September of the same year in accordance with the ICAEW timetable. Reassessment is by examination only.

    Additional Costs (specified where applicable):
    1) Required text books:
    2) Specialist equipment or materials:
    3) Specialist clothing, footwear or headgear:
    4) Printing and binding:
    5) Computers and devices with a particular specification:
    6) Travel, accommodation and subsistence:

    Last updated: 21 December 2016

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