AC307-Business Planning: Tax

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:
Co-requisites: AC304 Tax Compliance
Modules excluded:
Module version for: 2016/7

Module Convenor: Ms Edel Byrne


Summary module description:

This module aims to enable students to apply technical knowledge and professional judgement to identify, explain and evaluate alternative tax treatments to resolve tax issues that arise in the context of preparing tax computations and to advise on tax-efficient strategies for businesses and individuals. Students will also be required to evaluate the commercial, legal and ethical implications of recommendations.

Assessable learning outcomes:
By the end of the module it is expected that students will be able to:
1.Analyse, evaluate and calculate the tax consequences of actions for individuals and companies and evaluate the interaction of taxes in given scenarios by reference to the tax regulations.
2.Advise on alternative tax treatments to defer or minimise tax liabilities.
3.Understand the interaction of taxes in given scenarios and to identify and discriminate between tax evasion and tax avoidance.
4.Recognise and explain ethical and legal issues arising in taxation scenarios.

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

Outline content:
•Tax liabilities for individuals and companies in a range of scenarios
•International aspects of corporate tax
•Tax implications of financing and investing in companies
•Tax implications of employment income and remuneration packages
•Personal tax
•Overseas tax
•Tax implications and use of trusts in tax planning
•Tax planning to defer or minimise tax liabilities
•Interaction of taxes in tax planning scenarios
•Ethical and legal implications in tax scenarios

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 10 10
Practicals classes and workshops 10
Guided independent study 170
Total hours by term 190.00 10.00
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 100

Other information on summative assessment:
Written open book exam.

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. There is no coursework included in the final assessment mark. The assessment is 100% by examination.

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:
    A minimum mark of 40%.

    Requirements for ICAEW Credit for Prior Learning (CPL):
    This module contributes to the Business Planning: Taxation module of the ICAEW Professional Level 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 August / September of the same year.

    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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