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
Non-modular pre-requisites:
Co-requisites: AC304 Tax Compliance
Modules excluded:
Current from: 2018/9

Module Convenor: Ms Edel Byrne


Type of module:

Summary module description:

This module builds on the knowledge acquired in AC304 Tax Compliance, developing knowledge, understanding and advisory skills relating to potential business and personal tax scenarios.

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 20 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

Summative assessment- Examinations:

One 2.5 hour unseen written examination. This is an open book exam, where students are allowed to bring hard copy materials with them into the examination.

Summative assessment- Coursework and in-class tests:


Formative assessment methods:

Formative assessments are available 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 Convener will apply the following penalties for work submitted late:

  • where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day[1] (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.

    Assessment requirements for a pass:

    Requirement for a University pass is 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 August / September of the same year.

    Additional Costs (specified where applicable):

    1) Required text booksApproximately £55

    Last updated: 20 April 2018


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