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 | BUSINESS PLANNING: TAXATION | ||
Code | ACUL703 | ||
Coordinator |
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Year | CATS Level | Semester | CATS Value |
Session 2021-22 | Level 7 FHEQ | Second Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
ACUL700 TAX COMPLIANCE |
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 |
63 |
2.5 |
65.5 | ||||
Timetable (if known) | |||||||
Private Study | 84.5 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Examination There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): Semester 2 | 2.5 hours | 100 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Aims |
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To enable students 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. Students 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) Analyse, evaluate and calculate the tax consequences of actions for individuals and companies and evaluate the interaction of taxes in given scenarios; |
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(LO2) Advise and assist clients in adhering to tax regulations; |
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(LO3) Advise on alternative tax treatments to defer or minimise tax liabilities; |
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(LO4) Understand the interaction of taxes in given scenarios and to identify and discriminate between tax evasion and tax avoidance; |
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(LO5) Recognise and explain ethical and legal issues arising in taxation scenarios; |
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(LO6) Apply the fundamental principles and guidance in the IFAC code of ethics to recommend and justify appropriate, legal actions. |
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(S1) Adaptability |
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(S2) Numeracy |
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(S3) Problem solving skills |
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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) Lifelong learning skills |
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(S8) Ethical awareness |
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(S9) Leadership |
Teaching and Learning Strategies |
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Lectures x 63 hours Formative Progress Test x 2.5 hours Self-directed learning hours x 84.5 |
Syllabus |
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1. Ethics; 2. Taxation of corporate entities; 3. Taxation of unincorporated businesses including partnerships; 4. Personal taxation. |
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. |