Critically understand the role, structure and general principles of a nation’s taxation system.

Enquiry, Application & Understanding

Explore the taxation and compliance obligations of individuals and businesses/companies.

Knowledge, Understanding & Communication

Critically evaluate personal and business taxation computations for individuals and businesses - unincorporated and incorporated.

Knowledge & Understanding

Evaluate the reputational risks associated with legitimate tax evasion.

Analysis

Group presentation (15 mins) (20%) (LOs 1).

An exam length: 2 hours plus 10 minutes reading time. (80%) (LOs 2, 3-4)

This module introduces you to a country’s taxation system. You will be introduced to the legal framework, underlying principles, the administration bodies, the historic bases of taxation and the basic economics of taxation. Understanding tax havens and its implications and why they suit some business models and not others.



Taxation knowledge will be developed in the areas of personal and business taxation. You will be able to understand taxation computations for individuals, sole traders and limited companies including Income Tax, Corporation Tax and National Insurance or equivalents. You will also learn about the reputational risks associated with legitimate tax evasion and the evolution and purpose of tax.

Should organisations use taxation for competitive advantage? In this module you will explore the world of tax havens and discuss why they suit some business models and not others. You will also learn about the reputational risks associated with legitimate tax evasion and the evolution and purpose of tax.

This module will use tutor led and peer-to-peer learning sessions as a general pattern of introduction of a topic and provision of frameworks and models for student learning, followed by application by students to appropriate data or case study materials. Students will be expected to perform set exercises, these will include the analysis, discussion and presentation of case- based work both individually and as part of a learning group and will receive formative feedback.



You will undertake ‘formative’ assessments during the module to help you monitor your learning and provide you and us with ongoing feedback on your progress, that helps you prepare for the ‘summative assessment(s) during or at the end of the module.



In-class sessions play a crucial role in the learning process, where formative assessments are essential for providing ongoing feedback to both students and the teaching team. Examples of formative assessments include quizzes, class exercises, draft submissions, and peer reviews, all of which help gauge students' understanding of the course material. These assessments enable instructors to identify areas where students may need additional support and adjust teaching strategies as needed. This practical implementation ensures that even in a remote learning environment, students receive the necessary support and preparation for their summative assessments.



Feedback and feedforward on this module in the dual award program would follow the steps implemented:

Cross-Institution Moderation: Implement a moderation process where a sample of feedback from both institutions is reviewed collaboratively. This allows for adjustments to be made to ensure that the quality and tone of feedback are aligned.

Structured Feedforward: Both institutions would follow a consistent approach to feedforward, providing clear, actionable advice on how students can improve in future assessments. This helps students apply feedback effectively across all their modules.

Melville A. Taxation: Finance Act (current Edition). FT Prentice Hall.



Lymer A and Oats L. Taxation: Policy and Practice. current Edition. Fiscal Publications.



Online resources will be used, as appropriate, such as:



Websites of International Accounting Bodies

Module study guide and handbook

The University Library and Learning Resources - books and academic journals

The module VLE

Learning support materials and booklets

Internet

Microsoft Office Excel

Microsoft Office PowerPoint

Computer-based quizzes