Module Descriptors
BUSINESS LAW AND PRACTICE (including assessment of taxation)
LAWS70672
Key Facts
Health, Education, Policing and Sciences
Level 7
1 credits
Contact
Leader: Giles Gater
Email: giles.gater@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities:
Independent Study Hours:
Total Learning Hours:
Pattern of Delivery
- Occurrence A, Stoke Campus, PG Semester 1 to PG Semester 2
Sites
- Stoke Campus
Assessment
- EXAMINATION - OPEN BOOK EXAMINATION IN EXAMINATION CONDITIONS weighted at 50%
- EXAMINATION - OPEN BOOK EXAMINATION IN EXAMINATION CONDITIONS weighted at 50%
Module Details
Module Indicative Content
ELEMENT 1 BUSINESS MEDIA, COMMON TRANSACTIONS
1. legal and practical implications of business contracts
2. protecting business assets, basic finance and lending, critical business acumen
3. company procedures
4. taxation of profits
5. duties, obligations and liabilities
6. business/personal insolvency
7. draft, analyse, amend documentation
8. transferring from one medium to another
9. legal reports
10. European legislation
ELEMENT 2 STAKE HOLDERS
1. company, directors, shareholders and creditors
2. potential conflicts
3. knowing the client
4. professional practice
5. business acumen, commercial awareness
ELEMENT 3 BUSINESS ACCOUNTS
1. accounting concepts
2. accounting data
3. analyse and interpret accounts
4. shareholders¿ funds
ELEMENT 4 TAXATION
INCOME TAX
1. income tax system
2. taxation at source, direct assessment, taxation of income and investments
3. anti-avoidance legislation
CAPITAL GAINS TAX
1. principles of capital gains tax
2. exemptions and reliefs
INHERITANCE TAX
1. the charge to tax; on death; immediately chargeable transfers; PETS and GROBS
2. payment of tax, exemptions and reliefs; cumulation; valuation; accountability
VAT
principles of VAT; registration; taxable supplies; input and output tax; rating and exemption
CORPORATE TAX
1. charge to tax
2. charges on income
1. legal and practical implications of business contracts
2. protecting business assets, basic finance and lending, critical business acumen
3. company procedures
4. taxation of profits
5. duties, obligations and liabilities
6. business/personal insolvency
7. draft, analyse, amend documentation
8. transferring from one medium to another
9. legal reports
10. European legislation
ELEMENT 2 STAKE HOLDERS
1. company, directors, shareholders and creditors
2. potential conflicts
3. knowing the client
4. professional practice
5. business acumen, commercial awareness
ELEMENT 3 BUSINESS ACCOUNTS
1. accounting concepts
2. accounting data
3. analyse and interpret accounts
4. shareholders¿ funds
ELEMENT 4 TAXATION
INCOME TAX
1. income tax system
2. taxation at source, direct assessment, taxation of income and investments
3. anti-avoidance legislation
CAPITAL GAINS TAX
1. principles of capital gains tax
2. exemptions and reliefs
INHERITANCE TAX
1. the charge to tax; on death; immediately chargeable transfers; PETS and GROBS
2. payment of tax, exemptions and reliefs; cumulation; valuation; accountability
VAT
principles of VAT; registration; taxable supplies; input and output tax; rating and exemption
CORPORATE TAX
1. charge to tax
2. charges on income
Module Learning Strategies
17 x 1 hour whole group sessions and 17 x 2 hour individual/small group work. Additionally, for students following a blended-learning mode of delivery there will be on-line activities.
Module Additional Assessment Details
both assessments forming the combined mark. Each assessment will test learning outcomes 1-10.
Module Special Admissions Requirements
None
Module Resources
Lecture and workshop materials. Blackboard. Business Law and Practice Manuals, Accounts Manuals.
Module Texts
OUP Business Law & Practice Handbook and CLP Business and Company Legislation - annually updated editions
Web Descriptor
Business Law and Practice (BLP) is the largest of all core modules. This module is divided into two components. Business Law and Practice 1 involves taxation, business accounts and common business transactions. Business Law and Practice 2 involves business organisations focusing on private limited companies limited by shares. The business organisation provides an understanding of company structure, corporate governance, incorporation, constitution and interrelations between key actors such as shareholders, directors and other stakeholders. company, directors, shareholders and creditors from a procedural perspective. This module will enable you to meet the client's commercial requirements and to advise on the legal and taxation implications.