This module introduces students to the UK taxation system. It outlines taxation theory, including legal, economic and political perspectives, examines the main UK taxes, demonstrates tax computation and discusses issues related to taxation planning and management for individuals, businesses and companies.
By the end of the module the student will be able to:
Understand the basic theoretical foundations of a modern domestic tax system;
Explain the use of various taxes to make up the UK tax system;
Perform personal, business and corporate taxation calculations;
Apply a variety of tax rules to real life situations;
Describe the influence of taxes on decision making in commercial and domestic environments;
Evaluate the wider social impact of taxes and fiscal policy.
Group essay on taxation issue (50%); End of course test on computational elements of taxation (50%)