MN52148: UK tax, tax planning and principles of taxation
[Page last updated: 23 October 2023]
| Academic Year: | 2023/24 |
| Owning Department/School: | School of Management |
| Credits: | 5 [equivalent to 10 CATS credits] |
| Notional Study Hours: | 100 |
| Level: | Masters UG & PG (FHEQ level 7) |
| Period: |
- Semester 2
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| Assessment Summary: | EXCB 70%, EXIC 30% |
| Assessment Detail: |
- Class Test (EXIC 30%)
- Final Exam (EXCB 70%)
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| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
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| Requisites: |
While taking this module you must take MN52090
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| Learning Outcomes: |
- By the end of the unit, you will be able to:
- Perform an Income Tax liability calculation for Sole Proprietors and / or Employees and provide tax planning advice.
- Perform a Corporation Tax liability calculation and provide tax planning advice.
- Undertake National Insurance and Value Added Tax analyses and planning.
- Evaluate the characteristics of a Tax (System) using the Principles of Taxation.
- Identify and evaluate International Tax issues.
- Understand the distinction and importance of Tax Planning versus Tax Avoidance versus Tax Evasion.
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| Synopsis: | Develop your understanding of the UK tax system and policies for the main types of taxation. You will develop the knowledge and skills to prepare computations of UK tax liabilities and provide tax advice to individuals, partnerships and corporate entities . The unit's emphasis on the principles of taxation will enable you to apply your knowledge to other tax environments.
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| Content: | Key elements to be included:
- A modern interpretation of the Canons of Taxation
- The calculation of Business Income for Tax purposes
- Income Tax for individuals, employees and sole proprietors
- Corporation Tax
- PAYE, National Insurance and Value Added Tax
- Issues of International Tax including the taxation of UK residents and non-residents
- An ethical perspective on Tax Avoidance strategies
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| Course availability: |
MN52148 is Compulsory on the following courses:
School of Management
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Notes: - This unit catalogue is applicable for the 2023/24 academic year only. Students continuing their studies into 2024/25 and beyond should not assume that this unit will be available in future years in the format displayed here for 2023/24.
- Courses and units are subject to change in accordance with normal University procedures.
- Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
- Find out more about these and other important University terms and conditions here.
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