Undergraduate Course: Taxation Practices (ACCN10029)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 10 (Year 4 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | This course covers the UK tax system and administrative rules along with the relevant revenue, case laws and precedence. It examines the computation aspects of national insurance, property income, individual and corporate tax liability, value-added and stamp taxes, as well as the ethics and professional conduct of a tax advisor. |
| Course description |
The course will utilise a student's knowledge from previous non-Honours accounting courses as a basis to develop and apply new information in the specialist area of taxation. A particular emphasis of the course will be on an understanding taxation principles and existing tax revenue and legislation, as well as the practical application of taxation knowledge. It is intended to develop students abilities in a core competency, one which is especially relevant to those intending a career in tax practice. The course will prepare students for the taxation examinations of professional accountancy bodies.
Outline Content
UK Tax System
Tax Administration
Tax-adjusted Profit/Loss
National Insurance
Property Income
Chargeable Gain/Loss
Income Tax Liability
Corporation Tax Liability
Value-added Tax
Stamp Duties
Environment Taxes and Reliefs
Ethics and Professional Conduct
|
Information for Visiting Students
| Pre-requisites | Visiting students must have at least 4 Accountancy courses at grade B or above This course cannot be taken alongside 'Accountancy 2A'; 'Accountancy 2B'; 'Accountancy 1A' or 'Accountancy 1B'. We will only consider University/College level courses.
|
| High Demand Course? |
Yes |
Course Delivery Information
|
| Academic year 2024/25, Available to all students (SV1)
|
Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 20,
Summative Assessment Hours 3,
Revision Session Hours 2,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
171 )
|
| Assessment (Further Info) |
Written Exam
60 %,
Coursework
40 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
60% Written Exam (Individual) - 3 hours
40% Presentation - (Individual) - 8-10 minutes. |
| Feedback |
Formative: Feedback will be provided throughout the course.
Summative: Feedback will be provided on assessments within agreed deadlines. |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
|
| Main Exam Diet S1 (December) | | 3:00 | |
Learning Outcomes
On completion of this course, the student will be able to:
- Students will have a critical understanding of taxation in helping individuals and companies plan their tax strategies.
- Students will be able to evaluate how tax information and techniques can promote efficient tax planning and management.
- Students will be able to compute and review tax liability of individuals and companies, and apply insights from developments in taxation legislation, and case laws and precedence.
- Students will be able to use a wide range of techniques and apply taxation strategies when considering capital investment decisions and financial management positions.
- Students will be able to identify and critically discuss the ethical issues in tax practice.
|
Additional Information
| Graduate Attributes and Skills |
Practice: Applied Knowledge, Skills and Understanding
After completing this course, students should be able to:
Work with a variety of organisations, their stakeholders, and the communities they serve - learning from them, and aiding them to achieve responsible, sustainable and enterprising solutions to complex problems.
Communication, ICT, and Numeracy Skills
After completing this course, students should be able to:
Convey meaning and message through a wide range of communication tools, including digital technology and social media; to understand how to use these tools to communicate in ways that sustain positive and responsible relationships.
Critically evaluate and present digital and other sources, research methods, data and information; discern their limitations, accuracy, validity, reliability and suitability; and apply responsibly in a wide variety of organisational contexts.
Cognitive Skills
After completing this course, students should be able to:
Be self-motivated; curious; show initiative; set, achieve and surpass goals; as well as demonstrating adaptability, capable of handling complexity and ambiguity, with a willingness to learn; as well as being able to demonstrate the use digital and other tools to carry out tasks effectively, productively, and with attention to quality.
Knowledge and Understanding
After completing this course, students should be able to:
Demonstrate a thorough knowledge and understanding of contemporary organisational disciplines; comprehend the role of business within the contemporary world; and critically evaluate and synthesise primary
and secondary research and sources of evidence in order to make, and present, well informed and transparent organisation-related decisions, which have a positive global impact.
Identify, define and analyse theoretical and applied business and management problems, and develop approaches, informed by an understanding of appropriate quantitative and/or qualitative techniques, to explore and solve them responsibly. |
| Keywords | Taxation,Accounting,Revenue Law |
Contacts
| Course organiser | Ms Angela Cairns
Tel:
Email: Angela.Cairns@ed.ac.uk |
Course secretary | Mr Ewan Henderson
Tel:
Email: ehende2@ed.ac.uk |
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