There are no pre-requisites for this module to be added

The module will include review of technical aspects of taxation in addition to practising calculations based on practical scenarios. Module content, updated each year to incorporate the new Finance Act, will include the likes of:Introduction to the UK tax system, payment and penaltiesNational insurance contributionsIncome tax, including personal allowances, income from properties, savings and investments; and pension contributionsIncome from employment and self-employmentCorporation taxCapital allowances, for both the self-employed and corporationsLoss relief, both the self-employed and corporations (including group relief)Capital gains tax, including chattels, shares and securities and principal private residences and various reliefsInheritance taxValue added tax

Upon completion of this module you will be able to

LO1: Explain the principles and administration of UK taxation.

LO2: Prepare an income tax computation and calculate the tax liability of individuals.

LO3: Compute the corporation tax liability of a company.

LO4: Apply simple tax planning techniques within the above computations.