Module title: Taxation

SCQF level: 09:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: ACC09103
Module leader: Sarah Borthwick
School The Business School
Subject area group: Accountancy Finance and Law
Prerequisites

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2018/9, Trimester 1, Face-to-Face, Edinburgh Napier University
Occurrence: 001
Primary mode of delivery: Face-to-Face
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Sarah Borthwick
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Lectures are used to explain the topic areas and to demonstrate the calculations needed to prepare tax computations. The tutorials provide valuable time for students to practise taxation computations and narrative questions with a tutor present. Students will be expected to take every opportunity to raise and clear matters of difficulty.

Embedding of employability / PDP / scholarship skills
The material used is aimed at students acquiring the basic taxation knowledge and skills practiced in professional accounting firms and limited company taxation departments to deal with compliance tax matters and also tax planning opportunites.

Assessment (formative and summative)
Tutorial questions will provide students ongoing formative assessment opportunities. These are designed to encourage students to actively engage in the subject matter and also to enable them to assess their progress before the time of the class test and the final examination. Two summative assessments comprise the final module mark: the first is a class test comprising MCQ questions; the second is a final exam comprising longer computational and narrative style questions. All assessments will be specified open book to reflect the skills practiced in a professional environment. Students are required to purchase the prescribed textbooks.

Research / teaching linkages
The module teaching team includes teaching staff who are professionally qualified in the subject area and have practical professional experience of taxation and staff who have an academic research focus on taxation. This experience is used to develop technical expertise, written communication and numerical skills of students. Study material used is also that which is applicable to professional practice.

Equality and Diversity Considerations
A study pack will be supplied detailing topic areas with reading references and tutorial questions. Lecture slides and examples will be available via Moodle.

Formative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Summative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 26
Face To Face Practical classes and workshops 26
Face To Face Centrally Time Tabled Examination 3
Independent Learning Guided independent study 145
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Practical Skills Assessment 30 1-3 8 HOURS= 1, WORDS= 0
Centrally Time Tabled Examination 70 1-4 14/15 HOURS= 3, WORDS= 0
Component 1 subtotal: 30
Component 2 subtotal: 70
Module subtotal: 100

Description of module content:

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 penalties
Income tax, including personal allowances, income from properties, savings and investments; and pension contributions
Income from employment and self-employment
Capital allowances, for both the self-employed and corporations
Loss relief, both the self-employed and corporations (including group relief)
National insurance contributions, classes 1-4
Capital gains tax, including chattels, shares and securities and principal private residences and various reliefs
Corporation tax
Value added tax
Inheritance tax

Learning Outcomes for module:

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

Indicative References and Reading List - URL:

Core - MELVILLE, A. (2014) TAXATION FINANCE ACT 2014

: FT PRENTICE HALL, 20 - ISBN: 9781292017600
Core - BPP LEARNING MEDIA LTD. (2014) ACCA PAPER F6, TAXATION (UK) FA2014, PRACTICE AND REVISION KIT FOR EXAMS IN 2015: BPP LEARNING MEDIA LTD., 1st ed. - ISBN: 9781472722416
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