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

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