Advanced UK Taxation
In this module you develop the knowledge and skills necessary to understand and apply UK tax rules at an advanced level. The module builds on learning from BEAM059 Introduction to UK Taxation, taking some of the issues covered there to a higher level of engagement, and introducing some new areas of knowledge, specifically inheritance tax, stamp duties, environmental taxes and VAT.
Full module specification
|Module title:||Advanced UK Taxation|
BEAM059 Introduction to UK Taxation
|Duration of module:||
Duration (weeks) - term 2: |
The aim of this module is to develop your analytical and critical thinking skills with particular reference to UK tax policy. You will learn through a combination of taught sessions and group activities in which you will develop a deeper understanding of how the various taxes levied in the UK impact and interact with one another.
ILO: Module-specific skills
- 1. Explain the rules that apply for company groups, inheritance tax, stamp and environmental taxes and VAT.
- 2. Explain the role of trusts and the tax effects of finance decisions.
- 3. Describe and critically evaluate the impact and interaction of the various UK taxes.
ILO: Discipline-specific skills
- 4. Explain the design of the UK tax system.
- 5. Articulate advanced tax planning strategies.
ILO: Personal and key skills
- 6. Demonstrate research skills, analytical skills and critical thinking.
- 7. Demonstrate problem solving skills.
Learning activities and teaching methods (given in hours of study time)
|Scheduled Learning and Teaching Activities||Guided independent study||Placement / study abroad|
Details of learning activities and teaching methods
|Category||Hours of study time||Description|
|Scheduled learning and teaching activities||30||Attending taught sessions|
|Group-based activities undertaken in preparation for taught sessions||40||Preparation for taught sessions|
|Reflection, reading and preparation for assessment||80||Background reading, critical self-reflection, preparation and submission of a skills portfolio.|
|Form of assessment||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|In class exercises||20 hours||1-7||Verbal Tutor Feedback|
Summative assessment (% of credit)
|Coursework||Written exams||Practical exams|
Details of summative assessment
|Form of assessment||% of credit||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Mid-term test||20||1 hour||1, 4, 6||Individual written feedback|
|Written examination||80||2 hours||1-7||Generic cohort feedback|
Details of re-assessment (where required by referral or deferral)
|Original form of assessment||Form of re-assessment||ILOs re-assessed||Timescale for re-assessment|
|Mid-term test and Written examination||2 hour written examination||1-7||August examination period|
Students who fail the module overall will be reassessed by way of a two-hour written examination in the summer of the respective academic year.
The syllabus covers the following areas:
- Corporate groups
- Inheritance tax in the UK
- The role of trusts in tax planning
- Stamp taxes
- Environmental taxes
- Tax effects of finance decisions
- VAT in the UK
- Impact and interaction of taxes
- Current issues in UK taxation
Indicative learning resources - Basic reading
- Lymer A. and Oats L. (2017) Taxation Policy and Practice, 24th edition, Birmingham: Fiscal Publications.
Module has an active ELE page?
Indicative learning resources - Web based and electronic resources
IBFD Tax Research Platform
You will also have access to an online searchable and resources database, with links to several eBooks available through the Exeter Learning Environment (ELE). Within this environment, you will also be supported through online discussion forums and activities.
Indicative learning resources - Other resources
Relevant academic journals:
- British Tax Review
- International Tax Review
- International Tax and Public Finance
- Tax Law Review
- Tax Adviser
- European Taxation
- World Tax Journal
Last revision date