Introduction to UK Taxation

Module description

In this module you will explore the mechanics of how the tax system in the UK operates including how it is administered and practical aspects of providing tax advice to clients. The module covers, at an introductory level, the key direct taxes in operation in the UK, specifically income tax, capital gains tax and corporation tax.

Full module specification

Module title:Introduction to UK Taxation
Module code:BEAM059
Module level:M
Academic year:2017/8
Module lecturers:
  • Mrs Nicky Thomas - Lecturer
Module credit:15
ECTS value:

7.5

Pre-requisites:

None.

Co-requisites:

None.

Duration of module: Duration (weeks) - term 1:

11

Module aims

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 an understanding of how the UK tax rules operate and how various planning techniques can be used to reduce tax liabilities.

ILO: Module-specific skills

  • 1. Analyse the historical development of the UK taxation system.
  • 2. Evaluate features of different forms of taxation in the UK.
  • 3. Compute tax liabilities under the current UK rules for income tax, capital gains tax and corporation tax

ILO: Discipline-specific skills

  • 4. Explain the design of the UK tax system.
  • 5. Advise on tax planning options and strategies for individuals and corporations.
  • 6. Apply tax techniques in assimilated case studies to appreciate tax in the workplace environment

ILO: Personal and key skills

  • 7. Use analysis and critical thinking to evaluate arguments, assumptions, concepts and data, to make judgments, recommendations or to frame appropriate questions
  • 8. Identify key problems and then use relevant qualitative and quantitative information to solve them.
  • 9. Professionally present information in a variety of written formats aimed at different specialist and non-specialist audiences.

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
30120

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled learning and teaching activities30Attending taught sessions
Group-based activities undertaken in preparation for taught sessions40Preparation for taught sessions
Reflection, reading and preparation for assessment80Reflection, reading and preparation for assessment

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
In-class exercisesSize of the assessment e.g. duration/length1-7Tutor feedback

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
20800

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Individual report202000 words due week 82-9Written feedback
Fortnightly MCQ test107 weekly MCQ tests. 6 questions per test. Weeks 2-10.1-5, 8Online feedback after test date
Final Examination702 hours1-9Solutions uploaded to ELE with examiner's report on overall performance
0
0
0

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Individual report2,000 word individual essay (20%)2-9July
MCQ test1 hour on-line MCQ test (10 questions) (10%)1-5, 8August
Examination2 hour examination (70%)1-9August

Re-assessment notes

Three assessments are required for this module. If you do not pass the module then you willbe required to resit the failed components as above.

Syllabus plan

The syllabus covers the following areas:

  • Historical development of the UK taxation system
  • Tax administration
  • Introduction to Income Tax
  • Taxing employment income in the UK
  • Taxing business income in the UK
  • Taxing capital gains in the UK
  • Introduction to UK corporation tax
  • Tax planning for UK resident taxpayers
  • Providing tax advice including ethical issues.

Indicative learning resources - Basic reading

Textbook:  Lymer, A. and Oats, L. (2017) Taxation Policy and Practice, 24th edition, Birmingham: Fiscal Publications.

Module has an active ELE page?

Yes

Indicative learning resources - Web based and electronic resources

You will have access to an online searchable and resources database, with links to several eBooks available on 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

Origin date

01/01/2016

Last revision date

02/10/2017