Advanced UK Taxation

Module description

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 the taxation of companies, inheritance tax and VAT.

Full module specification

Module title:Advanced UK Taxation
Module code:BEAM060
Module level:M
Academic year:2020/1
Module lecturers:
  • Mr Richard Poole - Lecturer
Module credit:15
ECTS value:

BEAM059 Introduction to UK Taxation

Available to students on the MSc Accounting and Finance programme



Duration of module: Duration (weeks) - term 2:


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 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 corporations, company groups, inheritance tax, stamp 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 ActivitiesGuided independent studyPlacement / study abroad

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 assessment80Background reading, preparation and preparation for essay and final examination.

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
In class exercises20 hours1-7Verbal Tutor Feedback

Summative assessment (% of credit)

CourseworkWritten examsPractical exams

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Mid-term test201 hour1, 4, 6Individual written feedback
Written examination802 hours1-7Generic cohort feedback

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

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Mid-term test and Written examination2 hour written examination1-7August examination period

Re-assessment notes

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.

Syllabus plan

The syllabus covers the following areas:

  • Companies and corporate groups
  • Inheritance tax in the UK
  • The role of trusts in tax planning
  • Stamp 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

Textbook: Lymer A. and Oats L. (2019) Taxation Policy and Practice, 26th edition, Birmingham: Fiscal Publications.

Module has an active ELE page?


Indicative learning resources - Web based and electronic resources

IBFD Tax Research Platform

OECD Library

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

Origin date


Last revision date