| Title | Corporation Tax Issues in the Global Environment |
| Code | FIN5880 |
| School | RBS |
| Module Level | 5 |
| Module Code | FIN5880 |
| Available Summer | N |
| Semester | 1 |
| Credits | 12 |
| ECTS Credits | 6 |
| Contact Hours | 48 |
| Course Length (wks) | 12 |
| Course Leader | Brian Kriefman |
| Lecturers | Marie Byrom |
| Course Aims | The module aims to:
Develop knowledge and understanding at a basic level of core areas of business taxation.
Explain the operation of the UK taxation system
Provide students with a sound management perspective of the UK accounting framework of taxation.
Explain the obligations of corporation tax payers and their agents
Demonstrate the implications of non-compliance with Tax Regulations
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| Course Content | Accounting techniques, data collection, problem solving and analysis. Also knowledge acquisition skills, particularly associated with reading peer-reviewed journal articles.
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| Learning Outcomes | On completion of this module, students should be able to:
LO1 Discuss the operation and scope of the UK taxation system.
LO2 Analyse and compute the corporation tax liabilities of individual companies
LO3 Analyse and compute the chargeable gains arising on companies
LO4 Explain the significance of “Tax Havens”
LO5 Discuss and assess global corporation taxation, identifying current issues in Europe, the Middle East and Russia
LO6 Analyse the effect of International Tax Treaties on corporate policy
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| Presentation | Students attend class sessions. There will be a range of activities including interactive lectures and discussions which relate to the scheme of work above. Students are introduced to theories in the lectures and there will be a consistent approach to the class work which emphasises the relationship between theory and practice. A core text is recommended, and students are expected to assess recent developments in the module topics.
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| Reading Recommended | ANDREW L. (2007), Taxation – Policy and Practice. 13th edition.
London: Blackwell.
ANDREW L. (2007), The International Taxation System. London: Blackwell.
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| Reading Required | MELVILLE A. (2007), Taxation – Finance Act 2007. 13th edition. London: FT Prentice Hall. |
| Pre-Requisites | ACC5820 Financial Accounting II |
| Asseseement Methods | In-class test focused upon corporation taxation liabilities - week 6 - 15% Individual assignment based on a topical issue in a recent journal article- Week 8 - 20% In-class test focused upon the obligations of corporation tax payers and implications of non-compliance - Week 10 - 15% Written examination - Exam week - 50% |
| Weekly Schedule | An introduction to corporation taxation in the UK.
Preparing the computations of single companies and groups: the basis of assessment of trading gains and losses
Computations of capital allowances
Capital gains taxation
VAT – and the effects on incorporated and unincorporated companies
Obligations of taxation payers in the UK
Current taxation issues in the global environment
Tax havens and international taxation treaties |