Business Taxation

Module code: AF2085

This module provides an introduction to the key UK business taxes. It is a practical module looking at the application of the current tax legislation to everyday real life scenarios. It gives a good insight into what a career in business taxation will involve.
 
At the end of the module you will be able to calculate the UK income tax and NIC liabilities of an individual who is self-employed, operating as a sole trader or in partnership. You will understand the tax implications of making tax losses. You will be able to calculate the corporation tax payable by UK profitable companies, and understand the tax implications of companies making losses. You will be able to understand value added tax and complete a VAT return. You will be able to complete a UK self assessment tax return of a self-employed individual and corporation tax return.

Topics covered:

• Income tax for self-employed individuals
• National Insurance for self-employed individuals
• Corporation tax
• Value added tax
• Tax administration and professional ethics in relation to taxation