Principles of Personal Taxation
Module code: EC2083
Module co-ordinator: Lynne Howey
The personal taxation module aims to enable students to understand the general objectives of taxation, the types of UK tax applicable to individuals, the ethical issues arising in the course of performing personal tax work, the obligations imposed on UK taxpayers and the implications of non-compliance. Furthermore, it aims to ensure that students can prepare tax computations for employed individuals and those with investment income in straightforward scenarios. This module also covers the completion of an individual’s tax return and considers basic tax planning concepts.
The taxes covered in this module are:
- income tax
- national insurance
- capital gains tax
- inheritance tax
Topics covered
- Explaining the objectives, types of tax and ethics affecting individuals
- Preparing tax computations and returns for individuals who are employed and/or receive investment income
- Identifying and describing alternative strategies available to individuals
- Critically evaluating the legal and the ethical implications of a range of taxation strategies
Learning
- 20 one-hour lectures
- 5 one-hour tutorials
Assessment
The module is worth 15 credits towards your second year assessment and will be assessed by:
- A one-hour multiple-choice test (20%)
- A two-hour exam (80%)