Principles of Business Taxation

Module code: EC3085

Module co-ordinator: Lynne Howey

In this module you will learn about the types of UK tax applicable to self-employed individuals, partnerships and companies and the ethical issues arising in the course of performing business tax work. We will discuss the obligations imposed on UK taxpayers, and the implications of non-compliance. You will learn how to prepare tax computations for self-employed individuals, partnerships and companies in straightforward scenarios. We will also look at how to complete a company’s tax return and discuss basic tax planning concepts.

The taxes covered in this module are:

  • Income Tax for self-employed individuals
  • National Insurance
  • Corporation Tax
  • VAT

Topics covered

  • Types of tax and ethics affecting self-employed individuals, partnerships and companies
  • Preparing tax returns for companies
  • Alternative strategies available to self-employed individuals, partnerships and companies
  • Legal and the ethical implications of a range of taxation strategies

Learning

  • 20 one-hour lectures
  • 5 one-hour tutorials

Assessment

  • Multiple-choice test, 1 hour (20%)
  • Exam, 2 hours (80%)