The University of Southampton

MANG2042 Tax Policy and Practice

Module Overview

Aims and Objectives

Module Aims

To provide an introduction to the principles of personal and business taxation. To examine some of the main features of UK taxation To analyse the effect of taxation on selected individual and business decisions.

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • Principles of personal and business taxation
  • The main features of the operation of selected UK taxes
  • Some theories of taxation policy and some possible alternative taxation systems.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • Having successfully completed this module you will be able to: demonstrate learning, communication, problem solving, and numeracy skills.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • prepare simple computations for major UK taxes (e.g. income tax, corporation tax, national insurance, capital gains tax)
  • illustrate the effect of taxation on various individual and business decisions.
  • assess the influences on taxation practice of various theories in tax policy
  • compare aspects of the UK tax system with possible alternative systems
  • demonstrate (both in writing and using calculation) intellectual skills associated with analysis, application and critical evaluation of tax policy and practice, and their effects on individuals, businesses and society.


Introduction. Principles of tax system design: desirable characteristics; tax bases (income, expenditure, wealth), module and rates. Direct and indirect taxes. Impacts of a tax system: possible economic and behavioural incentives and distortions. Administration and compliance. International considerations. Personal taxation: taxation as it effects individuals. The main features of the UK personal taxation system. Taxation of business profits and companies: the problems of taxing business and corporate profits; the main features of the taxation of business profits in the UK; the main features of the UK system of corporation tax; issues in taxation of small businesses. Indirect taxes: Main features of VAT and excise duties; environmental taxes. Introduction to International taxation.

Learning and Teaching

Teaching and learning methods

Lectures, weekly classes and 6-7 hours per week of private study including reading and use of websites and working computational problems.

Independent Study116
Total study time150

Resources & Reading list

Lymer & Oats. (2012). Taxation: Policy and Practice, 2012-2013. 



MethodPercentage contribution
Exam  (2 hours) 90%
Group mini-presentation 10%
Share this module Facebook Google+ Twitter Weibo

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.