MANG3076 Advanced Taxation
Module Overview
The advanced taxation module will expand Auditing and Taxation module (Year Two) which is offered an understanding of the principles underlying the design of an effective taxation system and how operate for different taxes (income, wealth and corporation). The advanced taxation module will introduce more advanced issues related to: the effects of public tax policies at business level (investment and financial decisions) and personal level, advanced issues in Capital Taxes, Taxation for Groups of companies and the international implications of these groups, Introduction to Tax Planning at above levels, Principals of International Taxation, Tax Avoidance, Tax Havens, Double Taxation and sustainability (the use of short-term or long-term tax policies to sustain economic stability).
Aims and Objectives
Module Aims
to build on the knowledge you have gained in MANG2066 Auditing and Taxation module. You will develop a number of valuable lifelong skills in this module, including time-management, research, critical thinking, analytical review, forming an argument, peer review, report writing, team-working, and creative design.
Learning Outcomes
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- advanced practical tax issues about operating tax system with reflection on the UK tax system;
- the implications of the public tax policies at financial and investment decisions for both individuals and businesses with special care about the international implications;
- the analysis of the effects of taxation aspects at international level;
- the implications of international taxation on the governments’ policies, businesses and individuals;
- the influences on tax practices on various theories in tax policy;
- the various aspects of the UK tax system with possible alternative tax systems.
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- prepare computation for the UK corporation tax for groups and personal taxes;
- demonstrate (both in writing and using calculation) intellectual skills associated with analysis, application and critical evaluation of tax policies in practice, and their effects on individuals, businesses and society.
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- demonstrate learning, problem solving, and numeracy skills;
- communicate ideas and argument fluently and effectively in a variety of written forms;
- communicate ideas and argument orally through the formal presentation.
Syllabus
• Introduction (Principles of tax system design, desirable characteristics; tax bases, rates, and taxes classification. • Impacts of a tax system (economic and behavioural incentives and distortions and taxation and sustainability). • Personal taxation (the main features of the UK personal taxation system and capital taxes). • Taxation of business profits at all levels (small businesses, companies, groups and multi-national entities) and the main features of the UK system of corporation tax • Indirect taxes Main features of VAT, excise duties and environmental taxes. • Introduction to International taxation and E-commerce • The Double Taxation, Bilateral and multilateral double tax agreements • Introduction to Tax Planning • International Tax Avoidance, Tax Competition and The Role of Supranational Organizations • Principles of Investment Decisions • Integrating Taxation into Investment Decision Making • Taxation and Financing Decisions
Learning and Teaching
Teaching and learning methods
The module will commence with include a mix of weekly lectures, classes and practical sessions Selected exercises will be used to provide formative feedback to students. Additional exercises and reading will be set for private study.
| Type | Hours |
|---|---|
| Revision | 30 |
| Follow-up work | 30 |
| Preparation for scheduled sessions | 30 |
| Tutorial | 10 |
| Lecture | 24 |
| Wider reading or practice | 20 |
| Completion of assessment task | 6 |
| Total study time | 150 |
Resources & Reading list
Combs, Dixon and Rowes. Taxation – Incorporating the 2016 Finance Act.
Miller and Oats (2014). Principles of International Taxation.
Lymer & Oats (2017). Taxation: Policy and Practice, 2016-17.
Schanz, D, Schanz, S (2011). Business Taxation and Financial Decisions.
James S & Nobes C (2016/2017). The Economics of Taxation.
Assessment
Formative
Multiple choice question
Summative
| Method | Percentage contribution |
|---|---|
| Examination (2 hours) | 80% |
| Group presentation | 20% |
Repeat
| Method | Percentage contribution |
|---|---|
| Examination (2 hours) | 100% |
Referral
| Method | Percentage contribution |
|---|---|
| Examination (2 hours) | 100% |
Repeat Information
Repeat type: Internal & External
Linked modules
Pre requisites: MANG2066 principles of Audit and Taxation AND MANG1001 Financial Accounting 1 or MANG1004 Introduction to Accounting and Financial Control AND ECON1001 foundations of Microeconomics. or ECON1003 Principles of Microeconomics or ECON1009 Introduction to Economics - Non Economists.
Costs
Costs associated with this module
Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.
In addition to this, students registered for this module typically also have to pay for:
Textbooks
Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the mandatory/additional reading text as appropriate.
Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.