AFM2101: Tax Fundamentals

Offered for Year: 2025/26

Module Leader(s): Mrs H Currie

Owning School: Newcastle University Business School

Teaching Location: Newcastle City Campus

Semesters

Semester	Credit Value
Semester 1	10
Semester 2	10
FHEQ Level	5

Aims

To understand the general objectives of taxation.

To calculate income tax, national insurance contributions, capital gains tax, inheritance tax, corporation tax, VAT and stamp taxes in straightforward scenarios.

Outline of syllabus

Objectives, types of tax and ethics
Administration of taxation
Income tax and national insurance contributions
Capital gains tax and inheritance tax
Corporation tax and company gains
VAT and stamp taxes

Teaching methods

Teaching activities

Category	Activity	Number	Length (HH:MM)	Student Hours (HH:MM)
Scheduled Learning And Teaching Activities	Lecture	21	02:00	42:00
Scheduled Learning And Teaching Activities	Small group teaching	6	02:00	12:00
Guided Independent Study	Independent Study	76	01:00	76:00
Guided Independent Study	Assessment preparation and completion	76	01:00	76:00
Total Hours	200

Teaching rationale and relationship to Learning Outcomes

The syllabus requires students to master a wide range of taxation principles, rules and techniques, and then to apply these to given taxation scenarios. Helping students acquire this competence is best achieved by structured guided learning to help master the topics, with scheduled small group teaching to assist the application and to form part of the formative assessment.

Assessment methods

Exams

Type	Length (mins)	Semester	When set	Percentage	Comments
Written Examination	120	2	A	50%	Organised in house by NUBS in BAF Assessment Period.

Formative assessments

Formative Assessment is an assessment that develops your skills in being assessed, allows you to receive feedback, and prepares you for being assessed. However, it does not count towards your final mark.

Description	Semester	When Set	Comment
Written Examination 1	2	M	Mock exam

Assessment rationale and relationship

Unseen examination is required to match professional recognition requirements.

There are no alternative assessments. Accreditation requires in-person invigilated assessments.

Students will receive feedback on their progress through undertaking structured guided learning, engagement with the seminars and submission of their mock exam.