ACC3009 : Taxation
- Offered for Year: 2024/25
- Module Leader(s): Dr Andrew Holden
- Lecturer: Mrs Tracey Wilson
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 10 |
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 10.0 |
| European Credit Transfer System | |
Aims
To enable students to understand the general objectives, ethics and administration of tax. To calculate income tax, national insurance contributions, capital gains tax corporation tax, inheritance tax, and VAT in straightforward scenarios, including an appreciation of international taxation and basic tax planning.
Outline Of Syllabus
1. Ethics and Administration
2. Income tax and National insurance contributions
3. Capital gains tax
4. Corporation tax, including corporate capital gains
5. VAT
6. Inheritance tax
7. International taxation
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 15 | 2:00 | 30:00 | PIP lectures. Some may be split into 2 x 1hour. |
| Guided Independent Study | Assessment preparation and completion | 60 | 1:00 | 60:00 | Time for students to complete formative and summative coursework & assessments |
| Guided Independent Study | Directed research and reading | 66 | 1:00 | 66:00 | Estimated at an average of 3 hours per teaching week |
| Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | PIP seminars |
| Guided Independent Study | Independent study | 38 | 1:00 | 38:00 | N/A |
| Total | 200:00 |
Teaching Rationale And Relationship
The syllabus requires students to master a wide range of taxation principles, rules and techniques, and then to apply to given taxation scenarios. Helping students acquire this competence is achieved through structured lecture material, seminars, significant reading and directed question practice.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 180 | 2 | A | 100 | N/A |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 1 | M | practice questions |
| Prob solv exercises | 2 | M | practice questions |
Assessment Rationale And Relationship
Examination is required to match professional recognition requirements of the accrediting professional bodies. It is also an appropriate way of assessing knowledge and application of the principles involved.
Students will receive feedback on their progress through structured guided learning, by undertaking worked examples and questions and through formative assessment.
In the case of an alternative semester 2 assessment (worth 100% of the overall module mark) being necessary due to circumstances, the module leader will in the first instance consult with the DPD as to the requirements of the professional accrediting body to discuss possible acceptable alternatives. In 2020/21 this alternative was a 24 hour take home exam delivered online, and it is envisioned that if circumstances do not allow a present-in-person timed exam at the end of semester 2, and the professional body agrees, than this may well be an example of the type of alternative assessment which could be put in place.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ACC3009's Timetable