ACC3056 : Business Planning: Taxation
- Offered for Year: 2024/25
- Module Leader(s): Mrs Helen Currie
- 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: | 15 |
| Semester 2 Credit Value: | 15 |
| ECTS Credits: | 15.0 |
| European Credit Transfer System | |
Aims
• To build students’ knowledge of taxation gained from the stage 2 tax module
• To enable students to apply technical knowledge and professional skills to identify and resolve tax issues arising in the context of preparing tax computations.
• To enable students to advise on tax-efficient strategies for businesses and individuals.
• To enable students to evaluate the implications of the interaction of taxes in given scenarios.
• To enable students to cover the materials required for the ICAEW’s Professional Level Business Planning: Taxation paper.
Outline Of Syllabus
• Ethics and UK tax law.
• Taxation of corporate entities including international aspects.
• Taxation of unincorporated businesses including partnerships.
• Personal taxation including overseas taxation and trusts.
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 34 | 2:00 | 68:00 | PIP lecture |
| Scheduled Learning And Teaching Activities | Lecture | 1 | 3:30 | 3:30 | PIP Mock exam |
| Guided Independent Study | Assessment preparation and completion | 1 | 72:30 | 72:30 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | PIP seminar |
| Guided Independent Study | Independent study | 1 | 150:00 | 150:00 | N/A |
| Total | 300:00 |
Teaching Rationale And Relationship
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 to 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
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 150 | 2 | A | 100 | Organised in house by NUBS in BAF Assessment Period. Open Book Exam |
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 are provided |
| Prob solv exercises | 2 | M | Practice questions are provided |
| Written Examination | 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 by virtue of this module forming part of the ICAEW "Golden Four" assessments.
Students will receive feedback on their progress through undertaking structured guided learning, engagement with the seminars and submission of their mock exam.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ACC3056's Timetable