ADVANCED TAXATION

SHE Level 4
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code MHN425637
Module Leader n/a
School Glasgow School for Business and Society
Subject Finance and Accounting
Trimester
  • B (January start)

Pre-Requisite Knowledge

Taxation

Summary of Content

Tax bases . Impacts of a tax system (economic and behavioural incentives and distortions and taxation and sustainability). Corporation tax in the 21st century - implications with EC . Other Indirect taxes Main features of excise duties and environmental taxes. Introduction to International taxation and E-commerce - double tax treaties; tax havens The Double Taxation, Bilateral and multilateral double tax agreements Tax Planning for individulas: Trusts, wills, beneficiaries International Tax Avoidance, Tax Competition Principles of Investment Decisions Integrating Taxation into Investment Decision Making Taxation and Financing Decisions . Money Laundering; tax advisers ethics and rules affecting them . Scottish taxation - different rules Historical aspects . Tax disputes . Advanced computational aspects:Income tax losses; corporation tax groups and consortia; CGT reliefs

Syllabus

-Tax bases - Impacts of a tax system (economic and behavioural incentives and distortions and taxation and sustainability). - Corporation tax in the 21st century - implications with EC - Other Indirect taxes Main features of excise duties and environmental taxes. - Introduction to International taxation and E-commerce - double tax treaties; tax havens - Tax Planning for individulas: Trusts, wills, beneficiaries - International Tax Avoidance, Tax Competition Principles of Investment Decisions Integrating Taxation into Investment Decision Making Taxation and Financing Decisions . Money Laundering; tax advisers ethics and rules affecting the profession - Scottish taxation Historical aspects Tax disputes Advanced computational aspects: Income tax losses; corporation tax groups and consortia; CGT reliefs; Trust tax computations

Learning Outcomes

On successful completion of this module, students should be able to:1. Demonstrate an understanding of the legal, political and historical perspectives of taxation which inform current issues in tax practice. 2. Demonstrate an understanding of the fundamental concepts in international taxation, including the differemces between English and Scottish taxation3. Critically evaluate tax planning for death and succession, showing competence in inheritance tax computations.4. Demonstrate an understanding of tax ethics and money laundering legislation5. Prepare calculations for the various reliefs available to individuals for both income and capital gains tax6. Prepare calculations for groups and consortia, including double taxation

Teaching / Learning Strategy

There will be two hours of lectures per week. Lectures will be used to highlight the key issues in a specific topic and point the way towards relevant journal articles and other appropriate literature. Students will be then expected to prepare for following week's lectures on each topic by engaging in literature searches, undertaking relevant reading and preparing responses to discursive and where necessary, computational questions. The lectures will adopt a variety of teaching styles including seminar style contributions such as group discussion to enhance intellectual, critical and analytical skills. For more applied topics, students will be required to attempt relevant problem or scenario based questions prior to the lectures taking place, providing the basis for deepening professional skills, knowledge and understanding. Appropriate use will be made of C&IT resources including GCULearn support. GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCULearn to ensure student support and information sharing. GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCULearn to ensure student support and information sharing. Students are provided with formative and summative feedback via a variety of mechanisms. Feedback on coursework is provided within 3 working weeks of submission.

Indicative Reading

Melville, Alan "Taxation", Sthe same edition used in the 3rd year module Journal articles Grey materials available from professional accounting magazines

Transferrable Skills

By the end of this module students will have gained competence in the following key areas: b7 Execution of a defined project of research. This will be reflected in acquiring, analysing and communicating information for the essay; b7 Using a range of forms of communication effectively and conveying complex ideas in a well-structured and coherent form. This will be reflected in acquiring, analysing and communicating information for the essay, in seminar contributions, and in the presentations; b7 Making formal presentations about a specialised topic. This will be reflected in the presentations; b7 Practising in ways which show a clear awareness of own and others' roles and responsibilities. This will be reflected in the group presentation and in seminar contributions. Students will be able to carry out more advanced levels of tax planning through more detailed calculations.

Module Structure

Activity Total Hours
Lectures (FT) 24.00
Assessment (FT) 50.00
Seminars (FT) 12.00
Independent Learning (FT) 114.00

Assessment Methods

Component Duration Weighting Threshold Description
Group Presentation 1.00 50.00 35% Group presentation
Exam (Exams Office) 2.00 50.00 35% Formal exam exams office