| Module Identifier |
AC32510 |
| Module Title |
TAXATION |
| Academic Year |
2002/2003 |
| Co-ordinator |
Professor Kevin M P Holland |
| Semester |
Semester 1 |
| Course delivery |
Lecture | 14 Hours |
| |
Seminars / Tutorials | 4 Hours |
| Assessment |
Semester Exam | 2 Hours | 100% |
Learning outcomes
On completion of the module the student should be able to:
-
Describe and apply the basic rules of UK taxation, in particular those relating to Income Tax, Capital Gains Tax, Corporation Tax, Inheritance Tax and Value Added Tax
-
Evaluate current bases of taxation in terms of their efficiency, equity and cost of compliance
-
Identify and critically discuss the key issues in taxation at the inter-state level
-
Critically discuss the possible influences of taxation on the functioning of capital markets
Brief description
The module focuses on four aspects of taxation:
-
the mechanics of the UK tax system
-
the economic considerations in tax policy
-
international considerations including the taxation of e-commerce
-
tax planning and the impact of taxation on capital markets
Objectives
The module is designed to provide students with an appreciation of the principles underlying the design and impact of a taxation system and the principles underlying the various taxes that comprise the UK taxation system.
Outline syllabus
1. Module introduction: Coverage of module and introduction to taxation using the UK taxation system as a basis of discussion.
2(a). Theory and practice of personal income and wealth taxes: UK Income Tax, Capital Gains Tax (CGT) and Inheritance Tax (IHT).
2(b). Theory and practice of corporate taxation: UK Corporation Tax and international considerations.
2(c). Sales taxes and Value Added Tax (VAT).
3. The incidence and cost of taxation: efficiency and compliance costs.
4. Interaction between sovereign taxation systems (International taxation); Behavioural responses to International taxation, tax co-ordination and tax competition and the taxation of e-commerce.
5. Tax planning and the influence of taxation on capital markets.
Reading Lists
Books
** Essential Reading
S. James and C. Nobes. (2000)
Economics of Taxation. 7th. Financial Times Prentice Hall