Module Identifier AC32510  
Module Title TAXATION  
Academic Year 2003/2004  
Co-ordinator Professor Kevin M P Holland  
Semester Semester 1  
Course delivery Lecture   12 Hours  
  Seminars / Tutorials   3 Hours  
Assessment TypeAssessment Length/DetailsProportion
Semester Exam2 Hours  100%

Learning outcomes

On completion of the module the student should be able to:

  1. 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
  2. Evaluate current bases of taxation in terms of their efficiency, equity and cost of compliance
  3. Identify and critically discuss the key issues in taxation at the inter-state level
  4. Critically discuss the possible influences of taxation on the functioning of capital markets

Brief description

The module focuses on four main aspects: (i) the economic characteristics and assessment of effective tax system design; a broad description of the UK tax system; (ii) international considerations including tax co-ordination, competition and the taxation of e-commerce; and (iv) conceptual issues in tax planning and the impact of taxation on capital markets.


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.

Reading Lists

** Should Be Purchased
S. James and C. Nobes (2000) Economics of Taxation 7th edition. Financial Times Prentice Hall. (As the text focuses on tax principles there is no need to buy the latest 2002/03 edition if a cheaper 7th edition is available)
A. Lymer, L. Oats and D. Hancock (2003-04) Taxation: Policy and Practice 10th edition. Accounting Education. (8th and 9th editions by A. Lymer and D. Hancock can be used if allowance is made for subsequent change in tax rates, full details of which will be given in the first lecture).
J E Stiglitz (20003) Economics of the Public Sector W W Norton & Company
** Recommended Consultation
Edited by Andrew Lymer and John Hasseldine (2002) The International Taxation System Hoston: Kluwer Academic Publishers
M S Scholes, M A Wolfson, M Erickson, E L Maydew and T Shevlin (2002) Taxes and Business Strategy: A Planning Approach 2nd edition.
Edited by Michael P Devereux (1996) The Economics of Tax Policy Oxford University Press
In addition to the above texts students are required to read a number of journal articles. A full reading list and module outline is available via Blackboard ( and will be distributed in the first lecture.


This module is at CQFW Level 6