ACC2065 : Tax Compliance
ACC2065 : Tax Compliance
- 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: | 10 |
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 10.0 |
| European Credit Transfer System | |
Pre-requisite
Modules you must have done previously to study this module
Pre Requisite Comment
Only available to students on NN14/ NN49
Co-Requisite
Modules you need to take at the same time
Co Requisite Comment
N/A
Aims
• To understand the tax implications of a course of action
• To explain potential tax treatments of transactions
• To prepare tax computations for individuals and companies
Outline Of Syllabus
• Ethical issues arising in the course of performing tax work
• Obligations the UK system of taxes imposes on taxpayers and implications for taxpayers of noncompliance
• Income tax for individuals
• Capital gains tax for individuals
• Inheritance tax
• National insurance
• Corporation tax
• VAT
• Stamp taxes
Learning Outcomes
Intended Knowledge Outcomes
To prepare students for the knowledge needed to undertake Business Planning: Taxation at Stage 3. To be able to:
• Calculate the capital gains tax payable by individuals.
• Recognise and discuss ethical issues arising in the course of performing tax work and
• Identify the obligations the UK system of tax imposes on taxpayers and the implications for taxpayers of non-compliance.
• Calculate the amounts of income tax owed by or owed to individuals.
• Calculate the amounts of inheritance tax due on lifetime transfers and transfers on death by individuals, personal representatives and trustees.
• Calculate the amounts of national insurance payable by individuals, businesses and companies.
• Calculate the corporation tax liabilities of companies.
• Calculate the amount of VAT owed by or owed to businesses.
• Calculate the amount of stamp taxes due in straightforward transactions
Intended Skill Outcomes
To prepare students for the skills needed to undertake Business Planning: Taxation at Stage 3. To calculate tax computations for individuals and companies.
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 1 | 3:30 | 3:30 | PIP mock exam |
| Scheduled Learning And Teaching Activities | Lecture | 30 | 2:00 | 60:00 | PIP lectures |
| Guided Independent Study | Assessment preparation and completion | 1 | 50:30 | 50:30 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | PIP seminars |
| Guided Independent Study | Independent study | 1 | 80:00 | 80:00 | 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 these to given taxation scenarios. Helping students 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.
Reading Lists
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. |
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.
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ACC2065's Timetable
Past Exam Papers
- Exam Papers Online : www.ncl.ac.uk/exam.papers/
- ACC2065's past Exam Papers
General Notes
N/A
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Disclaimer
The information contained within the Module Catalogue relates to the 2024 academic year.
In accordance with University Terms and Conditions, the University makes all reasonable efforts to deliver the modules as described.
Modules may be amended on an annual basis to take account of changing staff expertise, developments in the discipline, the requirements of external bodies and partners, and student feedback. Module information for the 2025/26 entry will be published here in early-April 2025. Queries about information in the Module Catalogue should in the first instance be addressed to your School Office.