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Module

ACC3009 : Taxation in Accounting

  • Offered for Year: 2021/22
  • Module Leader(s): Mrs Tracey Wilson
  • Demonstrator: Mrs Karen Boyd
  • Lecturer: Miss Hayley Deeming, Dr Andrew Holden
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
Semesters
Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0

Aims

To enable students to understand the general objectives, ethics and administration of tax. To calculate income tax, national insurance contributions, capital gains tax corporation tax, inheritance tax, and VAT in straightforward scenarios, including an appreciation of international taxation and basic tax planning.

Outline Of Syllabus

1. Ethics and Administration
2. Income tax and National insurance contributions
3. Capital gains tax
4. Corporation tax, including corporate capital gains
5. VAT
6. Inheritance tax
7. International taxation

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion601:0060:00Time for students to complete formative and summative coursework & assessments
Structured Guided LearningLecture materials61:006:00Pre- recorded lecture materials
Scheduled Learning And Teaching ActivitiesLecture122:0024:00PIP lectures. Some may be split into 2 x 1hour.
Guided Independent StudyDirected research and reading661:0066:00Estimated at an average of 3 hours per teaching week
Scheduled Learning And Teaching ActivitiesSmall group teaching61:006:00PIP seminars
Guided Independent StudyIndependent study381:0038:00N/A
Total200:00
Teaching Rationale And Relationship

The syllabus requires students to master a wide range of taxation principles, rules and techniques, and then to apply to given taxation scenarios. Helping students acquire this competence is achieved through structured lecture material, seminars, significant reading and directed question practice.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Exams
Description Length Semester When Set Percentage Comment
Written Examination1802A100N/A
Exam Pairings
Module Code Module Title Semester Comment
LAC3009Taxation in Accounting2N/A
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1Mpractice questions
Prob solv exercises2Mpractice questions
Assessment Rationale And Relationship

Examination is required to match professional recognition requirements of the accrediting professional bodies. It is also an appropriate way of assessing knowledge and application of the principles involved.
Students will receive feedback on their progress through structured guided learning, by undertaking worked examples and questions and through formative assessment.
In the case of an alternative semester 2 assessment (worth 100% of the overall module mark) being necessary due to circumstances, the module leader will in the first instance consult with the DPD as to the requirements of the professional accrediting body to discuss possible acceptable alternatives. In 2020/21 this alternative was a 24 hour take home exam delivered online, and it is envisioned that if circumstances do not allow a present-in-person timed exam at the end of semester 2, and the professional body agrees, than this may well be an example of the type of alternative assessment which could be put in place.

Reading Lists

Timetable