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Module

ACC3056 : Business Planning: Taxation

  • Offered for Year: 2022/23
  • Module Leader(s): Mrs Helen Currie
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
Semesters
Semester 1 Credit Value: 15
Semester 2 Credit Value: 15
ECTS Credits: 15.0

Aims

• To build students’ knowledge of taxation gained from the stage 2 tax module
• To enable students to apply technical knowledge and professional skills to identify and resolve tax issues arising in the context of preparing tax computations.
• To enable students to advise on tax-efficient strategies for businesses and individuals.
• To enable students to evaluate the implications of the interaction of taxes in given scenarios.
• To enable students to cover the materials required for the ICAEW’s Professional Level Business Planning: Taxation paper.

Outline Of Syllabus

• Ethics and UK tax law.
• Taxation of corporate entities including international aspects.
• Taxation of unincorporated businesses including partnerships.
• Personal taxation including overseas taxation and trusts.

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture342:0068:00PIP lecture
Guided Independent StudyAssessment preparation and completion173:0073:00N/A
Scheduled Learning And Teaching ActivitiesLecture13:003:00PIP Mock exam
Scheduled Learning And Teaching ActivitiesSmall group teaching61:006:00PIP seminar
Guided Independent StudyIndependent study1150:00150:00N/A
Total300:00
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 to 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.

Assessment Methods

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

Exams
Description Length Semester When Set Percentage Comment
Written Examination1502A100Organised in house by NUBS in BAF Assessment Period. Open Book Exam
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1MPractice questions are provided
Prob solv exercises2MPractice questions are provided
Written Examination2MMock 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.

Reading Lists

Timetable