Course Details
Course Information Package
Course Unit Title | ADVANCED TAXATION II | ||||||||
Course Unit Code | AFAT421 | ||||||||
Course Unit Details | |||||||||
Number of ECTS credits allocated | 5 | ||||||||
Learning Outcomes of the course unit | By the end of the course, the students should be able to:
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Mode of Delivery | Face-to-face | ||||||||
Prerequisites | AFAT420 | Co-requisites | NONE | ||||||
Recommended optional program components | NONE | ||||||||
Course Contents | Introduction to computer organization and architecture: Instruction cycle and flow of information at the register level. Instruction Set Architectures, instruction formats and instruction decoding. Relation between machine language, assembly language and high level languages. Corporation tax: Computations involving basic and advanced aspects (such as groups and overseas tax). Computations for special purpose enterprises (e.g. investment companies, insurance, shipping etc). Examine the tax effects on distributions to shareholders after a winding up has concerned. Connected persons - Understand the arms length principle and its tax implications. Prepare tax computations involving companies controlled by five or fewer persons. Examine the tax implications of director loans. Stamp duty: Scope, exemptions, computations and administration of the tax. Examine its role in tax planning. Transfer tax: Scope, exemptions, computations and administration of the tax. Examine its role in tax planning. Corporate Financial Management: Understanding and application of corporate financial management principles. Capital Gains Tax: Scope, computations and administration of the tax. Examine the capital gains tax with areas such as connected persons. Provide solutions to minimising tax using available tax reliefs. VAT: Basic principles, groups and divisions. Identify the rules on advanced aspects of VAT such as: the supply of land and buildings; supplies within the EU; imports and exports etc. Income tax: Understand the basic principles of income tax. Prepare income tax computations for individuals involving both basic principles and advanced aspects. Tax planning: Tax planning for individuals concerning corporation tax, income tax, special defence contributions, social contributions and VAT. | ||||||||
Recommended and/or required reading: | |||||||||
Textbooks |
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References |
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Planned learning activities and teaching methods | The taught part of course is delivered to the students by means of lectures. Lecture notes and presentations are available through the web for students to use in combination with the textbooks. Lectures are supplemented with class exercises carried out in class and via homework. The students will be asked to complete an assignment during the course. | ||||||||
Assessment methods and criteria |
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Language of instruction | English | ||||||||
Work placement(s) | NO |