Course Information Package
|Course Unit Title||TAXATION II|
|Course Unit Code||ABSA414|
|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:|
|Mode of Delivery||Face-to-face|
|Recommended optional program components||NONE|
Corporation tax: Construct computations involving advanced aspects. Group tax theory. Foreign tax aspects. Balancing allowances and charges.
Income tax and business tax: Assess the basic principles of income tax. Prepare income tax computations for individuals involving both basic principles and advanced aspects. Rental income assessments. Foreign tax aspects. Benefits in kind.
Capital Gains Tax: Examine the scope of this tax. Prepare computations for the tax and recognise the administration of the tax. Examine aspects of capital gains tax in the areas such as gifts, inheriting property, exchanging property etc. Produce solutions to minimising tax using available tax reliefs.
VAT: Evaluate the basic principles of VAT for individuals and companies. Registration and deregistration. Tax point theory. Computations of VAT. The calculation of the VAT Return bearing in mind various reliefs that may be claimed. VAT for groups.
Administration of tax: Apply the procedures concerning the administration of tax giving advice to clients in the form of letters, memos or reports. Provide tax advice concerning late payment of tax and potential interest and penalty payments for individuals and companies.
Social insurance: An introduction to Social Insurance and its computations concerning employees and employers.
Tax planning: Applying tax planning solutions for individuals and companies concerning: corporation tax, income tax, husband and wife cases, capital gains tax and VAT.
|Recommended and/or required reading:|
|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|
|Language of instruction||English|