Registry

Module Specifications

Current Academic Year 2012 - 2013
Please note that this information is subject to change.

Module Title	Taxation
Module Code	AC301
School	DCUBS
Online Module Resources
Module Teacher	Frank Kirby
NFQ level	8	Credit Rating	5
Pre-requisite	None
Co-requisite	None
Compatibles	None
Incompatibles	None

Description

The purpose of this module is to provide participants with an insight and appreciation of the impact of taxation on business and business decisions. The approach taken addresses the needs of participants as (a) informed users fo financial information (b) decision makers with regard to the taxation implications of business decisions and (c) preparers of business plans and the calculation of taxation liabilities. This module is based on the taxation implications for small and medium sized businesses operating within the Republic of Ireland. Students are expected to attend lectures and prepare for and contribute to seminars.

Learning Outcomes

1. Assess the role of taxation in the Irish economy.
2. Identify and discuss the impact of taxation on common business activities and transactions.
3. Advise on the administration aspects of business taxation.
4. Calculate the taxation payable by business in relation to Self-Employed Trading Income, Corporate Trading Income, Value Added Tax, PAYE & PRSI and Relevant Contract Tax.

Workload	Full-time hours per semester
*Type*	*Hours*	*Description*
Lecture	22	2 Weekly lectures
Seminars	10	1 Weekly Seminar
Independent learning time	33	Independent study prior to lectures
Independent learning time	30	Independent preparation for seminars
Examination	28	Direct preparation for end of semester exam
Examination	2	End of semester exam
Total Workload: 125

All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml

Indicative Content and Learning Activities

Introduction.
The development and structure of taxation legislation, Revenue and Capital taxation, Direct and Indirect taxes, Philosophies of Taxation, The objectives of taxation..

Administration.
Role of Budget, Finance Acts, Tax Acts and Case Law, Self Assessment, Tax Registration, Collection of Revenue, Taxpayer obligations..

VAT.
Principles, Scope and Effects on Businesses, Operation of Value Added Tax, Calculation to Tax Payable, Returns and Payment..

PAYE & PRSI.
Principles, Scope and Effect on businesses, Operation of PAYE, Calculation of PAYE and PRSI, Returns and Payments..

Income Tax.
Taxable income and Classification into different Sources, Scope and Rules for each source, Definition of Trade, Allowable and Restricted Expenses, Capital Allowances, Determination of amounts assessable, Computation of Taxable Trading Income and Income Tax Payable, Returns and Payments..

Corporation Tax.
Taxable income and Classification into different Sources, Scope and Rules for each source, Definition of Trade, Allowable and Restricted Expenses, Capital Allowances, Determination of amounts assessable, Computation of Taxable Trading Income, Chargeable Gains and Corporation Tax Payable, Returns and Payments, Dividend Witholding Tax..

Relevant Contract Tax.
Principles, scope and effect on businesses, Operation of RCT, Returns and Payments..

Assessment Breakdown
Continuous Assessment	0%	Examination Weight	100%

Course Work Breakdown
Type	Description	% of total	Assessment Date

Reassessment Requirement
Resit arrangements are explained by the following categories; 1 = A resit is available for all components of the module 2 = No resit is available for 100% continuous assessment module 3 = No resit is available for the continuous assessment component
This module is category 1

Indicative Reading List