Registry
Module Specifications
Current Academic Year 2012 - 2013
Please note that this information is subject to change.
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| Description | |||||||||||||||||||||||||||||||||||||||||
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This module develops students' understanding of the theory, legislation and practice governing the taxation of individuals'income and businesses' charge to value added tax.It develops students'analytical skills by applying their knowledge and understanding to solving practical problems. It helps to prepare students to advise individuals on their exposure to and obligations regarding personal and business income. The main mode of delivery is lectures and seminars and students are required to prepare material in advance of attendence at seminars. | |||||||||||||||||||||||||||||||||||||||||
| Learning Outcomes | |||||||||||||||||||||||||||||||||||||||||
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1. Evaluate the theoretical framework of taxation 2. Assess the role of taxation in the Irish economy 3. Interpret decisions of the Irish, UK and European courts on income and value added tax matters 4. Identify sources of taxable income and distinguish between capital and revenue receipts and payments 5. Calculate the taxable income of individuals in receipt of cash and non-cash employment income, trading and professional income, rental and investment income 6. Determine the credits and reliefs available to individuals depending on their personal circumstances 7. Recognise the impact of taxation on the operations of unincorporated buinesses, business decisions and the role of taxation incentives 8. Identify transactions and entities liable to VAT and calculate the resulting liability 9. Advise taxpayers on the administrative aspects of income tax and value added tax | |||||||||||||||||||||||||||||||||||||||||
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 |
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| Indicative Content and Learning Activities | |||||||||||||||||||||||||||||||||||||||||
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Theory and Philosophies of Taxation. Objectives of taxation; the distinction between revenue and capital taxation, direct and indirect taxes; the impact of case law on the taxation system; evasion and avoidance; economic and behavioural effects of tax; effects of tax on work effort and saving; Evaluation of tax systems.. Administration. General structure of the taxation system; self assessment system; preparation and submission of returns; payment dates, appeals procedures; revenure audits; penalties. Residence and domicile. Residence, domicle, ordinary residence; their relevance to income tax; double taxation relief; introduction to the general provisions of the Irish/UK double taxation agreement.. Schedule D Cases III, IV and V. Determination of amounts assessable; taxation of savings; DIRT, taxation of rental income including premiums, rented residential accommodation reliefs and losses.. Schedule F. Computation of assessable income; dividend withholding tax.. Schedule E. Meaning of office or employment; computation of assessable income and reliefs; benefits in kind; termination payments; scope and operation of the PAYE system.. Pay Related Social Insurance and Universal Social Charge. Scope and calculation USC and PRSI for class A1 employees, employers and self employed.. Schedule D Case I and II. Definition of a trade; computations of tax adjusted profits: basis of assessment, commencement and cessation rules; relief for losses; taxation of partnerships.. Capital Allowances. Definitiion of plant and machinery, industrial buildings; allowances available.. Computations of Income of Individuals and Tax Payable. Tax credits, personal allowances and reliefs, charges and deductions; taxation of married couples and civil partners.. Value Added Tax. General principles and administration, registration; records; payment; deductible and non-deductible VAT; cash receipts basis; group registration; Intra community supplies; imports and exports.. | |||||||||||||||||||||||||||||||||||||||||
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| Indicative Reading List | |||||||||||||||||||||||||||||||||||||||||
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| Other Resources | |||||||||||||||||||||||||||||||||||||||||
| 4662, data base, Irish Taxation Institute, 0, Tax Find, Dublin, Irish Taxation Institute, 4663, Website, Irish Revenue Commissioners, 0, Revenue Irish Tax and Customs, www.revenue.ie, | |||||||||||||||||||||||||||||||||||||||||
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| Programme or List of Programmes | |||||||||||||||||||||||||||||||||||||||||
| AF | BA in Accounting & Finance | ||||||||||||||||||||||||||||||||||||||||
| Timetable this semester: Timetable for AC305 | |||||||||||||||||||||||||||||||||||||||||
| Date of Last Revision | 21-JUN-10 | ||||||||||||||||||||||||||||||||||||||||
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