Registry
Module Specifications
Current Academic Year 2012 - 2013
Please note that this information is subject to change.
| |||||||||||||||||||||||||||||||||||||||||
| Description | |||||||||||||||||||||||||||||||||||||||||
|
This module develops students' understanding of the theory, legislation and practice governing the taxation of individuals'income in Ireland. It helps to prepare students to advise individuals on their exposure to tax on personal and business income and the obligations regarding same. It also introduces students to the principles and practice of Value Added Tax. It develops students'analytical skills by applying their knowledge and understanding to solving practical problems. The main mode of delivery is lectures and seminars and students are required to prepare material in advance of attendence at seminars. | |||||||||||||||||||||||||||||||||||||||||
| Learning Outcomes | |||||||||||||||||||||||||||||||||||||||||
|
1. Interpret decisions of the Irish, UK and European courts on income and value added tax matters 2. Identify all sources of taxable income 3. Distinguish between capital and revenue receipts and payments 4. Calculate the taxable income of individuals in receipt of trading and professional income; cash and non-cash employment income; rental and investment income. 5. Determine the credits and reliefs available to individuals with a variety of personal circumstances 6. Recognise the impact of taxation on the operations of unincorporated buinesses and on business decisions 7. Appreciate the role of incentives in the Irish Income tax system 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 |
|||||||||||||||||||||||||||||||||||||||||
| Indicative Content and Learning Activities | |||||||||||||||||||||||||||||||||||||||||
|
Theory of Taxation. Historical development of taxation; the role of taxation in the economy; the distinction between revenue and capital taxation; direct and indirect taxes; progressive, proportional and regressive taxes; the tax base; the impact of case law on the taxation system; evasion and avoidance.. Administration and Structure. General structure of the taxation system; self assessment system; preparation and submission of returns; payment dates; appeals procedures; revenue audits; penalties.. Residence and Domicile. Residence, domicile, ordinary residence: their relevance to Income Tax; Double Taxation Relief; Introduction to the general provisions of the Irish/UK Double Taxation Agreement.. Income Tax. Definition of income; computation of income of an individual and tax payable; tax credits; personal allowances and reliefs; charges and deductions; taxation of married persons and civil partners.. Schedule D Case III, IV and V. Determination of amounts assessable; taxation of savings; DIRT; taxation of rental income including residential accommodation reliefs; premiums; 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 Universial Social Charge. Scope and calculation of USC and PRSI in respect of class A1 employees, employers and the self employed.. Schedule D Cases I and II. Definition of a trade; computation of assessable income; rules applicable to commencement, cessation; relief for losses.. Capital Allowances. Definition of plant and machinery, industrial buildings, calculation of available allowances.. Partnerships. Determination of partners share of assessable profits, capital allowances and losses.. Value Added Tax. General principles and administration; registration; records; exemptions and reliefs; input credits; special schemes; returns and payment; group registration, Intra community supplies and acquisitions; import and exports.. | |||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||
| Indicative Reading List | |||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||
| Other Resources | |||||||||||||||||||||||||||||||||||||||||
| 4654, website, Revenue Commissioners, 0, Revenue - Irish Tax and Customs, www.revenue.ie, 4661, Database, Irish Taxation Institute, 2012, TaxFind, Dublin, Irish Taxation Institute, | |||||||||||||||||||||||||||||||||||||||||
| Array | |||||||||||||||||||||||||||||||||||||||||
| Programme or List of Programmes | |||||||||||||||||||||||||||||||||||||||||
| PBSSA | PG Exchange(Business School) | ||||||||||||||||||||||||||||||||||||||||
| PDA | Professional Diploma in Accounting | ||||||||||||||||||||||||||||||||||||||||
| Timetable this semester: Timetable for AC553 | |||||||||||||||||||||||||||||||||||||||||
| Date of Last Revision | 21-JUN-10 | ||||||||||||||||||||||||||||||||||||||||
| Archives: |
| ||||||||||||||||||||||||||||||||||||||||
