Nottingham University Business School
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Principles of Taxation

Please note that the following information may be subject to change.

Programme: Undergraduate

Module Code: N11902

Semester: Spring

Convenor: Tommaso Faccio

Credits & Level: 10 credits; Level 1

Pre-requisites: None.

Co-requisites: None.

Target Students: Available to BSc Accountancy students only

Delivery: 11 two-hour lectures and 3 one-hour seminars

Assessment: One 2-hour exam (100%)

Exam Format:Section A: 40 multiple-choice questions which will involve numerical computation (80 marks); Section B: Answer FOUR short answer questions from a choice of FIVE, which will involve computation and short essay questions (20 marks).

Summary of Content Introduction to income tax; employment income; national insurance contributions; corporation tax; trading profits and basis of assessment; capital allowances; capital gains tax (individuals); value added tax

Aims The aim of the module is to enable students to understand the general objectives of taxation and to calculate income tax, national insurance contributions, capital gains tax, corporation tax and VAT in straightforward scenarios

Key Words: Income tax; corporation tax; value added tax

Learning Objectives & Outcomes Knowledge and understanding
This module develops a knowledge and understanding of:
  • The main current technical language and practices of accounting in a specified socio-economic domain
Intellectual skills
This module develops:
  • The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions
  • The ability to analyse and evaluate a range of business data, sources of information and appropriate methodologies, which includes the need for strong digital literacy, and to use that research for evidence-based decision-making
  • The ability to analyse and draw reasoned conclusions concerning structured and, to a more limited extent, unstructured problems from a given set of data and from data which must be acquired by the student.
Professional practical skills
This module develops:
  • Numeracy and quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena
Transferable (key) skills
This module develops:
  • Articulating and effectively explaining information
Knowledge and understanding
This module develops a knowledge and understanding of:
  • The main current technical language and practices of accounting in a specified socio-economic domain



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Nottingham University Business School

Jubilee Campus
Nottingham
NG8 1BB

telephone: +44 (0) 115 846 6602
fax: +44 (0) 115 846 6667
email: business-enquiries@nottingham.ac.uk