Courses / Module

Toggle Print

TAXATION: INCOME TAX & VAT

Module code: AC203
Credits: 10
Semester: 2
Department: ECONOMICS,FINANCE & ACCOUNTING
International:
Coordinator: Hilary Qualter (BUSINESS)

	Overview
	This module addresses the application of the legislation, practices and procedures governing Income Tax in Ireland. It covers the classification of income, computation of taxable income and tax liabilities, residence and domicile, tax credits & reliefs, capital allowances, losses and detailed income tax computations. Additionally the course addresses application of legislation, procedure and practice governing the charge to VAT on routine supplies of goods and services and also provides an introduction to Local Property Tax.

Overview

This module addresses the application of the legislation, practices and procedures governing Income Tax in Ireland. It covers the classification of income, computation of taxable income and tax liabilities, residence and domicile, tax credits & reliefs, capital allowances, losses and detailed income tax computations. Additionally the course addresses application of legislation, procedure and practice governing the charge to VAT on routine supplies of goods and services and also provides an introduction to Local Property Tax.

	Learning Outcomes
	On successful completion of the module, students should be able to: Evaluate the theoretical framework of taxation and the role of taxation in the Irish economy Apply the general principles for administration and computation of Income Tax Identify income that is subject to income tax legislation Apply the appropriate allowances, reliefs and credits to personal income tax liabilities Apply the general principles for administration and computation of VAT Demonstrate the ability to calculate a liability to VAT of a business Determine the manner and timing of payments for Income Tax,VAT and Local Property Tax Apply the general principles for the administration and computation of the Local Property Tax

Learning Outcomes

Teaching & Learning methods

Assessment

	Autumn Supplementals/Resits
	Continuous assessment carried forward University scheduled written examination (Autumn): 180 minutes

	Timetable
	This timetable is not currently available, please contact the Economics,finance & Accounting Department.