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PERSONAL AND BUSINESS TAXATION

Module code: AC207
Credits: 10
Semester: 2
Department: ECONOMICS,FINANCE & ACCOUNTING
International:
Coordinator: Hilary Qualter (BUSINESS)

	Overview
	This module addresses the principles of the Irish tax system. It will explore the theory and economics of taxation. Topics will deal with the application of legislation, practices and procedures governing the most common aspects of income tax, corporation tax, capital gains tax and VAT in Ireland. Indicative Module Content • Income tax – administration and procedures, classification and computation of income, computation of income tax, the scope, application and computation of PAYE, PRSI and USC • Corporation tax – classification and computation of income chargeable to corporation tax, chargeable gains and losses • Capital gains tax – basic principles and administration, computation of liability applying appropriate reliefs and exemptions • VAT – the scope of VAT, general principles and computation of a liability

Overview

This module addresses the principles of the Irish tax system. It will explore the theory and economics of taxation. Topics will deal with the application of legislation, practices and procedures governing the most common aspects of income tax, corporation tax, capital gains tax and VAT in Ireland.

Indicative Module Content
• Income tax – administration and procedures, classification and computation of income, computation of income tax, the scope, application and computation of PAYE, PRSI and USC
• Corporation tax – classification and computation of income chargeable to corporation tax, chargeable gains and losses
• Capital gains tax – basic principles and administration, computation of liability applying appropriate reliefs and exemptions
• VAT – the scope of VAT, general principles and computation of a liability

	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, Corporation Tax and Capital Gains Tax Identify income that is subject to Income Tax and Corporation Tax legislation Apply the appropriate allowances, reliefs and credits to Income, Income tax and Corporation Tax liabilities Apply the appropriate reliefs and exemptions to Capital Gains Tax 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, Corporation Tax, Capital Gains Tax and VAT

Learning Outcomes

Teaching & Learning methods

Assessment

	Autumn Supplementals/Resits
	Are supplemental/resit registrations permitted? Yes University scheduled written examination (Autumn): 180 minutes Is Supplemental Continuous Assessment registration permitted? No Is Supplemental Continuous Assessment capped? No

Timetable

Courses / Module

PERSONAL AND BUSINESS TAXATION

Semester 1

Semester 2