Module Specifications.
Current Academic Year 2024 - 2025
All Module information is indicative, and this portal is an interim interface pending the full upgrade of Coursebuilder and subsequent integration to the new DCU Student Information System (DCU Key).
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Date posted: September 2024
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Repeat examination Array |
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Description The purpose of this module is to provide participants with an insight and appreciation of the impact of taxation on business and business decisions. The approach taken addresses the needs of participants as (a) informed users of financial information (b) decision makers with regard to the taxation implications of business decisions and (c) preparers of business plans and the calculation of taxation liabilities. This module is based on the taxation implications for small and medium sized businesses operating within the Republic of Ireland. Students are expected to attend lectures and prepare for and contribute to seminars. | |||||||||||||||||||||||||||||||||||||||||||
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Learning Outcomes 1. Assess the role of taxation in the Irish economy. 2. Identify and discuss the impact of taxation on common business activities and transactions. 3. Advise on the administration aspects of business taxation. 4. Calculate the taxation payable by business in relation to Self-Employed Trading Income, Corporate Trading Income, Value Added Tax, PAYE & PRSI 5. Understand the main principles of corporation tax and capital gains 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
IntroductionThe development and structure of taxation legislation, Revenue and Capital taxation, Direct and Indirect taxes, The objectives of taxation, Role of taxation in the economy.AdministrationRole of Budget, Finance Acts, Tax Acts and Case Law, Self Assessment, Tax Registration, Collection of Revenue, Taxpayer obligations.VATPrinciples, Scope and Effects on Businesses, Operation of Value Added Tax, Calculation to Tax Payable, Returns and Payment.PAYE, USC & PRSIPrinciples, Scope and Effect on businesses, Operation of PAYE, Calculation of PAYE, USC and PRSI, Returns and Payments.Income TaxTaxable income and Classification into different Sources, Scope and Rules for each source, Definition of Trade, Allowable and Restricted Expenses, Capital Allowances, Determination of amounts assessable, Computation of Taxable Trading Income and Income Tax Payable, Returns and Payments.Corporation TaxTaxable income and Classification into different Sources, Scope and Rules for each source, Definition of Trade, Allowable and Restricted Expenses, Capital Allowances, Determination of amounts assessable, Computation of Taxable Trading Income, Chargeable Gains and Corporation Tax Payable, Returns and Payments, Dividend Witholding Tax. | |||||||||||||||||||||||||||||||||||||||||||
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Indicative Reading List
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Other Resources 38160, data base, Irish Tax Institute, 2016, Tax Find, Dublin, Irish Tax Institute, 38161, website, Irish Revenue Commissioners, 0, Revenue Commissioners Website, www.revenue.ie, | |||||||||||||||||||||||||||||||||||||||||||