Module: Taxation

Module Specifications..

Current Academic Year 2023 - 2024

Please note that this information is subject to change.

Module Title	Taxation
Module Code	AC301
School	DCUBS
Module Co-ordinator	Semester 1: Thomas McCluskey Semester 2: Thomas McCluskey Autumn: Thomas McCluskey
Module Teachers	Patrick Mulcahy Pauline Willis Thomas McCluskey
NFQ level	8	Credit Rating	5
Pre-requisite	None
Co-requisite	None
Compatibles	None
Incompatibles	None

Repeat examination
Array

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.

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

*Type*	*Hours*	*Description*
Workload	Full-time hours per semester
Lecture	22	2 Weekly lectures
Seminars	10	1 Weekly Seminar
Independent Study	33	Independent study prior to lectures
Directed learning	30	Independent preparation for seminars
Independent Study	28	Direct preparation for end of semester exam
Directed learning	2	End of semester exam
Total Workload: 125

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

Introduction
The development and structure of taxation legislation, Revenue and Capital taxation, Direct and Indirect taxes, The objectives of taxation, Role of taxation in the economy.

Administration
Role of Budget, Finance Acts, Tax Acts and Case Law, Self Assessment, Tax Registration, Collection of Revenue, Taxpayer obligations.

VAT
Principles, Scope and Effects on Businesses, Operation of Value Added Tax, Calculation to Tax Payable, Returns and Payment.

PAYE, USC & PRSI
Principles, Scope and Effect on businesses, Operation of PAYE, Calculation of PAYE, USC and PRSI, Returns and Payments.

Income Tax
Taxable 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 Tax
Taxable 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.

Assessment Breakdown
Continuous Assessment	0%	Examination Weight	100%

Type	Description	% of total	Assessment Date
Course Work Breakdown

Reassessment Requirement Type
Resit arrangements are explained by the following categories; 1 = A resit is available for all components of the module 2 = No resit is available for 100% continuous assessment module 3 = No resit is available for the continuous assessment component
This module is category 1

Indicative Reading List

Ed. Patrick Mulcahy: 2016, Irish Taxation: Law and Practice, 14th, 1-5,8,10,11,14-16,19,23-25,28,29,32, Irish Tax Institute, Dublin, 9781840260434

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,

Programme or List of Programmes

BS	Bachelor of Business Studies
BSE	Bachelor of Business Studies (Exchange)
BSI	Business Studies ( with INTRA )

Date of Last Revision

24-JAN-11

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