Latest Module Specifications
Current Academic Year 2025 - 2026
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Description This module develops students' understanding of the theory, legislation and practice governing the taxation of individuals' and unincorporated businesses 'income and the charge to value added tax. Students also have consider the framework underpinning capital gains tax and corporation tax and how to calculate resulting tax liabilities. It develops students'analytical skills by applying their knowledge and understanding to solving practical problems. It helps to prepare students to advise individuals on their exposure to and obligations regarding taxation on personal and business income. The main mode of delivery is lectures and seminars with students required to prepare material in advance of attendance at seminars. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Learning Outcomes 1. Evaluate the theoretical framework of taxation in an Irish and International context 2. Assess the role of taxation in the Irish economy and in EU/ International context 3. Interpret decisions of the Irish, UK and European courts on income tax, value added tax matters, capital gains tax and corporation tax 4. Identify sources of taxable income and distinguish between capital and revenue receipts and payments 5. Calculate the taxable income of individuals in receipt of cash and non-cash employment income, trading and professional income, rental and investment income 6. Determine the credits and reliefs available to individuals depending on their personal circumstances 7. Recognise the impact of taxation on the operations of unincorporated buinesses, business decisions and the role of taxation incentives 8. Identify transactions and entities liable to VAT and Capital Gains Tax and calculate the resulting liability 9. Understand the Corporation tax framework in Ireland and the role that tax plays in an EU and International context 10. Advise taxpayers on the administrative aspects of Income Tax, Value Added Tax and Local Property Tax, Capital Gains Tax and Corporation Tax. 11. Appreciate the distinction between tax avoidance and tax evasion and ethical considerations which tax advisors/payers consider as part of both. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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
Theory and Philosophies of Taxation Objectives of taxation; the distinction between revenue and capital taxation, direct and indirect taxes; the impact of case law on the taxation system; evasion and avoidance; economic and behavioural effects of tax; effects of tax on work effort and saving; Evaluation of tax structures. Administration General structure of the Irish taxation system; self assessment; preparation and submission of returns; payment dates, ROS, appeals procedures; revenue audits; penalties Residence and domicile Residence, domicle, ordinary residence; their relevance to income tax; double taxation relief; introduction to the general provisions of the Irish/UK double taxation agreement. Schedule D Cases III, IV and V Determination of amounts assessable; taxation of savings; DIRT, taxation of rental income including premiums and losses. Schedule F Computation of assessable income; dividend withholding tax. Schedule E Meaning of office or employment; computation of assessable income and reliefs; benefits in kind; termination payments; scope and operation of the PAYE system. Pay Related Social Insurance and Universal Social Charge Scope and calculation USC and PRSI for class A1 employees, employers and self employed. Schedule D Case I and II Definition of a trade; computations of tax adjusted profits: basis of assessment, commencement, cessation and change of accounting date rules; relief for losses; taxation of partnerships. Capital Allowances Definitiion of plant and machinery, industrial buildings; allowances available. Computations of Income of Individuals and Tax Payable Tax credits, personal allowances and reliefs, charges and deductions; taxation of married couples and civil partners. Value Added Tax General principles and administration, registration; records; payment; deductible and non-deductible VAT; cash receipts basis; group registration; Intra community supplies; imports and exports. Capital Gains Tax General Capital Gains Tax principles, calculation of resulting liabilities, pay and file rules. Corporation Tax Corporation tax framework, residency, rates of tax, pay and file rules, international developments. Property Tax Scope, exemptions, basis of assessment, valuation bands | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Indicative Reading List Books:
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Other Resources
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