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Module Aims
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To provide students with an insight and appreciation of the impact of taxation on business and business decisions.
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Learning Outcomes
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Students will obtain an understanding of the tax systems within which companies must operate. This will develop their ability to consider the impact of taxation on business decisions. They will develop the ability to analyse the information needed to prepare basic tax computations and to evaluate the impact of taxation on the reported results of a business and on the financing requirement of organisations.
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Indicative Time Allowances
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Hours
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Lectures |
24
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Tutorials |
0
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Laboratories |
0
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Seminars |
0
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Independent Learning Time |
51
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Total |
75
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Placements |
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Assignments |
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NOTE
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Assume that a 5 credit module load represents approximately 75 hours' work, which includes all teaching, in-course assignments, laboratory work or other specialised training and an estimated private learning time associated with the module.
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Indicative Syllabus
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Introduction: The development and structure of taxation legislation; Revenue and capital taxation; Direct and indirect taxes.
Philosophies of Taxation: The objective of taxation; Economic efficiency; Effects of tax on work effort, on saving, capital formation and on enterprise and risk taking; Criteria of taxation; Alternatives to taxation.
Administration: Residence, ordinarily residence and domicile residence, ordinarily resident and domicile; Role of the Budget, Finance Acts, Tax Acts and Case Law; Self Assessment; Collection of Revenue; Interest; Powers of the Revenue.
Capital Gains Tax: Scheme of Capital Gains Tax, Chargeable persons, definition of disposal, definition of disposal computations, development land, losses and exemptions.
Coproration Tax: Taxable income and classification into schedules and cases, scope and rules for each schedule and case; Schedule D Case I and II: Definition of trade, allowable and restricted expenses, losses, capital allowances; Schedule D Case III, IV and V: determination of amounts assessable; Provisions for manufacturing companies. Computation development. Land losses exemption.
VAT: Principles, scope and effects on businesses; Operation of Value Added Tax, records, registration exemption, input credits, returns and payment.
PAYE & PRSI: Principles, scope and effect on businesses; Operation of PAYE, records and payment dates; Employer's PRSI contributions and obligations.
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Assessment | Continuous Assessment | 0% | Examination Weight | 100% |
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Indicative Reading List
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Appleby, T. and O'Hanlon, J., 'The Taxation of Capital Gains' Institute of Taxation in Ireland, 2003.
Brennan, F., Moore, P. and O'Sullivan, H., 'Corporation Tax' The Institute of Taxation in Ireland, 2003.
James, S. and Nobes, C., 'The Economics of Taxation' Philip Allen, 1992.
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Programme or List of Programmes
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BS | Bachelor of Business Studies |
BSI | Business Studies ( with INTRA ) |
BSSA | Study Abroad (DCU Business School) |
BSSAO | Study Abroad (DCU Business School) |
ECSA | Study Abroad (Engineering & Computing) |
ECSAO | Study Abroad (Engineering & Computing) |
HMSA | Study Abroad (Humanities & Soc Science) |
HMSAO | Study Abroad (Humanities & Soc Science) |
SHSA | Study Abroad (Science & Health) |
SHSAO | Study Abroad (Science & Health) |
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