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Module Specifications

Archived Version 2009 - 2010

Module Title Taxation
Module Code AC305
School DCUBS

Online Module Resources

Module Co-ordinatorMs Pauline WillisOffice NumberQ210
Level 3 Credit Rating 10
Pre-requisite None
Co-requisite None
Module Aims
  • To develop student's understanding of the theory, legislation and practice governing the taxation of individuals and the charge to value added tax.
  • To develop their analytical skill to apply their knowledge and understanding to solving practical problems.

Learning Outcomes

On successful completion students will have a thorough understanding and knowledge income tax and value added tax and will be able to:

Evaluate the theoretical framework of taxation.

Assess the role of taxation in the Irish economy.

Identify all sources of taxable income.

Distinguish between capital and revenue receipts and payments.

Apply their knowledge and understanding to calculate the taxable income of individuals in receipt of

  • cash and non-cash emplyment income
  • trading and professional income
  • rental and investment income

Determine the credits and reliefs available to individuals in a variety of situations

Interpret decisions of the courts on income tax matters

Recognise the impact of taxation on the operations of unincorporated business and on business decisions and the role of incentives in the Irish tax system.

Advise tax payers on the administrative aspects of income tax and value added tax

Advise businesses on Value Added Tax, identifying transactions liable to VAT and calculating the resulting liability.

Indicative Time Allowances
Lectures 48
Tutorials 18
Laboratories 0
Seminars 0
Independent Learning Time 84

Total 150
Assume that a 10 credit module load represents approximately 150 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.

Indicative Syllabus

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 systems.

Administration: General structure of the taxation system; self assessment system; preparation and submission of returns; payment dates, appeals procedures; revenure audits; penalties

Residence and domicile: Residence, domicle, ordinary residence; their relevance to income tax double taxation relief; introudction 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, rented residential accommodation reliefs 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: Scope and calculation of PRSI and health levy for class A1 employees, employers an self employed.
Schedule D Case I and II: Definition of a trade; computations of tax adjusted profits: basis of assessment, commencement and cessation 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.
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.

Continuous Assessment15% Examination Weight85%
Indicative Reading List

 O'Halloran M. - Irish Taxation Law and Practice - Irish Taxation Institute (published annually).

 McAteer, W., Reddin, G. Deegan, G., Income Tax. Irish Taxation Institute (published annually).

 Jones, S., Nobes, C. Economics of Taxation Prentice Hall (Published annually).

Programme or List of Programmes
AFBA in Accounting & Finance