Advanced UK Taxation

Module title	Advanced UK Taxation
Module code	BEAM060
Academic year	2019/0
Credits	15
Module staff	(Lecturer)

Duration: Term	1	2	3
Duration: Weeks		11

Number students taking module (anticipated)	30

Module description

In this module you develop the knowledge and skills necessary to understand and apply UK tax rules at an advanced level. The module builds on learning from BEAM059 Introduction to UK Taxation, taking some of the issues covered there to a higher level of engagement, and introducing some new areas of knowledge, specifically the taxation of companies, inheritance tax and VAT.

Module aims - intentions of the module

The aim of this module is to develop your analytical and critical thinking skills with particular reference to UK tax policy. You will learn through a combination of taught sessions and group activities in which you will develop a deeper understanding of how the various taxes levied in the UK impact and interact with one another.

Intended Learning Outcomes (ILOs)

ILO: Module-specific skills

On successfully completing the module you will be able to...

1. Explain the rules that apply for corporations, company groups, inheritance tax, stamp and VAT.
2. Explain the role of trusts and the tax effects of finance decisions.
3. Describe and critically evaluate the impact and interaction of the various UK taxes.

ILO: Discipline-specific skills

On successfully completing the module you will be able to...

4. Explain the design of the UK tax system.
5. Articulate advanced tax planning strategies.

ILO: Personal and key skills

On successfully completing the module you will be able to...

6. Demonstrate research skills, analytical skills and critical thinking.
7. Demonstrate problem solving skills.

Syllabus plan

The syllabus covers the following areas:

Companies and corporate groups
Inheritance tax in the UK
The role of trusts in tax planning
Stamp taxes
Tax effects of finance decisions
VAT in the UK
Impact and interaction of taxes
Current issues in UK taxation

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching Activities	Guided independent study	Placement / study abroad
30	120	0

Details of learning activities and teaching methods

Category	Hours of study time	Description
Scheduled learning and teaching activities	30	Attending taught sessions
Group-based activities undertaken in preparation for taught sessions	40	Preparation for taught sessions
Reflection, reading and preparation for assessment	80	Background reading, preparation and preparation for essay and final examination.

Formative assessment

Form of assessment	Size of the assessment (eg length / duration)	ILOs assessed	Feedback method
In class exercises	20 hours	1-7	Verbal Tutor Feedback

Summative assessment (% of credit)

Coursework	Written exams	Practical exams
0	100	0

Details of summative assessment

Form of assessment	% of credit	Size of the assessment (eg length / duration)	ILOs assessed	Feedback method
Mid-term test	20	1 hour	1, 4, 6	Individual written feedback
Written examination	80	2 hours	1-7	Generic cohort feedback
	0
	0
	0
	0

Details of re-assessment (where required by referral or deferral)

Original form of assessment	Form of re-assessment	ILOs re-assessed	Timescale for re-assessment
Mid-term test and Written examination	2 hour written examination	1-7	August examination period

Re-assessment notes

Students who fail the module overall will be reassessed by way of a two-hour written examination in the summer of the respective academic year.

Indicative learning resources - Basic reading

Textbook: Lymer A. and Oats L. (2019) Taxation Policy and Practice, 26^th edition, Birmingham: Fiscal Publications.

Indicative learning resources - Web based and electronic resources

IBFD Tax Research Platform

OECD Library

You will also have access to an online searchable and resources database, with links to several eBooks available through the Exeter Learning Environment (ELE). Within this environment, you will also be supported through online discussion forums and activities.

Indicative learning resources - Other resources

Relevant academic journals:

British Tax Review
International Tax Review
International Tax and Public Finance
Tax Law Review
Tax Adviser
European Taxation
World Tax Journal

Key words search

Tax, UK taxation, income tax, corporation tax.

Credit value	15
Module pre-requisites	BEAM059 Introduction to UK Taxation
Module co-requisites	None
NQF level (module)	7
Available as distance learning?	No
Origin date	01/01/2016
Last revision date	16/07/2019