MAN-20123 - Module Specification
Keele Business School
Faculty of Humanities and Social Sciences

Programme/Approved Electives for 2024/25

Available as a Free Standing Elective

Co-requisites

None

Prerequisites

None

Barred Combinations

None

Description for 2024/25

This module develops prior study from MAN-20121 Taxation (Personal) and progresses to learn the operations of the UK tax system for business, this includes both single companies and groups of companies. Corporation tax (CT) calculations, regulations and payment timings will be studied, as well as capital gains tax (CGT), value added tax (VAT) and national insurance contributions (NIC) for businesses. The importance of presentation, technological skills and professionalism to replicate workplace standards will be important in this module.

This module will build upon the tax knowledge gained in MAN-20121 Taxation (Personal) and move to study tax from a business perspective.

Intended Learning Outcomes

explain the operations of the UK tax system for business, this is to include single companies and groups of companies.: 1,2
use a business's financial statements, to calculate total taxable profits (TTP), the resulting corporation tax (CT) liability, the timings of CT payments.: 1,2
identify and calculate capital gains tax (CGT) and chargeable gains for business.: 1,2
demonstrate understanding of UK value added tax (VAT). This is to include, VAT registration requirements, computation of VAT liabilities and VAT special schemes.: 1
explain National insurance contributions (NIC) tax liability for business, calculate NIC.: 1,2
evaluate the role of technology and professionalism in tax reporting.: 1

Study hours

Lecture 18 hours
Tutorials 6 hours
Private study 126 hours (to include reading, engagement with exercises, independent research and revision)

School Rules

MAN-20121 Taxation (Personal) - this module is a co-requisite.

Description of Module Assessment