Module Code: H8TX3
Long Title Taxation 3
Title Taxation 3
Module Level: LEVEL 8
EQF Level: 6
EHEA Level: First Cycle
Credits: 5
Module Coordinator: COLIN WHITSTON
Module Author: Isabela Da Silva
Departments: School of Business
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Demonstrate a detailed technical knowledge of operation and scope of Corporation Tax.
LO2 Compute detailed corporation tax liabilities of individual and group company structures
LO3 Comprehend the legislative provision and principles underpinning Value Added Tax and apply such provision in the preparation of VAT computations for supplies within Ireland and international.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
18403 H7TAXCORP Taxation 2
Co-requisite Modules
No Co-requisite modules listed
Entry requirements

Programme entry requirements
 

Module Content & Assessment

Indicative Content
Corporation Tax (30%):
General Principles of Incorporation and Corporation Tax. Corporation tax and accounting periods – short and long periods. Schedules and CT rates. Residence of companies. Pro –Forma Corporation Tax Computation. Practical Corporation Tax computations including; Income Tax on annual payments. Adjustment in arriving at Case I/II income. Capital gains. Taxation of Interest, Investment and Rental Income. Capital allowances – plant and machinery, motor. Losses – Trading and Capital, Terminal Loss relief. Charges on income, exemptions and relief’s. Dividends/Distributions -dividend income from Irish and non-Irish resident companies. Distributions and dividend withholding tax.
Close Companies (15%):
Definitions. Tax Implication.
Groups (10%):
Use and optimisation of group loss relief. Capital Gains Tax groups.
Self-Assessment (15%):
Registration for CT purposes and self-assessment, appeal and Audits. Overview of a three-year tax exemption for Start Up companies.
Value Added Tax (VAT) (30%):
General principles. Legislation and Directives. Taxable individuals and registration, including groups. Charge to Vat applicable rates and exemptions. Deductible and Non-Deductible VAT. Supply of Goods and Services and determination of place of supply. Self-supply. Gifts. Vat reverse charge. Intra-Community Acquisitions and supplies and Vies/Intrastate. Export/Imports. Cash Receipt Basis. Basic VAT computations. Administration of the self-assessment system. Record keeping
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Full Time

Coursework
Assessment Type: Continuous Assessment % of total: 30
Assessment Date: n/a Outcome addressed: 1,2
Non-Marked: No
Assessment Description:
Candidates are required to complete one in-class examination worth 30%
End of Module Assessment
Assessment Type: Terminal Exam % of total: 70
Assessment Date: End-of-Semester Outcome addressed: 1,2,3
Non-Marked: No
Assessment Description:
Final Examination.
No Workplace Assessment
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.
Reassessment Description
Candidates will attempt the repeat assessment for the module, if they do not successfully pass the module. Learners are required to attempt all assessments attaching to a module. For those modules where all learning outcomes are assessable with a final examination, the student does not have to re-sit failed individual CA components.

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Classroom and demonstrations 2 Every Week 2.00
Lecturer Supervised Learning Mentoring and small-group tutoring 1 Every Week 1.00
Directed Learning Directed e-learning 3 Every Week 3.00
Independent Learning Independent learning 8 Every Week 8.00
Total Weekly Contact Hours 6.00
 

Module Resources

Recommended Book Resources
  • Chartered Accountants Ireland. (2021), CA Proficiency 1Taxation 1.
  • Chartered Accountants Ireland. (2021), CA Proficiency 2Taxation 2.
Supplementary Book Resources
  • Mulcahy. (2021), Irish Taxation Law & Practice Volume 1, Irish Taxation Institute..
  • May Laurence. (2021), Irish Taxation Law & Practice Volume 2, Irish Taxation Institute.
This module does not have any article/paper resources
Other Resources
Discussion Note: