Module Code: H9AT
Long Title Advanced Taxation
Title Advanced Taxation
Module Level: LEVEL 9
EQF Level: 7
EHEA Level: Second Cycle
Credits: 5
Module Coordinator: Anne Cooper
Module Author: Andrea Del Campo Dugova
Departments: School of Business
Specifications of the qualifications and experience required of staff

Level 9 academic qualification and professional accountancy examinations essential. Taxation professional examinations also essential and Taxation practical experience desirable.   
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 LO1 Appraise the legislation, procedure and practice governing the most common aspects of Capital Gains Tax (CGT).
LO2 LO2 Critically reflect on the appropriate reliefs and exemptions to CGT.
LO3 LO3 Evaluate and apply the general principles for the administration and computation of Corporation Tax including timing and manner of payments required for Corporation tax.
LO4 LO4 Identify and quantify the various income sources subject to Corporation Tax, including chargeable gains and losses and trade losses.
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).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements

There are no additional entry requirements for this module.  The programme entry requirements apply.  No pre-requisites or co-requisites apply.   
 

Module Content & Assessment

Indicative Content
Capital Gains Tax:
Principles of Capital Gains Tax including disposals, consideration, timing etc. Basis of assessment and the tax rate applicable. Indexation relief, annual exemption, allowable and disallowable expenditure. Practical personal computations including: assets acquired before and after 6 April 1974. Part disposals, assets passing on death. Losses – prior year and death, disposals of chattels (wasting and non-wasting). Exemptions incl. principal private residence and disposal of site to child. Administration of the CGT. Self-assessment system. Non-compliance -surcharges /interest.
Corporation Tax:
General Principles of Incorporation and Corporation Tax. Corporation tax and accounting periods – short and long periods and introduction to 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. Losses – Trading and Capital, Terminal Loss relief. Charges on income, exemptions and reliefs. Dividends/Distributions -dividend income from Irish and non-Irish resident companies. Distributions and dividend withholding tax. Close Companies: Definitions. Tax Implication. Groups: Use and optimisation of group loss relief. Capital Gains Tax groups.
Corporations Tax - Computation of Schedule D, Cases I & II:
Meaning of Trade, vocation and profession. Chargeable income. Badges of Trade. Basis of Assessment. Relationship between financial accounting periods and tax years including commencements, cessations, short lived business and change of accounting date. Death cases. Computation of tax adjusted profit/Loss incorporating allowable/disallowable expenditure.
Corporation Tax - Capital Allowances:
Computation of capital allowances on plan. Balancing allowances/charges. Motor vehicles. Plant versus industrial buildings. Farm buildings allowance. Treatment of Capital Grants, Hire Purchases & Leases. Capital Allowances carried forward.
Corporation Tax - Loss Relief (10%):
S381 and 382 Loss Relief. Relief arising in Third Year adjustment. Losses & Capital Allowances.
Other trade related issues:
Partnerships. Interest On loans to invest in Partnership/shares. Relief for cost of providing for retirement. Professional services withholding tax. PRSI and USC for Self Employed
Self-Assessment:
Registration for CT purposes and self-assessment, appeal and Audits. Overview of a three-year tax exemption for Start Up companies.
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Blended

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. The in-class examination will be worth 30%.
End of Module Assessment
Assessment Type: Terminal Exam % of total: 70
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4
Non-Marked: No
Assessment Description:
Final Examination (70%) will be 3 hours in duration and will contain compulsory questions along with a section whereby students can choose from a selection of questions. The examination will include computational and written elements.
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
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.

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

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Blended
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Classroom and demonstrations 36 Per Semester 3.00
Independent Learning Independent Learning 89 Per Semester 7.42
Total Weekly Contact Hours 3.00
 

Module Resources

Recommended Book Resources
  • Dr Patrick Mulcahy. Irish Taxation: Law and Practice, 2021/22, 19th Ed. Irish Tax Institute.
Supplementary Book Resources
  • CA Proficiency 1 Taxation 1 (ROI) 2021 – 22, Chartered Accountants Ireland, Ireland.
  • CA Proficiency 2 Taxation 2 (ROI) 2021 – 22, Chartered Accountants Ireland, Ireland.
  • Andy Lymer and Lynne Oats. Taxation: Policy and Practice (2021/22), 28th Ed. Fiscal Publications.
This module does not have any article/paper resources
Other Resources
  • [Website], Revenue Commissioners,
    http://www.revenue.ie
  • [Newspapers/Journals], Daily newspapers and business journals.
  • [Other], Additional reading will be posted on moodle throughout the semester..
Discussion Note: