Module Code: H7TAX1
Long Title Introduction to Taxation
Title Introduction to Taxation
Module Level: LEVEL 7
EQF Level: 6
EHEA Level: First Cycle
Credits: 5
Module Coordinator: AKARI DEVELOPER
Module Author: Sinead O'Sullivan
Departments:  
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 knowledge of the theory and system of administration of the Irish Income Tax in Ireland
LO2 Demonstrate a knowledge of the law and practice underpinning the taxation of income (excluding trade/professional income)
LO3 Apply their knowledge to prepare basic Income Tax computations.
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  
 

Module Content & Assessment

Indicative Content
Recent Developments
n/a
Teaching Methodology:
Each student will have 2 hours of lectures each week and one hour of tutorial each week. Individual and group exercises will be worked through during tutorials.
Taxation – Theory and the Economy
Role of taxation in the economy. Tax Base Canons of taxation. Progressive, proportional and regressive taxes Types of taxes, Direct and indirect taxes
Irish Tax Law and Practice
How Irish tax law is structured. Tax Acts and Finance Acts How to find the relevant provisions in the Irish tax statutes. Citations. Use of online databases Tax in practice. Revenue statements of practices and concessions. European Influence
Administration of the Income Tax System
Territoriality. Meaning of residence, ordinary residence and domicile. Impact of status on Irish income tax computation. Double Taxation treaty. Remittance Basis & Limited Remittance Basis. PAYE system - Scope, Employer obligations, operation of PAYE –cumulative etc; refunds via PAYE Explanation of self assessment & chargeable person. Registration for Income Tax. Obligations under self assessment Filing of returns & payment of tax manually and electronically. Interest and penalties
General Principles
Income versus capital. Form 11 & Layout of Income Tax Computations .Practical application based on the following schedules & relief’s/credits.
Schedule D, Cases III/ IV
Assessable income & basis of assessment. Exempt Income. Operation of the DIRT system. Deposit Interest from EU financial institution
Schedule D, Case V
Assessable income & basis of assessment. Deductions. Rent a room. Rent paid to non-residents
Schedule E
Assessable income. Benefits-in-kind and termination payments. Share option schemes Relief for expenses, Mileage, subsistence and relocation expenses
Schedule F
Chargeable income. Dividend withholding tax
Exempt Income
Income exempt from Income Tax by statute
Relief for Charges on Income ,Personal Tax Credits, Tax relief’s at standard & marginal rate
Interest paid. Patent Royalties. Covenants. Explanation and comprehensive coverage of all credits & relief
Taxation of Married Couples.
Bases of assessment
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Full Time

Coursework
Assessment Type: Assignment % of total: 30
Assessment Date: n/a Outcome addressed: 1,2
Non-Marked: No
Assessment Description:
n/a
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:
End-of-Semester Final Examination
No Workplace Assessment

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 No Description 2 Every Week 2.00
Tutorial No Description 1 Every Week 1.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 2 Every Week 2.00
Total Weekly Contact Hours 2.00
 

Module Resources

Recommended Book Resources
  • CA Proficiency 1 - Taxation 1(ROI).
Supplementary Book Resources
  • Doyle Dr. G. Irish Taxation Law & Practice – Irish Taxation Institute.
  • BPP Business Taxation (Irish).
  • Income Taxation - Irish Taxation Institute.
  • CA Proficiency 1 – Taxation 1 (ROI) – Toolkit.
  • CA Proficiency 2 – Taxation 2 (ROI) – Toolkit.
This module does not have any article/paper resources
Other Resources
Discussion Note: