PERSONAL AND BUSINESS TAXATION

Description

This module is designed to provide students with an understanding of the theoretical and legal framework of taxation. It aims to give students a thorough understanding of the manner in which individuals and businesses are taxed in Ireland. It addresses the application of legislation, practices and procedures governing routine aspects of Income Tax, Local Property Tax, Corporation Tax, Capital Gains Tax and VAT in Ireland. Learning Outcomes: On successful completion of the module, students should be able to: Evaluate the theoretical framework of taxation and the role of taxation in the Irish economy; Apply the general principles for administration and computation of Income Tax, Local Property Tax, Corporation Tax and Capital Gains Tax; Identify income that is subject to Income Tax, Corporation Tax and Capital Gains Tax legislation; Apply the appropriate allowances, reliefs and credits to Income, Income tax and Corporation Tax liabilities; Apply the appropriate reliefs and exemptions to Capital Gains Tax and Local Property Tax; Apply the general principles for administration and computation of VAT; Demonstrate the ability to calculate a VAT liability for a business; and Determine the manner and timing of payments for Income Tax, Local Property Tax, Corporation Tax, Capital Gains Tax and VAT. Teaching & Learning methods: 300 Assessment: 180 minutes