Taxation 2

Description

This module will expand on the areas previously covered in Income Tax under Taxation 1, and will in addition cover the Principles of Capital Gains Tax and VAT.

Learning Outcomes

  1. Prepare the capital gains tax liabilities of individuals.

  2. Prepare income tax computations where all available reliefs, credits and exemptions available are claimed, including completion of returns

  3. Explain and compute the effect of social insurance and universal social charge on employees, employers and the self employed.

  4. Apply value added tax (VAT) principles and dempnstrate the ability to calculate the VAT liability of chargeable persons.

  5. Identify and explain the obligations of tax payers and/or their agents in the area of Income tax, VAT and CGT, also the implications of non-compliance

  6. Describe and apply the relevant tax legislation with respect to subcontractors, including the operation of Relevant contract tax (RCT)

  7. Identify when Professional services tax must be applied and how credit is given to tax payer.

  8. Explain the principles underpinning double taxation, with particular reference to the Irish/UK tax treaty.

Credits
05
% Coursework 20%
% Final Exam 80%