Module Details

Module Code: ACCT7010
Title: Corporate Taxes, CGT, VAT
Long Title: Corporation Tax, Capital Gains
NFQ Level: Intermediate
Valid From: Semester 1 - 2024/25 ( September 2024 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 1 programme(s)
Module Description: The aim of this module is to ensure that students develop the knowledge and skills to deal with routine issues in Corporation Tax, Capital Gains Tax and VAT.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Explain Corporation Tax legislation and prepare Corporation Tax computations.
LO2 Explain Capital Gains Tax legislation and prepare Capital Gains Tax computations.
LO3 Explain Value Added Tax legislation and advise on VAT procedures and practice.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
19443 ACCT7010 Corporate Taxes, CGT, VAT
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 
Indicative Content
Corporation Tax
Basic principles and administration, tax adjusted profits, capital allowances, treatment of distributions, capital gains, loss relief. Close companies and the effects of close company status.
Capital Gains Tax
Principles and basis of assessment, indexation relief, enhancement expenditure, time of disposals, reliefs and exemptions, PPR relief, share transactions, part disposals, development land, durable and wasting assets, capital losses, CGT returns.
VAT
Principles, registration, taxable persons, payment of taxes, vat rates, records to be maintained, cash receipts basis, invoice basis, group registration, E.U. intra community trade, imports and exports, two third rule, package rule, place of supply, zero rated and exempt, non-deductible inputs.
Module Content & Assessment
Assessment Breakdown%
Coursework30.00%
End of Module Formal Examination70.00%

Assessments

Coursework
Assessment Type Short Answer Questions % of Total Mark 30
Timing Week 4 Learning Outcomes 1
Assessment Description
In Class Assessment
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 70
Timing End-of-Semester Learning Outcomes 1,2,3
Assessment Description
End-of-Semester Final Examination
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.

The University reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Formal Lecture Every Week 4.00 4
Independent & Directed Learning (Non-contact) Non Contact Questions Every Week 3.00 3
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Formal Lecture Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Questions Every Week 5.00 5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Paula Byrne. (2023), Irish Taxation, 2023. Griffith College, Ireland, p.274.
Supplementary Book Resources
  • Irish Tax Institute. (2023), Irish Taxation: Law and Practice, 21. [ISBN: 978-1-84260-646-9].
This module does not have any article/paper resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BACCT_8 Bachelor of Business (Honours) in Accounting 7 Mandatory