ACCT9011 - Advanced Taxation (CPA)

Module Details

Module Code: ACCT9011
Title: Advanced Taxation (CPA)
Long Title: Advanced Taxation (CPA)
NFQ Level: Expert
Valid From: Semester 1 - 2019/20 ( September 2019 )
Duration: 2 Semesters
Credits: 10
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 understand and can apply the principles ad practice of advanced taxation and are able to identify and resolve practical taxation problems. Students are expected to interpret and apply relevant case law and to advise on the most tax efficient structures.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 On successful completion of this module, the learner will be able to: Apply the computational rules for Income Tax in the preparation of Income Tax returns and advise on appropriate tax planning measures, including the use of available reliefs and allowances.
LO2 Apply the computational rules for Corporation Tax in the preparation of Corporation Tax returns and advise on appropriate tax planning measures including the use of available reliefs.
LO3 Apply the computational rules for Capital Gains Tax in the preparation of Capital Gains Tax returns and advise on appropriate tax planning measures including the use of available reliefs.
LO4 Advise on the requirements of a Revenue Audit so as to enable client/employer compliance.
LO5 Advise clients and or management on the operation of the VAT system and provide appropriate tax planning advice with respect to VAT.
LO6 Advise clients and or management on the operation of the Capital Acquisition Tax (CAT) system and provide appropriate tax planning advice with respect to CAT.
LO7 Discuss the principles of Stamp Duties and calculate any duty tax payable having optimised the use of any available reliefs.
LO8 Integrate their learning across the various (examinable) tax heads in the appraisal of complex tax issues so as to provide clients and or management with optimum tax planning advice that is within the legal and ethical frameworks.
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).
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
INCOME TAX
• Residence and domicile. • Cases I, II, III, IV and V of schedule D. • Schedule E. • Schedule F. • Tax-Based Incentives. • Withholding Taxes. • Charges. • Exemptions. • Anti-Avoidance. • Employment and Investment Incentive scheme, Film Relief and Seed Capital Relief. • Employee incentive schemes including profit sharing schemes, ESOTS and Save As you Earn schemes. • Special Assignee relief programme. • Foreign Earnings deduction. • Double taxation relief available to individuals. • Income Tax position of trustees and beneficiaries of Irish trusts. • Research and Development credit surrender for key employees.
CORPORATION TAX
• Adjustments to the accounting profits for tax purposes, claiming capital allowances, and the impact of changes to accounting periods. • Close companies, including definitions, meaning of participator and effect of close company status. Distributions, including meaning of distribution, classes of distribution and their calculation and dividend withholding tax. • Groups, including annual payments and losses for Groups / Consortia. • Utilisation of losses, including Cases I, III, IV, V losses, terminal losses and capital losses. • Corporation Tax Reliefs, including tax incentives, R&D Tax Credits, Holding Company Regime. • Company Residence, Double Taxation Relief, and treatment of branches. • Exemption for start-up companies. • Anti-avoidance.
CAPITAL GAINS TAX
• Computation of Capital Gains Tax liabilities for both individuals and companies. • Share Valuations • The scope of Capital Gains Tax Retirement Relief. • Transfer of business to company. • Development land. • Wasting Assets. • Interaction with CAT. • Acquisition by a company of its own shares. • Principal Private Residence Relief. • Paper for paper relief. • Group Transfers. • Reconstruction relief. • Clearance Certificates/Withholding tax. • Anti-avoidance. • Capital Gains Tax and trusts • Negligible value claims.
REVENUE AUDITS
• The Code of Practice for Revenue Audit; the Customer Service Charter; the role of Special Investigations • Mandatory disclosure • Revenue powers. • Prosecution policy within the Revenue • Penalties and Interest. VAT • General principles of VAT. • Supplies of goods. • Supplies of services. • Exemptions. • Amount on which tax is chargeable. • VAT rates, self supplies. • VAT on property. • EU VAT legislation/regulations. • International Transactions. • Anti-avoidance.
CAPITAL ACQUISITIONS TAX
• Principles of CAT including territorial scope. • General exemptions including significant buildings and works of art. • Agricultural Relief. • Business Property Relief. • The use and taxing of Discretionary Trusts. • Anti-avoidance.
STAMP DUTY
• Stamp Duty including transfers between associated companies and reconstruction / amalgamation relief. • Stamp Duty with respect to property transactions. • Anti-avoidance. • Stamp Duty on transfers to young trained farmers.
Module Content & Assessment
Assessment Breakdown%
End of Module Formal Examination100.00%
Special Regulation
The pass mark for this module is 50% to align with the relevant professional accountancy body.

Assessments

No Coursework
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 100
Timing End-of-Semester Learning Outcomes 1,2,3,4,5,6,7,8
Assessment Delivery Period 2
Assessment Description
CPA 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 Teaching Contact Hours Every Week 3.00 3
Independent & Directed Learning (Non-contact) Non Contact Self-Direct Learning Hours Every Week 4.00 4
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Teaching Contact Hours Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Self-Direct Learning Hours 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
  • CAI. Corporate and Tax Planning, CAI.
  • CAI. Business Decisions and Transaction Taxes (ROI), CAI.
Supplementary Book Resources
  • Irish Taxation Institute. Taxation Summary, Martyn and Reck.
  • Tax Guide. A Guide to Irish Law, Bloomsbury.
  • Tom Conlon. Sutdents' Tax Handbook, McKeon Murray, Elm House, Leopardstown Office Park, Dublin 18..
  • Revenue Commissioners. Revenue Statements of Practice & Tax Briefings, Revenue Commissioners.
  • Irish Taxation Institute. Corporation Tax, Herlihy, Moore, O'Sullivan.
  • Irish Taxation Institute. The Taxation of Capital Gains Tax, O'Hanlon, McLeane.
  • Irish Taxation Institute. The Taxation of Gifts & Inheritance, Whelan & Williams.
  • Irish Taxation Institute. Value Added Tax, Brodie and Dillion.
  • Irish Taxation Institute. The Law and Practice of Irish Stamp Duty, Power, Scully.
  • The Institute of Certified Public Accountants in Ireland. Accountancy Plus, The Institute of Certified Public Accountants in Ireland.
  • The Institute of Certified Public Accountants in Ireland. CPA Students' eBulletin, The Institute of Certified Public Accountants in Ireland.
Supplementary Article/Paper Resources
  • Irish Taxation Institute. Relevant articles from Irish Tax Review, Journal of the Irish Taxation Institute.
  • Institute of Chartered Accountants in Ireland. Relevant Articles from Accountancy Ireland, Journal of the Institute of Chartered Accountants in Ireland.
  • Irish Taxation Institute. Relevant Articles, 'Taxfind online'.
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BAACC_9 Master of Science in Applied Accounting 3 Mandatory