ACCT8009 - Advanced Taxation and Planning

Module Details

Module Code: ACCT8009
Title: Advanced Taxation and Planning
Long Title: Advanced Taxation and Planning
NFQ Level: Advanced
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 students understand in detail, and have the ability to apply the principles and practice of taxation and can identify and resolve complex taxation problems.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Apply computational rules for Income Tax and advise on appropriate tax planning measures, including advise on the requirements of a revenue audit.
LO2 Apply computational rules for Corporation Tax in the preparation of Corporation Tax returns and advise on appropriate tax planning measures.
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 Explain the operation of Capital Acquisitions Tax, and apply the computational rules for Capital Acquisitions Tax and provide appropriate advice.
LO5 Explain the principles of Stamp Duty and calculate any duty tax payable having optimised the use of available reliefs.
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
Case I,II,III,IV,V of Schedule D, Schedule E, Schedule F, tax based incentives, withholding taxes, charges, exemptions, anti-avoidance, Employment and Investment Incentive Scheme, Seed Capital Relief, employee incentive schemes, ESOTS and Save As You Earn Schemes, Residence and Domicile, Special Assignee Relief programme, Foreign Earnings deduction, Double Taxation Relief available to individuals. High income earner restrictions.
Revenue Audit
Revenue powers, revenue offences. The Code of Practice for Revenue Audit, tax geared penalties and interest, Charter of Rights, mandatory disclosure.
Corporation Tax
Adjustments to the accounting profit for tax purposes, claiming capital allowances and the impact of changes to accounting periods, groups, including annual payments and losses for groups / consortia, utilisation of losses, Corporation Tax reliefs, including tax incentives, R & D tax credits, holding company regime, company residence, double taxation relief and treatment of branches, exemptions for start up companies.
Capital Gains Tax
Computation of Capital Gains Tax liabilities for both individuals and companies, share valuations, retirement relief, transfer of a business to a company, interaction with CAT, acquisition by a company of its own shares, paper for paper relief.
Capital Acquisition Tax
Principles of CAT, general exemptions, Agricultural Relief, Business Property Relief.
Stamp Duty
Stamp duty including transfers between associated companies and reconstruction / amalgamation relief, stamp duty with respect to property transactions.
Module Content & Assessment
Assessment Breakdown%
Coursework30.00%
End of Module Formal Examination70.00%

Assessments

Coursework
Assessment Type Written Report % of Total Mark 30
Timing Week 6 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 1,2,3,4,5
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, Griffith College, Ireland, p.274.
Supplementary Book Resources
  • Irish Tax Institute. (2023), Irish Taxation: Law and Practice, 21. [ISBN: 978-1-84260-646-9].
Supplementary Article/Paper Resources
This module does not have any other resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BACCT_8 Bachelor of Business (Honours) in Accounting 8 Group Elective 1