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LUBS 3690 Principles of Taxation. Key facts. Module leader: Dr Iain Clacher Teaching team: Iain, Cathy Myles and John Smith. So why should you take this module?. Key facts. Semester: 1 & 2 Credits: 20 Professional exemptions: Yes, but just for UK qualifications Pre-requisites:
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Key facts • Module leader: Dr Iain Clacher • Teaching team: Iain, Cathy Myles and John Smith
Key facts • Semester: 1 & 2 • Credits: 20 • Professional exemptions: • Yes, but just for UK qualifications • Pre-requisites: • LUBS2210 Financial Accounting 2ORLUBS2205 Corporate Finance
Focus of the module • Economics of taxation - Iain • Income tax - Cathy • Corporation tax - John
Assessment & Pass Rates • Assessed 100% by exam at the end of semester 2. • The exam is of 3 hours duration. • 1st year so no pass rates as yet • Exam format: • Section A: choice of essay • 3 essays on Economics of Tax, choose 1 (30 marks) • Section B: compulsory • IT question: numerical and narrative (30 marks) • CT question: numerical and narrative (30 marks) • Another smaller question on specific topic (10 marks)
Feedback from other students • “The skills developed in FA2 set you up well for this module” • “Good to have some numbers in our final year” • “No assumed knowledge which was great, but a LOT to learn so be prepared!” • “Get the textbook early and start studying from week 1 or you will quickly get lost”
Core text / key reading Core Text: • The Economics of Taxation, Simon James and Christopher Nobes, Fiscal Publications. • ACCA, Paper F6, Taxation FA14, Kaplan Publishing Additional Text: Taxation: Finance Act 2014, Alan Melville, FT Prentice Hall.