Short Title:Corporate and Capital Taxation
Full Title:Corporate and Capital Taxation
Module Code:TAXN H3004
Credits: 5
NFQ Level:7
Field of Study:Accounting and taxation
Module Delivered in no programmes
Module Author:MARTIN NOLAN
Module Description:This module aims to provide students with a good working knowledge of Capital Gains Tax, Value Added Tax and Corporation Tax. It aims to provide students with the ability to compute an individual’s, a partnership’s and a company’s liability to Capital Gains Tax, Value Added Tax and Corporation Tax.
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Apply the principles of taxation to married and separated couples
LO2 Apply the appropriate tax provisions to partnerships and farmers
LO3 Compute the liability to Capital Gains Tax for individuals
LO4 Appreciate the provisions and administration of VAT
LO5 Appreciate the computational rules for determining the liability of companies to Corporation Tax
Pre-requisite learning
Co-requisite Modules
No Co-requisite modules listed

Module Content & Assessment

Content (The percentage workload breakdown is inidcative and subject to change) %
Taxation of Married Couples: (10%)
The different basis of assessment for married and separated couples including their treatment for tax in the year of death and separation.
Partnerships and Farmers Taxation: (10%)
Treatment and calculation of profits and losses in a partnership and the use of charges on income. Farmers taxation including averaging, loss relief and stock relief.
Corporation Tax: (30%)
Corporation tax computations and administrative procedures under Self Assessment, treatment of chargeable gains, capital allowances, losses (excluding terminal losses and losses derived from excess charges), reliefs e.g. Manufacturing Relief, Small Companies Relief and Dividend Withholding Tax.
Value Added Tax: (20%)
Value Added Tax principles, legislation and administrative rules relating to registration, obligation to maintain records, definitions of taxable goods and services, taxable persons and the treatment of imports, exports and self-supplies. Different basis for accounting for VAT e.g. cash basis, a review of the Fourth Schedule, the two-thirds rule and VAT schemes.
Capital Gains Tax: (20%)
Capital Gains Tax, definitions of chargeable gains, disposals and chargeable persons, the method of computation including indexation and losses. The calculation of chargeable gains as they arise from part disposals, disposal of shares, development land, chattels and business assets. An examination of the major reliefs and exemptions, for example, roll-over relief, principal private residence, transfer of a business on retirement or to a company and replacement of business assets.
Double Taxation: (5%)
Double Taxation as it relates to individuals and in particular IRL/UK Tax Treaty including the application of residence and domicile.
Specific Tax Issues: (5%)
Withholding Tax, Residential Property Tax, Revenue Audits, Penalties and Interest and Sub-Contractors C45 / Relevant Contracts Tax. The distinction between Contracts of and for Service and their tax implications.
Assessment Breakdown%
Course Work30.00%
End of Module Formal Examination70.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Continuous Assessment The continuous assessment will take the form of an individual assessment. This will be an in-class, time constrained exam. The continuous assessment is designed primarily to assess learning outcomes 2 to 4. 2,4 30.00 n/a
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End-of-Semester Final Examination 1,2,3,4,5 70.00 End-of-Semester

IT Tallaght reserves the right to alter the nature and timings of assessment


Module Workload

This module has no Full Time workload.
This module has no Part Time workload.

Module Resources

Required Book Resources
  • Conlon, Tom.,, Student’s Tax Handbook, Latest Ed., McKeon, Murray Publications
Recommended Book Resources
  • McAteer, Reddin & Deegan, Income Tax, Latest Ed., Institute of Taxation
  • Bradley, PRSI and Levy Contributions, Latest Ed., Institute of Taxation
  • Appleby & O’Hanlon, Capital Gains Tax, Latest Ed., Institute of Taxation
  • Cremins, O'Brien & Brodie, Value Added Tax, Latest Ed., Institute of Taxation
  • Brennan, Moore, O’Sullivan & Clarke, Corporation Tax., Latest Ed., Institute of Taxation
  • SSAP Ltd.,, Personal Tax Manager Software, Latest Ed., SSAP Ltd
  • Consolidated Tax Acts and Revenue Statements of Practice, n/a
This module does not have any article/paper resources
This module does not have any other resources