MN32216: UK tax and tax planning
[Page last updated: 23 May 2025]
| Academic Year: | 2025/26 |
| Owning Department/School: | School of Management |
| Credits: | 10 [equivalent to 20 CATS credits] |
| Notional Study Hours: | 200 |
| Level: | Honours (FHEQ level 6) |
| Period: |
- Semester 2
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| Assessment Summary: | EXCB 75%, EXIC 25% |
| Assessment Detail: |
- Class Test (EXIC 25%)
- Final Exam (EXCB 75%)
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| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
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| Requisites: |
Before taking this module you must take MN22019 OR take MN22163 OR take MN20485 OR take MN20018
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| Learning Outcomes: |
On completing this unit, students will be able to:
- Evaluate the impact of current developments in taxation, on individuals, groups, the wider economy and society including:
- Discuss the ethical and environmental issues arising from tax regulation.
- Prepare computations of UK tax liabilities for each of the main types of taxation: income tax, capital gains tax, corporation tax and VAT.
- Identify and evaluate opportunities for minimising the impact of taxation liabilities on individuals, family run businesses, SMEs and international business.
- Provide tax related costing, planning and decision making information to individuals, businesses and corporate entities in the UK.
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| Synopsis: | You will cover:
- The principles of effective tax system design, impact on individuals, groups, the wider economy and society
- The main types of taxation:
o Income taxes
o Capital taxes
o Corporation tax
o Indirect taxation
o International taxation issues
- Types of tax planning opportunities and application for individuals, family run businesses, SMEs and international businesses.
- Specialist topics in tax including Current Issues, Economics of Tax and Research in Tax
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| Content: | Principles of effective tax system design; ethical and environmental issues arising from tax system design; personal income tax; business taxation; capital gains tax; corporation tax; value added tax; international taxation issues. Tax planning issues will be integrated and woven through the content as the module progresses and will be delivered in the context of a growing entrepreneurial business.
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| Course availability: |
MN32216 is Optional on the following courses:
School of Management
- UMMN-AFB10 : BSc(Hons) Accounting and Finance (Year 3)
- UMMN-AKB02 : BSc(Hons) Accounting and Finance with Year long work placement (Year 4)
- UMMN-AFB11 : BSc(Hons) Accounting and Management (Year 3)
- UMMN-ANB07 : BSc(Hons) Business with Thin sandwich placement(s) (Year 4)
- UMMN-AYB06 : BSc(Hons) International Management with Year Abroad (Year 4)
- UMMN-AFB14 : BSc(Hons) Management (Year 3)
- UMMN-AKB04 : BSc(Hons) Management with Year long work placement (Year 4)
- UMMN-AKB05 : BSc(Hons) Management with Marketing with Year long work placement (Year 4)
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Notes: - This unit catalogue is applicable for the 2025/26 academic year only. Students continuing their studies into 2026/27 and beyond should not assume that this unit will be available in future years in the format displayed here for 2025/26.
- 好色tv and units are subject to change in accordance with normal University procedures.
- Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
- Find out more about these and other important University terms and conditions here.
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