BUU33730 Taxation 2

(5 ECTS)

Lecturer:

Ciara Deane

Email: deaneci@tcd.ie 
Office Hours: By appointment

Pre-Requisite: 

BUU22530 - Introduction to Accounting
BUU33720 - Taxation I

Module Description:

The aim of this module is to provide students with a detailed knowledge of Capital Gains Tax, Capital Acquisitions Tax  and the taxation of businesses including Corporation Tax.  A detailed understanding of technical taxation issues impacting individuals and businesses will be gained. Tax advantages and disadvantages for both individual and businesses pursuing different courses of action are examined.  Taxation issues impacting corporate entities explored include corporate residency rules, calculation of corporation tax liabilities (including the use of loss relief) and the tax implications for groups of companies.  In addition to the range of tax technical issues, the module aims to provide students with an understanding of the ethical and professional issues arising from the provision of tax advice.  This includes issues such as tax avoidance, Revenue audits, appeals and disputes.

Learning Outcomes:

On successful completion of this module, students should have acquired:

1. Prepare tax computations for capital gains tax and capital acquisitions tax; Understand the reliefs available including the conditions required to avail of such reliefs and events that may trigger a clawback of the reliefs; Appreciate basic tax planning
2. Understand the detailed operation of the capital allowances regime in Ireland, the expenditure which qualifies for tax relief and how the relief is calculated
3. Understand the basic principles of corporation tax, including the tax residency rules for companies; Appreciate basic tax planning.
4. Prepare corporation tax computations for companies with a range of income sources
5. Calculate the reliefs available to companies and groups of companies for losses
6. Understand the international aspects of certain Irish tax policies and make comparisons between Irish tax law and international equivalents
7. Understand the ethical and professional issues facing tax practitioners, including the distinction between tax evasion and tax avoidance; knowledge of the system of Revenue audits, appeals and disputes.

Recommended Texts/ Key Reading:

Required core course textbook:    

Irish Taxation: Law and Practice, 2022/23, Irish Tax Institute, 20th Edition

General supplemental readings:   

CA Proficiency 1 Taxation 1 (ROI) 2022 – 2023 Charterd Accountants Ireland

CA Proficiency 2 Taxation 2 (ROI) 2022 – 2023 Charterd Accountants Ireland

From Boraimhe to Bit – the Art of Taxation (1st Edition), Moire O’Halloran, Irish Tax Institute

Taxation: Policy and Practice, Andy Lymer and Lynne Oats, Fiscal Publications

Additional reading material may be posted on Blackboard throughout the semester.

Assessment:

• Assignment - 20%
  Group project (weighting 50% of assignment)
  Individual element of assignment (weighting 50% of assignment)
  Detail of the assignment to be provided during the semester

• End of Semester Exam x 2 Hours - 80%
  Will test critical understanding and appropriate application of topics covered in the module. Date: December 2023 TBC. This is a two hour exam. Format will follow last years examination.