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Session: 2022/23

Last modified: 02/03/2021 17:55:29

Title of Module: Business Taxation

Code: ACCT09003 SCQF Level: 9
(Scottish Credit and Qualifications Framework)
Credit Points: 20 ECTS: 10
(European Credit Transfer Scheme)
School:School of Business & Creative Industries
Module Co-ordinator:Patricia  Connelly

Summary of Module

You will be introduced to the practical (and theoretical) aspects of UK business taxation.

Business Taxation begins with the scope of corporation tax , then continues with the computation of corporation tax liabilities together with the identification of allowable expenses and the calculation of capital allowances. The processes of assessment, appeals and payments are then considered  .  Long and short periods of account, income tax and CT61 forms will be incorporated.

Trading losses and property business losses (non group) are then considered paying particular attention to the “efficient use of tax losses”.

After considering the impact of corporation tax on the “ordinary company”, your module will then consider the special rules affecting  groups, including group relief .

The principles of chargeable gains for companies will then be considered, beginning with the consideration of the basic principles and moving on to the use of indexation. Gains on chattels, and shares and securities  will be covered finishing with rollover relief and capital losses.

Your module will consider the tax treatment of overseas branches and subsidiaries and double taxation relief. .

Your module will finish with the  principles of VAT for companies,, including the scope, registration requirements, computation of VAT liabilities and ending with the effect of special schemes.

You will benefit from the wide practical experience and scholarship that your lecturers bring to this subject.

This module is suitable for delivery overseas but you will be expected to study the UK's taxation system.

Module Delivery Method
Face-To-FaceBlendedFully OnlineHybridCHybridOWork-based Learning
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Term used to describe the traditional classroom environment where the students and the lecturer meet synchronously in the same room for the whole provision.

A mode of delivery of a module or a programme that involves online and face-to-face delivery of learning, teaching and assessment activities, student support and feedback. A programme may be considered “blended” if it includes a combination of face-to-face, online and blended modules. If an online programme has any compulsory face-to-face and campus elements it must be described as blended with clearly articulated delivery information to manage student expectations

Fully Online
Instruction that is solely delivered by web-based or internet-based technologies. This term is used to describe the previously used terms distance learning and e learning.

Online with mandatory face-to-face learning on Campus

Online with optional face-to-face learning on Campus

Work-based Learning
Learning activities where the main location for the learning experience is in the workplace.

Campus(es) for Module Delivery
The module will normally be offered on the following campuses / or by Distance/Online Learning: (Provided viable student numbers permit)
Paisley:Ayr:Dumfries:Lanarkshire:London:Distance/Online Learning:Other:
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Term(s) for Module Delivery
(Provided viable student numbers permit).
Term 1


Term 2check markTerm 3


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Learning Outcomes: (maximum of 5 statements)

On successful completion of this module the student will be able to:

L1. Evaluate and apply the principles of UK taxation to incorporated businesses

L2. Apply the rules for groups in the taxation of UK incorporated businesses

L3. Apply the principles of Chargeable Gains to UK incorporated businesses

L4. Apply the principles of VAT to UK incorporated buisnesses

Employability Skills and Personal Development Planning (PDP) Skills
SCQF Headings During completion of this module, there will be an opportunity to achieve core skills in:
Knowledge and Understanding (K and U) SCQF Level 9.

Using a broad and integrated knowledge of accounting and taxation theory and principles; applying critical knowledge to Understanding corporation tax capital gains tax and VAT issues and maintaining the currency of the subject knowledge

Practice: Applied Knowledge and Understanding SCQF Level 9.

Applying routine techniques to adjusted profits and capital allowance calculations; applying specialist knowledge to corporation tax capital gains tax computations and VAT calculations; selecting and recommending tax planning advice against a background of uncertainty

Generic Cognitive skills SCQF Level 9.

Identifying and analysing routine capital –v–revenue expenditure undertaking a critical analysis of the use of losses; drawing on a range of sources in deciding incorporation –v– unincorporated advice.

Communication, ICT and Numeracy Skills SCQF Level 9.

Using a range of routine numerical skills in tax computations; interpreting and communicating complex data and advice to clients.

Autonomy, Accountability and Working with others SCQF Level 9.

As above.

Pre-requisites: Before undertaking this module the student should have undertaken the following:
Module Code:
Module Title:
Other:HND Accounting, ACCT08002 Financial Accounting 2, or equivalent
Co-requisitesModule Code:
Module Title:

* Indicates that module descriptor is not published.

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Learning and Teaching
Your module uses both lectures and tutorials to provide you with information on how taxation is calculated for companies, it looks at how a number of taxes are applied to companies, including corporation tax, chargeable gains and Value Added Tax.
Powerpoint presentations are used in the lectures, these cover chapters of the prescribed text, the tutorials consist of realistic examples, which you are required to work through in class. Support for this is provided by the provision of a dedicated website (within the University’s Virtual Learning Environment), where the class notes, both your copy for coming to the class (without answers) and the lecturer’s copy after the class (with answers) are made available as are all the tutorial questions and answers.
A one hour class test and two hour formal examination are used to assess your knowledge and understanding but also to ensure that you are able to analyse issues relating to corporate taxation.
Learning Activities
During completion of this module, the learning activities undertaken to achieve the module learning outcomes are stated below:
Student Learning Hours
(Normally totalling 200 hours):
(Note: Learning hours include both contact hours and hours spent on other learning activities)
Lecture/Core Content Delivery24
Tutorial/Synchronous Support Activity12
Independent Study164
200 Hours Total

**Indicative Resources: (eg. Core text, journals, internet access)

The following materials form essential underpinning for the module content and ultimately for the learning outcomes:

Melville A – Taxation ( current edition) London Pearson Educational Press

ACCA Study Text F6 Taxation London BPP Learning Media Ltd

(**N.B. Although reading lists should include current publications, students are advised (particularly for material marked with an asterisk*) to wait until the start of session for confirmation of the most up-to-date material)

Engagement Requirements

In line with the Academic Engagement Procedure, Students are defined as academically engaged if they are regularly engaged with timetabled teaching sessions, course-related learning resources including those in the Library and on the relevant learning platform, and complete assessments and submit these on time. Please refer to the Academic Engagement Procedure at the following link: Academic engagement procedure

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Supplemental Information

Programme BoardAccounting, Finance and Law
Assessment Results (Pass/Fail) No
Subject PanelAccounting, Finance & Law
ModeratorDr Marie Fletcher
External ExaminerL McCann
Accreditation DetailsThis module contributes to the exemptions from various professional examinations attributable to the Bachelor of Accounting programme. Contact School for current details.
Version Number


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Assessment: (also refer to Assessment Outcomes Grids below)
Class Test - Note that the pass mark for this element is 40%, but where the overall module mark is 40% or more a mark of 35% or over will be counted as a pass.
Examination - Note that the pass mark for this element is 40%, but where the overall module mark is 40% or more a mark of 35% or over will be counted as a pass.
(N.B. (i) Assessment Outcomes Grids for the module (one for each component) can be found below which clearly demonstrate how the learning outcomes of the module will be assessed.
(ii) An indicative schedule listing approximate times within the academic calendar when assessment is likely to feature will be provided within the Student Handbook.)

Assessment Outcome Grids (Footnote A.)

Component 1
Assessment Type (Footnote B.) Learning Outcome (1) Learning Outcome (2) Learning Outcome (3) Learning Outcome (4) Weighting (%) of Assessment ElementTimetabled Contact Hours
Class test (written)check mark   301

Component 2
Assessment Type (Footnote B.) Learning Outcome (1) Learning Outcome (2) Learning Outcome (3) Learning Outcome (4) Weighting (%) of Assessment ElementTimetabled Contact Hours
Unseen closed book (standard)check markcheck markcheck markcheck mark702
Combined Total For All Components100% 3 hours

A. Referred to within Assessment Section above
B. Identified in the Learning Outcome Section above

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  1. More than one assessment method can be used to assess individual learning outcomes.
  2. Schools are responsible for determining student contact hours. Please refer to University Policy on contact hours (extract contained within section 10 of the Module Descriptor guidance note).
    This will normally be variable across Schools, dependent on Programmes &/or Professional requirements.

Equality and Diversity
This module is appropriate for any student.
UWS Equality and Diversity Policy
(N.B. Every effort will be made by the University to accommodate any equality and diversity issues brought to the attention of the School)

2014 University of the West of Scotland

University of the West of Scotland is a Registered Scottish Charity.

Charity number SC002520.