Please note: there may be some adjustments to the teaching arrangements published in the course catalogue for 2020-21. Given current circumstances related to the Covid-19 pandemic it is anticipated that some usual arrangements for teaching on campus will be modified to ensure the safety and wellbeing of students and staff on campus; further adjustments may also be necessary, or beneficial, during the course of the academic year as national requirements relating to management of the pandemic are revised.

Taxation ACCFIN2022

  • Academic Session: 2022-23
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 2 (SCQF level 8)
  • Typically Offered: Semester 2
  • Available to Visiting Students: Yes
  • Available to Erasmus Students: Yes

Short Description

The course covers the basic principles of the main UK taxes, with an emphasis on the computation of tax liabilities.


Lectures: 3 hours x 10 weeks

Tutorials: 1 hour x 9 weeks

Requirements of Entry

Normally D3 or above in FA1 or equivalent

Excluded Courses





1 in course exam(25%) and 1 degree exam (75%)




Word length/Duration

1, 2 & 4


In-course exam


60 minutes

Main Assessment In: April/May

Course Aims

The course aims to provide an understanding of the principles of UK taxation and to provide students with the knowledge and skills necessary to calculate income tax, national insurance, corporation tax, capital gains tax, inheritance tax and value added tax liabilities.

Intended Learning Outcomes of Course

By the end of this course students will be able to:

1. Appraise the operation of the UK tax system and methods of tax collection.

2. Perform computations of income tax, national insurance, corporation tax, capital gains tax, inheritance tax and value added tax liabilities.

3. Apply knowledge of tax regulation and practical skills to identify tax efficient uses of exemptions, reliefs and losses.

4. Clearly communicate how you have applied rules to a practical situation.

Minimum Requirement for Award of Credits

Students must submit 100% by weight of the components (including examinations) of the course's summative assessment.