Tax Theory and Practice ACCFIN4044

  • Academic Session: 2023-24
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 4 (SCQF level 10)
  • Typically Offered: Semester 1
  • Available to Visiting Students: Yes

Short Description

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


Lecture: 10 weeks x 2 hours

Tutorials: 4 weeks x 1 hour

A number of asynchronous activities will take place online

Requirements of Entry

Normally D3 or above in Financial Accounting 2 or equivalent.


Please refer to the current undergraduate prospectus at: 

Excluded Courses

ACCFN2022 - Taxation





Word Length/Duration

ILO 1, 2, 3

In class exam


1 hr

Main Assessment In: December

Are reassessment opportunities available for all summative assessments? Not applicable for Honours courses

Reassessments are normally available for all courses, except those which contribute to the Honours classification. For non Honours courses, students are offered reassessment in all or any of the components of assessment if the satisfactory (threshold) grade for the overall course is not achieved at the first attempt. This is normally grade D3 for undergraduate students and grade C3 for postgraduate students. Exceptionally it may not be possible to offer reassessment of some coursework items, in which case the mark achieved at the first attempt will be counted towards the final course grade. Any such exceptions for this course are described below. 

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, and evaluate around the following areas of taxation:

■  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 skills to identify tax efficient uses of exemptions, reliefs and losses.

4. Evaluate an imaginary client situation offering guidance which is ethical, legal and beneficial.

5. Evaluate opportunities, issues and shortcomings to current tax legislation

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.