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.

Tax Theory and Practice ACCFIN4044

  • Academic Session: 2022-23
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 4 (SCQF level 10)
  • 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 lecture hours a week for 10 weeks

Tutorials: 9 x 1-hour tutorial (tutorials are held at various times and can be selected on MyCampus)

Requirements of Entry

Normally D3 or above in Financial Accounting 2 or equivalent.

Excluded Courses

Taxation (superseded)





Word Length/Duration

1, 2, 3 & 4

Degree examination


2 hours

Main Assessment In: April/May

Are reassessment opportunities available for all summative assessments? Not applicable

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 a critical understanding of the principles of UK Taxation and to provide students with the knowledge and skills to calculate UK tax liabilities.

Intended Learning Outcomes of Course

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

1. Critically appraise the UK tax system and methods of tax collection.

2. Critically evaluate social, environmental and ethical issues in taxation.

3. Perform detailed computations of income tax, corporation tax and capital gains tax liabilities.

4.   Show an understanding of the theory and practice of national insurance, inheritance tax and value added tax.

Minimum Requirement for Award of Credits