Principles of Taxation

BMAN11171 Principles of Taxation 10 Semester 1 Undergraduate Level 1 Alison Zimmer Unit coordinator Alliance Manchester Business School 1 FHEQ level (Framework for Higher Education Qualifications) ' First part HE study/Bachelors ' European Credit Transfer & Accumulation System Rating : 5.0 Tax has played a fundamental role in civilised societies for thousands of years, and continues to do so in a complex, rapidly evolving, and globalised setting. This unit will arm students with the ability to understand and explain the purposes of taxation, the considerations needed for tax design, the basics of the UK tax framework, and issues concerning ethics and environmental taxation. This will form the backdrop for learning the fundamental principles of taxation as well as learning how to prepare basic computations for the main UK taxes.  Tax has played a fundamental role in civilised societies for thousands of years, and continues to do so in a complex, rapidly evolving, and globalised setting. This unit will arm students with the ability to understand and explain the purposes of taxation, the considerations needed for tax design, the basics of the UK tax framework, and issues concerning ethics and environmental taxation. This will form the backdrop for learning the fundamental principles of taxation as well as learning how to prepare basic computations for the main UK taxes.  This course unit aims to provide a foundation knowledge of the principles of UK taxation and its context, as well as providing students with the skills necessary to perform computations in income tax, national insurance contributions, corporation tax, capital gains tax and VAT. Describe and explain the general objectives of tax and the basic UK tax framework, within the current political, economic, and environmental context.   Explain the principles of tax design, applying these to existing and proposed new taxes.   Perform basic tax computations involving UK income tax, national insurance contributions, corporation tax, capital gains tax and VAT. Apply the principles of UK income tax, national insurance contributions, corporation tax, capital gains tax, VAT, and environmental tax to issues in simple scenarios including the administration of the tax system.  Identify ethical issues using the ethical frameworks in place for those working in tax in the UK.     The key areas of the syllabus are: •    UK tax Framework •    Personal income taxation •    Taxing employment income •    Taxing trading income •    National Insurance Contributions (NICs) •    Capital gains tax •    Corporation tax •    Value Added Tax (VAT) •    Ethics and tax •    Environmental taxation This course unit will include:  - 10 two-hour lectures- 9 one-hour workshops A Piazza discussion board is used to provide supervised peer support and a Q&A space.  0 Other 30% 1 Written exam 70% Examination 70% (Written Exam)Coursework 30% (Group Project) Exam:               General feedback on Canvas once marks have been distributed.Coursework:     Tailored written feedback for each group.                         General feedback for whole cohort.                         Both available on Canvas.    N This course is currently accredited with ICAEW. For academic purposes, students need to achieve a pass mark of 40%. However, for ICAEW accreditation, a pass mark of 50% is required.   Please note that accreditation is subject to change   For 2026/27 academic year: It is imperative that any textbooks or other resources used feature tax rules for the 2025/26 tax year (or FY2025). Core Text:  Kaplan Principles of Tax Integrated Workbook Finance Act 2025. Supplementary Text:  ‘Taxation Policy and Practice’ by Lymer and Oats (2025/26 - this will be available as an e-book on Kortext, see link from Canvas).  Lectures 20 Practical classes & workshops 9 0 71 Academic programmes that course is available to: BSc (Hons) Accounting BSc (Hons) Business AccountingThis course will allow students to apply for an ICAEW certificate level exemption. For academic purposes the students will need to attain a pass mark of 40%, but to attain the professional body exemption a pass mark of 50% is required. The higher pass mark requirement is reflected in the contact hours. The duration of the exam reflects the requirements set out by the professional body. 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