LL4Z1 Half Unit
Business Taxation
This information is for the 2012/13 session.
Teachers responsible
Dr I Roxan, NAB 7.25, Mr E Baistrocchi, NAB 7.33, Professor M Gammie, Professor R Fraser and others.
Availability
For LLM degree and MSc in Law and Accounting. For other Master's level students with permission of the course convenor. This course is capped at 30 students. All students are required to obtain permission from the Teacher Responsible to take it, by completing the online application form linked to the course selection on LSEforYou.
This course is capped at 30 students. Students must apply through Graduate Course Choice on LSEforYou.
Pre-requisites
The course is suitable both for those who have not studied taxation before and for those who have. It is strongly recommended for those who are studying LL491 Taxation of Corporate Transactions and who have not studied taxation previously.
Course content
This course looks at how businesses are taxed in the UK. The course focuses on the key elements of the taxation of the income of businesses, including:
corporation tax and the nature of taxes on companies
capital gains taxation
partnership taxation
tax relief for losses
taxation of dividends and other distributions
capital allowances - relief for depreciation
The course is suitable for students who are interested in taking one course in taxation, including students who have not studied taxation before. It can usefully be combined with LL4Z2 Principles of Taxation, and will be a good background course on UK business taxation for students taking Taxation of Corporate Transactions who do not yet have a sufficient background in UK taxation.
Teaching
Two-hour weekly seminars in MT.
Formative coursework
Students are asked to submit one 2,000 word essay.
Indicative reading
Tiley, Revenue Law; Lee, Revenue Law Principles and Practice; Salter, Lee and Snape, Revenue Law: Text and Materials.
Legislation: Tolley's Yellow Tax Handbook, or CCH The Red Book. Current editions need to be used.
Detailed reading lists will be provided during the course via Moodle.
Recommended preliminary reading
Morse and Williams, Davies Principles of Tax Law (Sweet & Maxwell, 6th ed, 2008 or 7th ed, 2012).
Assessment
A two-hour written exam (100%).
Relevant legislation may be taken into the examination room (Tolleys Yellow Tax Handbook or CCH The Red Book) if un-annotated. ^
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