The taught modules offered on the LLM programme vary from year to year. Please check the full list of taught modules list for details of modules running in specific academic years. We make every effort to ensure that every module will be offered, but modules are subject to change and cancellation. You are therefore advised to check this site regularly for further updates throughout the year preceding entry to the LLM programme.
BUSINESS TAXATION (LAWSG165) Credit value: 15 credits (6 ECTS)
Practice Assessment: 1 formative coursework essay will be set during the teaching term
Assessment method for Masters students: 2-hour unseen written examination
Assessment method for SIL students: 3,000 word coursework essay
This module considers the way in which businesses are taxed and how this affects the ways in which a business might choose to operate. It will consider the different legal vehicles which can be used when conducting business and how taxation might play a part in making these important decisions. It will examine the system of taxation of businesses in the context of the key taxes in the UK: income tax, corporation tax and capital gains tax. Whilst the course uses the UK tax system as an example, the module deals with questions about the taxation of businesses, including companies, that face all tax systems. Its object is to provide a solid grounding in the principles of the taxation of businesses, and the main rules will be studied in depth in the context of those principles.
General structure of business taxation: income tax, capital gains tax, corporation tax
Taxation of self-employed individuals, focusing on problems of taxation of trading and professional income
Relationship between income tax and corporation tax, and between legal provisions and accounting practice
Corporation tax on income; distributions; alternatives to the imputation system
Computation of income for tax purposes; losses; groups and consortia
Capital taxation relating to businesses
CCH British Tax Legislation 2012/2013
LexisNexis Yellow Tax Handbook 2012/2013
Lee Revenue Law Principles and Practice (most recent edition)
Tiley - Revenue Law (7th ed., 2012, Hart Publishing)
Tiley and Collison’s - UK Tax Guide (most recent edition LexisNexis)
Lee Revenue Law Principles and Practice
Davies: Principles of Tax Law
Other information: none
Prizes for this module: There are currently no prizes available for this module.
The application process for the 2014-15 academic session, for entry in September 2014, is now open.
Please refer to the How to apply section for information on the application process.