UCL FACULTY OF LAWS

LLM Programme

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)
Module Convenor: Monica Bhandari Other Teachers: N/A
Content

Summary:

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, which 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 detail in the context of those principles. Students are able to study on this course whether or not they have previous experience of tax law.

Syllabus:

  • 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

Background Reading (optional):

  • Lee: Revenue Law: Principles and Practice
  • Davies: Principles of Tax Law

Module reading lists and other module materials will be provided via online module pages, once students have made their module selections upon enrolment in September.

Delivery and enrolment
Lectures/Seminars: 10 x 2-hour seminars
Tutorials: None
Previous module enrolments: Small – less than 15 students
Who may enrol: LLM students, other UCL Masters students
Prerequisities: None
Barred module combinations: None
Core Module for LLM specialism: International Commercial Law, International Banking and Finance Law, Public Law
Assessment
Final Assessment: 2-hour unseen written examination
Practice Assessment: Opportunity for feedback on one optional practice essay

This page was last updated on 8 July, 2014

APPLICATION NOTICES

The application process for the 2014-15 academic session, for entry in September 2014, is now closed.

Information regarding applications for September 2015 will be updated on the website in September 2014.

IMPORTANT NOTICE : Updated 28 May 2014

The Home Office issued an update about the acceptance of ETS tests (including TOEFL). They have now confirmed that Higher Education students applying for a Tier 4 visa may use a TOEFL test taken after 17 April, if a Higher Education Institution is willing to use its academic discretion. For those students entering in September 2014, UCL will continue to accept the TOEFL even if it was taken after 17 April. However, if an applicant still needs to book a test then we recommend that they take an alternative test to TOEFL. Those who have already arranged to take a different test following the previous advice from the Home Office, we encourage you to go ahead with taking the alternative test.

The TOEFL test will continue to be accepted for 2014 entrants who have been asked to take an English language qualification as part of their offer condition, and do not need to apply for a visa to study in the UK.