Advanced Public Finance and Taxation

No prerequisites

The aim of the syllabus is to apply relevant knowledge and skills and exercise professional judgement in providing relevant information and advice to individuals and businesses on the impact of the major taxes on financial decisions and situations. The Advanced Taxation syllabus further develops the key aspects of taxation introduced within the Applied Skills module and extends the candidates’ knowledge of the tax system, together with their ability to apply that knowledge to the issues commonly encountered by individuals and businesses, such that successful candidates should have the ability to interpret and analyse the information provided and communicate the outcomes in a manner appropriate to the intended audience. The syllabus builds on the basic knowledge of core taxes from the earlier taxation exam and introduces candidates to stamp taxes. As this is an optional exam, aimed at those requiring/desiring more than basic tax knowledge for their future professional lives, the syllabus also extends the knowledge of income tax, corporation tax, capital gains tax and inheritance tax to encompass further overseas aspects of taxation, the taxation of trusts and additional exemptions and reliefs. Computations will normally only be required in support of explanations or advice and not in isolation.

1. Gain a profound knowledge and understanding of tax principles.
2. Use clear frameworks to take decisions based on the given situation and the application of taxation principles.
3. Understand the role of stakeholders in the tax system of a country.
4. Apply IT tools and professional skills in taking tax decisions.

On successful completion of this module, students will be able to:

1. Discuss the role of tax in society, the underpinning legislative process, and the role and powers of the Revenue Commissioners (Revenue) in tax administration.

2. Describe the principle of self-assessment as applied in the tax system and the role of the Revenue Services.

3. Prepare generic income tax computations and returns.

4. Prepare capital gains tax computations and returns.

5. Prepare corporation tax computations and returns.

6. Discuss the operation of VAT and prepare returns.

The online delivery blends synchronous and asynchronous components. Students complete self-directed assignments hosted on the course platform. Weekly Forums support a required active, rubric-based student contributions that foster collaboration.

Exams may include essays, short answers, or MCQs. Formats include open/closed book. Time zones are considered. Assessments are formative and summative. Students have 2 weeks to review grades and must follow the appeal process in the Student Handbook.

Certificate

Please note that there are three semesters as intake periods as noted on the academic calendar.
Scholarship Awarded (Total Fee: €100)

Registration is done online.