Finance: Ratio analysis, cash flow analysis and the difference between profit and cash, sources of finance and structure of debt, management of working capital, small business finance and entrepreneurship, capital appraisal techniques, preparing business plans.
Local taxation: Liability for rates and council tax, rateable occupation, exemptions and relief, basis and methods of valuation for rating and council tax, alterations and appeals procedure.
National taxation: Income tax, capital gains tax, stamp duty land tax and inheritance tax; their impact on landowners and users; ways to mitigate their effect.
To achieve credit for this module, students must be able to:
- Understand how the company (to include small business) finance should be structured.
- Interpret financial statements of sole traders and limited companies.
- Calculate and interpret projected figures.
- Prepare and interpret simple capital investment appraisal techniques
- Recognise how a liability for local tax arises.
- Demonstrate an understanding of the assessment process and how it might be altered.
- Advise owners and occupiers of the property of the impact of national taxation and suggest practical ways of mitigating the tax burden.
|Coursework||CW-Taxation Case Study||60%|
|Examination||Multiple choice exam||40%|
Assessments may differ in 2021/22 due to adjustments for Covid-19. Please check Gateway for the latest regulations.