Module Code - Title:
TX4007
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TAXATION FOR CORPORATES
Year Last Offered:
2025/6
Hours Per Week:
Grading Type:
Prerequisite Modules:
Rationale and Purpose of the Module:
This module aims to provide an understanding of Irish Corporation Tax, the rationale for incorporation of a business, the taxation implications of close company status and the effective use of losses and group reliefs. It also introduces students to the principles of Value Added Tax (VAT) and the application of VAT in a business context.
Syllabus:
General principles of Irish Corporation Tax. The rationale for, and the tax implications of, incorporation. Computation of the corporation tax liability. Loss relief for companies, group relief for losses, charges and transfer of assets. Close companies, definition and consequences. Tax planning for companies including restructuring to maximise tax reliefs. Current issues in Corporation Tax. Introduction to VAT, general principles, administration, registration and deregistration, exemptions and zero rating, inter EU sales and purchases. VAT on property transactions.
Learning Outcomes:
Cognitive (Knowledge, Understanding, Application, Analysis, Evaluation, Synthesis)
On successful completion of this module, students should be able to; calculate the Irish Corporation tax liability for companies, apply loss relief and company group relief, where appropriate; demonstrate an understanding of Close Companies and the implications of Close Company status, both for companies and the relevant stakeholders; advise on the implications of incorporation; demonstrate an understand the key principles of Value Added Tax; compute a VAT liability; discuss the VAT implications of property transactions. Analyse specific Corporation Tax and VAT tax problems and recommend solutions.
Affective (Attitudes and Values)
Students should have an understanding of the outcomes of illegal actions (tax evasion) and legal consequences of poor tax compliance decisions.
Psychomotor (Physical Skills)
N/A
How the Module will be Taught and what will be the Learning Experiences of the Students:
N/A
Research Findings Incorporated in to the Syllabus (If Relevant):
N/A
Prime Texts:
Doyle, G. (Ed) (2010)
Irish Taxation Law and Practice
, Irish Taxation Institute
Other Relevant Texts:
Feeney, M. ()
The Taxation of Companies
, Tottel Publishing.
Herlihy, J. Moore, P. and O Sullivan, H. (2010)
Corporation Tax, Finance Act 2010
, Dublin: Irish Taxation Institute.
Cassidy, B. (2010)
Law of Value Added Tax, Finance Act 2010
, Dublin: Irish Taxation Institute
Programme(s) in which this Module is Offered:
Semester(s) Module is Offered:
Module Leader:
brendan.mccarthy@ul.ie