This module aims to provide a detailed understanding of the principles underpinning the computation of the liabilities of companies to Corporation Tax, VAT and Capital Gains Tax. To compute corporate tax liabilities, including the utilisation of available reliefs such as Research and Development and relief for losses. To understand Close Company legislation and related liabilities. To understand the residency rules for corporates, including relevant international tax planning. To understand the tax implications of business incorporation and related planning.

This module covers: The advantages and disadvantages of incorporation of a business; the principles underpinning the taxation of Irish companies, computing tax liabilities on trading income, non-trading income and capital profits. Payment of tax and filing of returns. Tax relief for investment in Research and Development (R&D). Relief for losses, including terminal loss and Group relief. Close company legislation and the consequences of Close Company status. An introduction to Capital Gains Tax, both for individuals and companies. Computation of gains and use of losses. An introduction to Value Added Taxation (VAT). Overseas aspects of Company taxation. A review of selected case law and topical issues of relevance to company taxation in Ireland.

On successful completion of this module, students should be able to: Demonstrate an understanding of the general principles underpinning the taxation of company profits, including use of losses, close company legislation and tax planning. Differentiate between and calculate the tax liabilities of a company relating to Corporation Tax, Capital Gains Tax, Income Tax and Value Added Tax(VAT). Appreciate and understand the importance of company residence on the taxation of corporate profits, both from an international and domestic perspective. Articulate an understanding of the international and Irish VAT rules and the compliance responsibilities of business.

Evaluate a range of financial and non-financial information in advising on the tax implications of incorporation decisions. Advise on Corporate Tax reliefs, such as the Research and Development(R&D) relief, and related planning decisions. Demonstrate an understanding of current topics on Corporate Tax.

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The module will be lecture and tutorial based and will cover both theoretical issues and the practical application of tax legislation. The module seeks to develop a detailed understanding of the concepts underpinning the theoretical basis of the taxes covered and the application of these concepts to business tax computations and decision making. Detailed tutorial questions have been developed to test students understanding of the concepts covered. The questions examine the student's ability to apply various tax based scenarios to business tax problem solving and decision-making. These scenarios align closely to real business tax situations giving the students a skill set and knowledge base to use in the workplace. Model answers supplied in the tutorials allow students to measure their own knowledge development and understanding of the subject and to demonstrate their problem-solving skills. Students are required to be aware of topical issues in business taxation, both national and international and to keep up to date with these developments. This integrated learning allows for the development of their subject knowledge, problem solving skills and continuing professional development.