Taxation course

Taxation course learning outcomes 

· Explore the various trading structures through which a business can carry out its activities

· Identify the tax returns that a typical business is required to make including the tax records required for a Revenue audit

· Summarise the general concepts and procedures relating to Value Added Tax (VAT) to include thresholds for VAT registration, , the records required for accurate VAT accounting, VAT rates

· Examine the Corporation tax and Capital Gains Tax obligations applicable to a range of business activities to include tax rates, payment dates and reliefs

· Analyse the tax rules applicable to dealing with contractors and sub-contractors, to include an explanation of which rules apply, the calculation of sub-contractor tax liability Summarise the PAYE and PRSI system to include tax credits, standard rate cut-off points, different pay frequencies, the tax treatment of benefit-in-kind, expense claims, disability benefits and maternity payments

· Comment on the general operation of Pension Schemes to include the registration of new employees and the tax treatment of a range of additional pension contributions

· Explore the tax treatment of and procedures relating to a range of tax areas including Director’s Loans, Redundancy Payments and Leases and Hire Purchase of assets

· Appraise the tax advantages and disadvantages of a range of business trading structures

· Access the Revenue’s online tax payment facilities and apply for a range of tax certificates and forms

· Calculate a range of tax payments, reliefs and deductions

· Assist in preparing the Annual Tax Return

· Process the registration of new employees with Pension Schemes

· Contribute to the tax accounting for a range of payments, reliefs and deductions

· Prepare a range of monthly and annual tax returns dispatches and courier services.

Assessment: Portfolio 50% Examination 50%

Progression Routes: FETAC level 5 National Certificate in Business Administration