Overview:
- Credits:
- 5.0
- Level:
- 4
- Semester:
- Spring
- Subject:
- Accountancy
- School:
- Business
- Coordinator:
- Dr Charles Garavan
ACC41230 Tax Case Study Workshops
Academic Year 2023/2024
This module seeks to provide students with the ability to examine real-life scenarios, to research any potential tax liabilities and reliefs that might arise and to communicate the results of this research in a logical manner both to a tax technical audience and to non-tax technical audience (eg a client).Students will also learn:
- to identify and resolve ethical dilemmas which can arise when giving tax advice and to understand the difference between tax planning, tax avoidance and tax evasion;
- about the basic procedures of Revenue audits and other compliance interventions, the role of the tax advisor in such interventions, the making of disclosures and the consequences of non-disclosure, including publication in the list of tax defaulters, the imposition of penalties and prosecution
- about the requirements for a valid tax appeal and options open to taxpayers and to Revenue;
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Curricular information is subject to change
Learning Outcomes:
By the end of this module, students should be able to:
• Examine real-life scenarios and identify potential tax issues arising;
• Use tax legislation and other research tools to identify any liability to tax and any tax reliefs available;
• Modify a proposal in order to make it more tax efficient;
• Identify any further information that needs to be gathered in order to be able to give cogent tax advice;
• Communicate the results of the research in a technical manner;
• Support the research undertaken by producing a file note, citing legislative and other sources;
• Answer tax technical questions regarding the research undertaken;
• Identify potential ethical issues that arise when giving tax advice;
• Outline the types of Revenue compliance intervention and the tax advisor’s role in dealing with them;
• Use tax legislation and other research tools to identify any liability to tax that arises before or during a tax audit in a real-life scenario;
• Identify whether it is necessary or advisable to make a disclosure to Revenue and the consequences of non-disclosure, including publication in the list of tax defaulters, the imposition of penalties and prosecution;
• In a non-Revenue audit context, modify a proposal in order to make it more tax efficient, identify any further information that needs to be gathered in order to be able to give cogent tax advice, and draw up a step-plan to implement the advice given;
• Communicate the results of the research in a non-technical manner;
• Answer non-technical questions regarding the issues raised.
Case Study 1: Introduction; tax research sources; using tax legislation; case study examples.
Case Study 2: Technical communication; file notes: purpose and content; tax appeals; case study examples.
Case Study 3: CGT case study questions.
Case Study 4: CGT, CAT and stamp duty case study.
Case Study 5: Case study project assessment: approaching the assessment, using the research materials; CGT, CAT and stamp duty case study.
Case Study 6: CGT, CAT and stamp duty case study.
Case Study 7: Ethics, tax planning, tax avoidance and tax evasion.
Case Study 8: Non-technical communication; client letters: purpose and content, case study examples.
Case Study 9: Revenue audit and compliance interventions; disclosures; non-disclosure and consequences; penalties, publication and prosecution.
Case Study 10: Corporation tax case study based.
Case Study 11: Case study project assessment: approaching the assessment; Corporation tax case study.
Case Study 12: Corporation tax case study.
| Student Effort Type | Hours |
|---|---|
| Specified Learning Activities | 36 |
| Autonomous Student Learning | 60 |
| Small Group | 24 |
| Total | 120 |
Requirements, Exclusions and Recommendations
Not applicable to this module.
Module Requisites and Incompatibles
Not applicable to this module.
Assessment Strategy
| Description | Timing | Component Scale | % of Final Grade | ||
|---|---|---|---|---|---|
| Continuous Assessment: Continuous assessment individual project | Week 7 | n/a | Alternative non-linear conversion grade scale 50% | No | 50 |
| Project: Final individual project | Coursework (End of Trimester) | n/a | Alternative non-linear conversion grade scale 50% | No | 50 |
| Resit In | Terminal Exam |
|---|---|
| Summer | No |
Feedback Strategy/Strategies
• Group/class feedback, post-assessment
How will my Feedback be Delivered?
Not yet recorded.
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