Taxation 2 (Acct)

This module introduces students to corporation tax.  It examines the territorial scope of the tax, the preparation of a detailed corporation tax computation and the associated administration and filing requirements of the tax.  In addition, the module examines group structures and reliefs, and the use of losses. 

1. Understand the territorial scope of corporation tax, the profits chargeable under Irish corporation tax legislation, and developments in environmental taxes.

2. Compute the corporation tax liability for a company including exposure to income withholding tax, and recommend tax planning measures where appropriate.

3. Demonstrate the ability to compute and use corporation tax losses both within the company and through group relief.

4. Compute Dividend Withholding tax.

5. Calculate the 'close company' penalties arising in a company and identify an appropriate plan on how best to manage/avoid additional tax liabilities as a result of management/shareholder decisions.