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Dr Ian Roxan NAB.7.25

and Mr Eduardo Baistrocchi NAB.7.33

This course is available on the LLM (extended part-time), LLM (full-time), MSc in Law and Accounting and University of Pennsylvania Law School LLM Visiting Students. This course is available with permission as an outside option to students on other programmes where regulations permit.

This course is capped at 30 students. Students must apply through Graduate Course Choice on 杏吧论坛forYou.

The course is suitable both for those who have not studied taxation before and for those who have. It is recommended for those studying LL4CJ Comparative Corporate Taxation or LL4CK Taxation of Corporate Transactions who have not studied taxation previously.

This course looks at how businesses are taxed in the UK. The course focuses on the key elements of the taxation of the income of businesses, including:

• taxation of trading income
• corporation tax, the nature of taxes on companies and the taxation of dividends
• capital allowances - relief for depreciation
• capital gains taxation
• partnership taxation
• tax relief for losses

The course is suitable for students who are interested in taking one course in taxation, including students who have not studied taxation before. It will be a good background course on UK business taxation for students taking LL4CJ Comparative Corporate Taxation or LL4CK Taxation of Corporate Transactions who do not previously have a sufficient background in UK taxation.

20 hours of seminars in the MT. 2 hours of seminars in the ST.

There will be a reading week in Week 6 of the MT.

One 2,000 word essay.

Indicative reading: Loutzenhiser, Tiley’s Revenue Law; Fairpo and Salter (formerly Lee), Revenue Law Principles and Practice; Salter, Lee and Snape, Revenue Law: Text and Materials. Legislation: Tolley's Yellow Tax Handbook, or CCH The Red Book. Current editions need to be used. Detailed reading lists will be provided during the course via Moodle.

Exam (100%, duration: 2 hours, reading time: 15 minutes) in the summer exam period.

Relevant legislation may be taken into the examination room (Tolley's Yellow Tax Handbook or CCH The Red Book) if un-annotated.