University of London International Programmes
Postgraduate Laws programme:
Master of Laws (LLM), Postgraduate Diploma and Postgraduate Certificate
Course outline (not yet available)
| Taxation of business enterprises |
| Students are advised that 'Taxation of business enterprises' is an advanced course and as such demands some understanding or previous knowledge of tax law. If students have not previously studied tax law at undergraduate level or have no experience of it in practice, it is advised that they undertake the 'Taxation principles and policy' course alongside 'Taxation of business enterprises'. |
| Section A: Introduction to business enterprises and general principles of business taxation |
| · Business enterprises |
| · Taxation of income |
| · Taxation of capital |
| · Introduction to corporation tax |
| Section B: Practical elements and complications in taxation of business principles |
| · Trading stock |
| · Capital allowances |
| · Loss relief |
| · Loan relationships |
| Section C: Group structures and reorganisations relevant to taxation business principles |
| · Groups |
| · Consortia |
| · Distributions |
| · Share reorganisations |
| Section D: Elements of international business taxation |
| · Controlled foreign companies and anti avoidance |
| · Transfer pricing |
| · Foreign element |
| · VAT |
Sequence:
Section A, followed by Section B, followed by Section C, followed by Section D. |
Textbooks:
Tiley and Collison’s UK Tax Guide [current edition] (London: LexisNexis Tolley) |
| Tolley’s Yellow Tax Handbook [current edition] (London: Butterworths) |
