UK Taxation Assignment

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 Instructions to Students: Please note:- The report format to be used is available in your handbook and you can refer to the guide that is in the assignmen t section on Blackboard. Part of the skill-set of a graduate is to communicate clearl y and accurately to the given audience. It is important that you take this into consideratio n when constructing your assignment. o u may re!uest help from your tutors or the study support staff. This assignment tests the following "earning #utcomes for the module: $. %ritically review and analyse the rationale and operation of the ta& system in the '() including *+T and ,I. The +ssignment Ta sk: ou have been asked by the local Small Business orum to hold a Ta& briefing for budding entrepreneurs in the area. ou should concentrate on how it will affect their new business) and e&plain the differences that will arise based on whether they choose to set up a limited company or not. ou have been asked to accompany your talk with a report that can be used to help ensure that all the relevant areas of ta& have been considered. ou will not be held responsible for the advice you give) so there is not a professional indemnity issue) however for your own credibility the work should be done diligently. + clear overview of the different forms of ta&ation that a business may be subect to) and some advice on how to minimise liability / within the law obviously / will be useful to the attendees of the forum. The assignment submission consists of the report that would accompany your presentation and be useful to a non- attendee too. It should clearly identify the sources of information that you have used. 0.111 words  +ssessment %r iteria ou will obtain marks for the following: Introduction and brief backgro und to the ta& system in the '( $12 The business entity choices for new business and their ta& implications $12 Ta&es on the Self employed 312 %orporation Ta & 312 *+T $12  Page 1 of 2

Transcript of UK Taxation Assignment

Page 1: UK Taxation Assignment

7/21/2019 UK Taxation Assignment

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Instructions to Students:

Please note:-

The report format to be used is available in your handbook and you can refer to the guide that is in theassignment section on Blackboard.

Part of the skill-set of a graduate is to communicate clearly and accurately to the given audience. It isimportant that you take this into consideration when constructing your assignment. ou may re!uest help fromyour tutors or the study support staff.

This assignment tests the following "earning #utcomes for the module:

$. %ritically review and analyse the rationale and operation of the ta& system in the '() including *+Tand ,I.

The +ssignment Task:

ou have been asked by the local Small Business orum to hold a Ta& briefing for budding entrepreneurs in the area.ou should concentrate on how it will affect their new business) and e&plain the differences that will arise based onwhether they choose to set up a limited company or not. ou have been asked to accompany your talk with a report thatcan be used to help ensure that all the relevant areas of ta& have been considered.

ou will not be held responsible for the advice you give) so there is not a professional indemnity issue) however for your

own credibility the work should be done diligently. + clear overview of the different forms of ta&ation that a business maybe subect to) and some advice on how to minimise liability / within the law obviously / will be useful to the attendees ofthe forum.

The assignment submission consists of the report that would accompany your presentation and be useful to a non-attendee too. It should clearly identify the sources of information that you have used.

0.111 words

 +ssessment %riteria

ou will obtain marks for the following:

Introduction and brief background to the ta& system in the '( $12

The business entity choices for new business and their ta& implications $12

Ta&es on the Self employed 312

%orporation Ta& 312

*+T $12

 Page 1 of 2

Page 2: UK Taxation Assignment

7/21/2019 UK Taxation Assignment

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#ther ta&es 42

Ta&es incurred by virtue of being an employer 5,I etc6 42

7ecommendations 8 %onclusion $12

Presentation of your work 5report format) referencing) spelling grammar and punctuation6 $12

Department of Business & Management'( Ta&ation

 Page 2 of 2