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BTEC Level 5 HND Diploma In Business

Qualification

Unit number and title

Pearson BTEC Level 5 HND Diploma

Unit 12: Taxation

Business

Student name

Assessor name

MOUROUHAN ARIFOGLU

Date issued

Completion date

Submitted on

02.02.2014

22.05.2015

22.05.2015

Assignment title

UK-Taxation

Learning

Learning

Assessme

In this assessment you will have the

Task

Evidence

opportunity to present evidence that

Outcome

nt Criteria

no.

outcome

shows you are able to:

(Page no)

Understand

1.1

describe the UK tax environment

the duties

and

1.2

analyse the role and responsibilities of the

responsibiliti

LO1

es of the tax

tax practitioner

practitioner

1.3

explain the tax obligations of tax payers

in the UK tax

or their agents and the implications of

environment

non- compliance

Be able to

2.1

calculate relevant income, expenses and

allowances

calculate

personal tax

liabilities for

2.2

calculate taxable amounts and tax

LO2

payable for employed and self-employed

individuals

and

individuals and payment dates

partnerships

2.3

complete relevant documentation and tax

returns

Be able to

3.1

calculate chargeable profits

calculate

corporation

LO3

tax liabilities

3.2

calculate tax liabilities and due payment

for

dates

companies

3.3

explain how income tax deductions are

dealt with

Be able to

4.1

identify chargeable assets

calculate

4.2

calculate capital gains and losses

LO4

capital gains

tax payable

4.3

calculate capital gains tax payable.

for

individuals and businesses

Learner declaration

I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.

Student signature:

Date:

In addition to the above PASS criteria, this assignment gives you the opportunity to submit evidence in order to achieve the following MERIT and DISTINCTION grades

Grade Descriptor

Indicative characteristic/s

Contextualisation

M1Identify and apply strategies to

Effective judgements have been made.

To achieve MI, have effective judgements and approach to study

find appropriate solutions

and research to understand the duties and responsibilities of the

An effective approach to study and

tax practitioner in the UK tax environment and calculate personal

research has been applied.

tax liabilities for individuals and partnerships . Task 1

M2 Select / design and apply

A range of methods and techniques

To achieve M2, apply range of methods and techniques and design

appropriate methods / techniques

have been applied

the methods and techniques to calculate corporation tax liabilities

for companies and capital gains tax payable for individuals and

The design of methods and

businesses

techniques/sources has been justified

Task 2

M3 Present and communicate

Coherent , logical development of

To achieve M3, you need to demonstrate coherent and logical

appropriate findings

principles and concepts for the

intended audience

development of marketing principles and concepts and use appropriate

structure and approach to calculate corporation tax liabilities for

companies and capital gains tax payable for individuals and

Appropriate structure and approach has

businesses

been used

Task 2

D1 Use critical reflection to evaluate

Conclusions have been arrived at

To achieve D1,justify conclusions through synthesis of ideas to to

own work and justify valid

through synthesis of ideas and have

conclusions

been justified.

calculate corporation tax liabilities for companies and capital gains

tax payable for individuals and businesses Task 2

D2 Take responsibility for managing

Activities have been managed.

To achieve D2, manage activities through properly planning and

and organising activities

Substantial activities projects or

organizing to calculate corporation tax liabilities for companies and

investigations have been planned,

capital gains tax payable for individuals and businesses

managed and organised

Task 2

D3 Demonstrate convergent /lateral

Ideas have been generated and

To achieve D3, demonstrate receptiveness to new ideas and take

/ creative thinking

decisions taken

decisions to understand the duties and responsibilities of the tax

Receptiveness to new ideas is evident

practitioner in the UK tax environment and calculate personal tax

liabilities for individuals and partnerships Task 1

Assignment brief

Unit number and title

Unit 12: Taxation

Qualification

Pearson BTEC Level 5 HND Diploma In Business

Start date

02.02.2015

Deadline/hand-in

22.05.2015

Assessor

MOUROUHAN ARIFOGLU

Assignment title

UK-Taxation

Purpose of this assignment

For this first assignment you need to produce a report. You are required to demonstrate your understanding of the taxation of individuals and limited companies in the United Kingdom.

Task 1 (LO 1.1, 1.2, 1.3, 2.1, 2.2, 2.3) M1, D3

Scenario I:

BTEC Level 5 HND Diploma In BusinessAs a Tax consultant, you are asked to produce a comprehensive report for your organization. Recruitment is based on both employee and self-employed contracts. Your company holds different business ownership structures. Your report should include duties and responsibilities of the tax practitioner in the UK business tax environment, calculation of personal tax liabilities, corporation tax liabilities and capital gains tax payable calculations based on your customer`s organization.

In the first part of the assignment, you need to

Describe the UK tax environment. Give an overview of the taxation environment which includes the purpose and types of taxation such as income tax, corporation tax, capital gains tax, and inheritance and different methods of collection and the relevant tax legislation.(AC 1.1)

Analyze the role and responsibilities of the tax practitioner and discuss how this individual or organization would deal with Inland Revenue, how they would advise clients, calculate liabilities and respect confidentiality, and so on. (AC 1.2)

Explain the tax obligations of taxpayers or their agents and the implications of non-compliance (AC 1.3)

Calculate relevant income, expenses, and allowances.(AC 2.1)

Calculate taxable amounts and tax payable for employed and self-employed individuals and payment dates. (AC 2.2)

Complete the relevant documentation and tax returns of the organization. Relevant documentation in the UK would include tax returns hard copy or online P60, P45, P11 D, etc. Justify how these should be completed. (AC 2.3)

To achieve MI, have effective judgments and approach to study and research to understand the duties responsibilities of the tax practitioner in the UK tax environment and calculate personal tax liabilities individuals and partnerships

To achieve D3, demonstrate receptiveness to new ideas and take decisions to understand the duties and responsibilities of the tax practitioner in the UK tax environment and calculate personal tax liabilities for individuals and partnerships

Task 2 (LO 3.1, 3.2, 3.3,4.1, 4.2, 4.3) M2,M3,D1,D2

Scenario II:

You are required to produce a report based on your chosen company. Please select your own working environment or any other organization with which you are familiar. In this part of the assignment, you need to

Calculate chargeable profits. (AC 3.1)

Calculate corporation tax liabilities and due payment dates. Justify how tax due is calculated and when the payment would be due (AC 3.2)

Explain how income tax deductions are dealt with. (AC 3.3)

Identify chargeable assets. (AC 4.1)

Calculate capital gains and losses &capital gains tax payable. (AC 4.2&4.3)

To achieve M2, apply a range of methods and techniques and design the methods and techniques to calculate corporation tax liabilities for companies and capital gains tax payable for individuals and businesses

To achieve M3, you need to demonstrate coherent and logical development of principles and concepts and use appropriate structure and approach to calculate corporation tax liabilities for companies and capital gains tax payable for individuals and businesses

To achieve D1, justify conclusions through the synthesis of ideas to calculate corporation tax liabilities for companies and capital gains tax payable for individuals and businesses

To achieve D2, manage activities through proper planning and organizing to calculate corporation tax liabilities for companies and capital gains tax payable for individuals and businesses

Evidence

Summary of evidence required by student

Evidence

checklist

presented

A report that demonstrates the understanding of the taxation of individuals and limited companies in the United Kingdom. The report must be written in

professional manner and properly referenced. The report should comply with

Task 1&2 the word count of 3000 with +/- 10% margin. You may use tables and diagrams to support your report to illustrate the text. Word count excludes the index,

headings, information contained in tables, references and bibliography. You should use Harvard Style in-text referencing and bibliography. Read more about : Process Of Strategic Planning Assignment

Achievement Summary

Pearson BTEC Level 5 HND

Qualification

Diploma in Business

Assessor name

Unit Number and

Unit 12: Taxation

Student name

title

Criteria

To achieve the criteria the evidence must show that the

Achieved?

Reference

student is able to:

(tick)

LO 1

1.1

Describe the UK tax environment

1.2

Analyse the role and responsibilities of the tax practitioner

1.3

Explain the tax obligations of tax payers or their agents and the

implications of non- compliance

Lo 2

2.1

Calculate relevant income, expenses and allowances

2.2

Calculate taxable amounts and tax payable for employed and

self-employed individuals and payment dates

2.3

Complete relevant documentation and tax returns

Lo 3

3.1

Calculate chargeable profits

3.2

Calculate tax liabilities and due payment dates

3.3

Explain how income tax deductions are dealt with

Lo 4

4.1

Identify chargeable assets

4.2

Calculate capital gains and losses

4.3

Calculate capital gains tax payable.

Higher Grade achievements (where applicable)

Grade descriptor

Achieved?

Grade descriptor

Achieved?

(tick)

(tick)

M1: Identify and apply strategies to

D1: Use critical reflection to

find appropriate solutions

evaluate own work and

justify valid conclusions

D2: Take responsibility for

M2: Select/design and apply

managing and organising

activities

appropriate methods/techniques

D3: Demonstrate

M3: Present and communicate

convergent/lateral /creative

thinking

appropriate findings

Assignment Feedback

Formative Feedback: Assessor to Student

Action Plan

Summative feedback

Feedback: Student to Assessor

Assessor Signature

Date

Student Signature

Date

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