EYTaxation L5
Objectives of the Programme Module
To facilitate the learner in applying the current Finance Acts and relevant tax legislation
To enable the learner identify the tax administrative procedures involved in preparing the
tax returns for a business.
To assist the learner in completing basic income tax, capital gains and company tax
computations and VAT returns.
To facilitate the learner gain an understanding of personal taxation and reliefs and be able
to contribute to the preparation of personal income tax returns.
To assist the learner in preparing for a Revenue audit and the procedures to be followed in
agreeing various tax liabilities with the Inspector of Taxes.
To enable the learner to gain an understanding of how Pension Schemes operate.
To assist the learner to develop the academic and vocational language, literacy and
numeracy skills related to Taxation through the medium of the indicative content
To enable the learner to take responsibility for his/her own learning.
Target Award
QQI Office Administration – 5M1997
Start Date: 28-08-2024 Hours/week: 03 Hrs 00 Mins Duration: 24 weeks
NFQ Level 4 or equivalent when accessing a Level 5 programme.
CERFL proficiency at B2 for access to Level 5 courses for those whose first language is not English
Mature learner entry requirements available via the local ETB pathway
Additional requirements may apply to non-EU/EEA Applicants and may be subject to full international fees (Please refer to Information for International Learners)
*Each provider may have additional requirements, not outlined above.
Age Requirements
Minimum statutory school leaving age (16+)
Learning Aptitude
Applicants must have a motivation to learn, an interest in the subject and the ability to acquire the knowledge, skills and competencies set out in the course.
Previous Experience
Applicants must be able to demonstrate a moderate range of knowledge, skills and competencies relevant to the course, be able to work with responsibility and demonstrate the ability to work on their own initiative.
| Module | Award | Body |
|---|---|---|
| Taxation | Taxation (5N1421) | QQI |
Learners will be able to:
1. Explore the various trading structures through which a business can carry out its activities
2. Identify the tax returns that a typical business is required to make including the tax records
required for a Revenue audit
3. Summarise the general concepts and procedures relating to Value Added Tax (VAT) to include
thresholds for VAT registration, procedures for registration, the records required for accurate
VAT accounting, VAT rates and the VAT implications of inter-EU trade
4. Examine the Corporation tax and Capital Gains Tax obligations applicable to a range of business
activities to include tax rates, payment dates and reliefs
5. Analyse the tax rules applicable to dealing with contractors and sub-contractors, to include an
explanation of which rules apply, the calculation of sub-contractor tax liability and the
documentation required to complete tax returns relating to contractors
6. Summarise the PAYE and PRSI system to include tax credits, standard rate cutoff points,
different pay frequencies, the tax treatment of benefit-in-kind, expense claims, disability
benefits and maternity payments
7. Comment on the general operation of Pension Schemes to include the registration of new
employees and the tax treatment of a range of additional pension contributions
8. Explore the tax treatment of and procedures relating to a range of tax areas including Director’s
Loans, Redundancy Payments and Leases and Hire Purchase of assets
9. Appraise the tax advantages and disadvantages of a range of business trading structures
10. Access the Revenue’s online tax payment facilities and apply for a range of tax certificates and
forms
11. Calculate a range of tax payments, reliefs and deductions
12. Assist in preparing the Annual Tax Return
13. Process the registration of new employees with Pension Schemes
14. Contribute to the tax accounting for a range of payments, reliefs and deductions
15. Prepare a range of monthly and annual tax returns.