Taxation

Banking and Financial Studies

Presentation (oral/viva)Brief – BTEC

Higher National Diploma in Business (Level 5)

 

Student Name/ID Number
Unit Number and Title Unit 30 -Taxation
Academic Year
Unit Assessor
I. V. Name
Assignment Title Evaluate the impact on organizations of the legal and ethical constraints associated with taxation responsibilities
Presentation Date

 

Presentation Format:
 

This assessment component is designed to assess the command verbs used in this learning outcome (LO4) through an Individual presentation (oral/viva/). Each student is required to prepare a power point presentation consisting 25-30 slides about the impact on organizations of the legal and ethical constraints associated with taxation responsibilities.Presentation has to be submitted to the assessor at least two days’ ahead of the presentation by the learner.

 

Learners are required to align the presentation perfectly to the action verbs and the qualitative rubrics (see page 2). The assessment will also observe over and above the action verbs, the following transferable skills;

 

1.      Oral communication

2.      Critical thinking

3.      Reasoning

4.      Creativity

The presentation/oral/viva is for 20 minutes and 10 minutes is for questions and answers.

 

Note: The power point presentation and all other evidences/support documents of this assessment component must be appended to this evaluation(presentation/oral/viva) brief. Please fill this document in soft copy so that same may be uploaded to the ERP with evidences/support documents. This evaluation form has to be filled for each learner irrespective of whether it is a group or individual presentation.

 

Unit Learning Outcome:
 

LO4 Evaluate the impact on organisations of the legal and ethical constraints associated with taxation responsibilities

 

Grades
Pass Merit Distinction
LO4 Evaluate the impact on organisations of the legal and ethical constraints associated with taxation responsibilities
P4

Evaluate the impact of key legal and ethical constraints on different organisations.

 

M4

Critically evaluate the impacts of key legal and ethical constraints on application to different organisations, providing supporting conclusions and recommendations.

 

D3

Provide supporting and justified recommendations for responding to and minimizing the impact of legal and ethical constraints for a range of international examples.

 

Taxation Case Scenario

For the purpose of this assignment, assume today’s date as 15/12/2018.

Mr James and Mrs Jeena are married couple.

James was an employee in a MNC UK based company with salary of £8,000 per month till 30thJune 2018 (employer deducted PAYE of £4,800 for the salary income). On 30thJune 2018, James resigned his job and commencedhis own businessfrom 1stJuly 2018 with an expected Sales turnover of £20,000 per month.

You are a fresh graduate tax trainee and apart of the tax advisory team. The advisor has helped Mr James in filing returns for the last 5 years, taking care of all his personal and business income.Every year,Mr James has a habit of pressurising youto reduce his tax liability by investing in schemes like Individual Savings Account and National Savings Certificates, so that he can save tax to the extent of £3,000.

MrsJeena is a housewife, and did not have any taxable income till 30th June 2018. She however hadmisunderstanding with her husband and used to visit his office frequently to gather any information on hissavings, investment, tax liability, bank details, NIC, VAT, PAYE, etc.  As you are Mr James’s tax advisor, Mrs Jeena had approached you several times to collect information in this regard, but has been unsuccessful till date.

Recently Mrs Jeena inherited a building (in UK) and a business (in Singapore) on the death of her mother on 1stAugust 2018. Her mother had given the building on rentand Mrs Jeenaagreed to continuewith the same tenant for a monthly rent of £5,000 from 1st August 2018.

As she was keen to know all tax related information of her husband, she decided to give her Tax work(tax calculation for Rental Income and tax filing etc.) to you. She submitted all documents relating to the building and business inherited by her from her motherand requested to consider the rental income effective from 1stJanuary 2019 onwards.

Mrs Jeena suggested that since theinherited businesswas in Singapore, there is less possibility of tracingout the income from Singapore business,and therefore insisted not to disclose the business inherited from her mother for tax purpose. Her knowledge on taxation is poor. She is not aware of the legislation at various levels- Local, Regional and International and how these legislations applies for both her husband’s and her income inUK andfor her business in Singapore.

As part of tax advisory team, you are asked to provide supporting and justified recommendations to Mrs Jeena for responding to and minimising the impact of legal and ethical constraints for the range of scenarios provided above.

(For details refer to Grades and qualitative rubrics given in page 2)

 

 Observation record:

Student name:  
Qualification: Higher National Diploma in Business (Level 5)
Unit number & title: Unit 30- Taxation
Description of activity undertaken
Assessment & grading criteria
How the activity meets the requirements of the criteria
Student signature:   Date:  
Assessor signature:   Date:  
Assessor name:  

 

 

ASSESSMENT RECORD SHEET – SUMMATIVE FEEDBACK
Deadline  

 

Date submitted
Targeted criteria Criteria achieved Assessment comments
 

General comments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Learner Declaration I certify that the evidence submitted for this presentation/oral/viva is my own. I have clearly referenced any sources used in the work. I understand that false declaration is a form of malpractice.
Learner signature  

 

 

Date
Assessor declaration I certify that the evidence submitted for this presentation/oral/viva is the learner’s own. The learner has clearly referenced any sources used in the work. I understand that false declaration is a form of malpractice.
Assessor signature  

 

 

Date
Date of feedback to learner

 

Taxation

Last Updated on February 10, 2019 by EssayPro