Certificate in Personal and Transaction Tax (Certificate in Personal and Transaction Tax)

Limerick Institute of Technology (SB20PTT)
Key Programme Details
Award

Certificate in Personal and Transactional Tax, Special Purpose Award (Level 8, 30 Credits)

NFQ Level

Level 8 About NFQ

Delivery Method

Online

Mode

Part Time

ECTS Credits

30

Department

Department of Business & Financial Services

General Information
Contact

Nicola Kelly

Email

Springboard@lit.ie

Phone

+35361293055

Address

Springboard+ Team @ LIT
Flexible Learning Department
Limerick Institute of Technology
Flexible Learning Office (3A.06)
Moylish Park
Limerick
V94 EC5T

Important Dates
Application Deadline

27/11/2020

Start Date

18/01/2021

End Date

13/12/2021

About this Course

The primary aim of the Certificate in Personal and Transaction Taxation is to introduce learners to Income Tax and VAT principles for those working in SMEs or those with an interest in taxation and wishing to pursue further study in the subject area.

Those who complete the Certificate in Personal and Transaction Taxation will be eligible to apply for an exemption from Professional Accountancy Examinations and may also apply to enter the Bachelor of Arts (Hons) in Accounting under LITs transfer and progression policies.

Objectives

Modules

Personal and Business Tax
• Introduction to Taxation
• Income Tax
• Income from self-employment
• Property and Investment Income
• Employment Income
• Computerized Tax Applications
• Local Property Tax (LPT)
• Social Insurance and Universal Social Charge (USC)
• Stamp Duty
• Subcontracts and RCT
• Professional Services Withholding Tax (PSWT)

Transactional Tax
• Capital Gains Tax
• Value Added Tax
• Corporate Tax
• Corporate Governance and Ethics for Financial and Accounting Professionals

Entry Requirements

An honours degree (Level 8) in a non-finance and accounting or a non-cognate discipline or approved equivalent qualification

Or

A level 7 qualification in a non-finance and accounting or a non-cognate discipline and at least 1 year relevant professional experience/responsibility.

Or

Recognised Prior Learning (RPL) / Special Case Registrations: Prospective participants who do not meet the entry requirements for the programme detailed above, but who may qualify for admission by meeting certain other equivalent criteria, should notify the Flexible Learning Office and request consideration under RPL. Please submit your application online and then email all your supporting documents for RPL to Springboard@lit.ie

EXAMS: Please note that the exams for this course will take place weekdays, during daytime hours i.e. between the hours of 9am and 6pm. TBC closer to Exam Time.

ENGLISH LANGUAGE: Applicants who do not have English as their first language must ensure they satisfy English Language requirements. For entry to undergraduate courses, a minimum score of 5.5 in an IELTS exam is required. For postgraduate courses, a minimum of 6.0 is required. It is the responsibility of the applicant to ensure their English proficiency meets these requirements.

FEES: This programme is 90% Springboard funded for employed applicants and the subsidised fee to be paid is €300 and 100% Springboard+ funded for unemployed applicants on a qualifying payment.


Long Description

The primary aim of the Certificate in Personal and Transaction Taxation is to introduce learners to Income Tax and VAT principles for those working in SMEs or those with an interest in taxation and wishing to pursue further study in the subject area.

Those who complete the Certificate in Personal and Transaction Taxation will be eligible to apply for an exemption from Professional Accountancy Examinations and may also apply to enter the Bachelor of Arts (Hons) in Accounting under LIT's transfer and progression policies.

Course Modules:

Personal and Business Tax
• Introduction to Taxation
• Income Tax
• Income from self-employment
• Property and Investment Income
• Employment Income
• Computerized Tax Applications
• Local Property Tax (LPT)
• Social Insurance and Universal Social Charge (USC)
• Stamp Duty
• Subcontracts and RCT
• Professional Services Withholding Tax (PSWT)

Transactional Tax
• Capital Gains Tax
• Value Added Tax
• Corporate Tax
• Corporate Governance and Ethics for Financial and Accounting Professionals

Assessment
Each module will be assessed by continuous assessment worth 20% throughout the semester and by a written exam, worth 80%, at the end of the relevant semester.

What will the time commitment be?
Each 5 credits will normally equate to approximately 100 Total Learning Hours. Total Learning Hours includes the time you spend in class (lectures, tutorials, practical elements) and the time you spend completing work outside of college. The balance between these two varies by discipline, and by level of study. You should bear in mind that the workload will increase at particular times e.g. when assignments are due.

Timetable Info

Duration: 30 weeks (15 weeks per academic semester)

Delivery will be online with 3 weekend workshops (also online) per semester. Proposed workshop dates for semester 1:
• Saturday 23rd January
• Saturday 27th February
• Saturday 17th April

Lectures/workshops will be recorded and available to watch on Mondays.
Live tutorials will take place on Tuesday evenings at 8-9pm (Semester 1)
This programme will commence in January 2021

Delivery Location

Online

Delivery Notes

This course will be delivered online. There will be a mix of recorded lectures, live tutorials and workshops.

Admissions Contact Details
Contact Person

Nicola Kelly

Address

Springboard+ Team @ LIT
Flexible Learning Department
Limerick Institute of Technology
Flexible Learning Office (3A.06)
Moylish Park
Limerick
V94 EC5T

Phone

+353 61 293055

Email

Springboard@lit.ie

RPL Information

Recognition of Prior Learning (RPL) may be granted based on relevant experience and training in accordance with LIT's RPL Policy.

Application Procedures

Apply online at www.springboardcourses.ie

To complete your application process you must upload the following supporting documents in ONE FILE to your application:

1. Current CV
2. Proof of existing educational qualifications
3. Proof of nationality ie. passport (to meet funding criteria)
4. Proof of employment ie. payslip/P60 (amounts can be redacted) / social welfare payment ie. receipt/letter (to meet funding criteria)

Please note that places are LIMITED and only COMPLETE applications can be assessed. Please apply online here for your programme and ensure ALL SUPPORTING DOCUMENTS are uploaded to your online application. Any missing documents will lead to a delay in processing.

This programme is 90% Springboard funded for employed applicants (€300 is fee due) and 100% Springboard funded for unemployed applicants.

EMPLOYED APPLICANTS: ONE of the following: A recent payslip / most recent P60 / revenue documentation letter from employer confirming this (amounts may be redacted from financial documents) / letter/email from employer / proof from company website / LinkedIn Profile etc.

UNEMPLOYED APPLICANTS: Proof of social welfare: Written confirmation from the Department of Employment Social Protection (DEASP) that you are a Social Welfare recipient at the commencement of the course. Name of payment. Receipt from Post Office may suffice.

RETURNERS: If you are a returner who has been on home or other caring duties for 9 of the last 12 months OR you are economically dependent on a partner or spouse and have been unemployed for 9 of the last 12 months you must supply a notarized affidavit confirming this. Please email Springboard@lit.ie to request this form.

FORMERLY SELF-EMPLOYED: Provide a letter/statement from Revenue stating that the applicant is no longer trading or a similar letter from the applicants (former) accountant should be sufficient.

EXAMS: Please note that the Exams for this course will take place weekdays, during daytime hours i.e. between the hours of 9am and 6pm (TBC)

FEES: This programme is 90% Springboard funded for employed applicants and the subsidised fee to be paid is €300 and 100% Springboard+ funded for unemployed applicants on a qualifying payment.

Media
Part-Time, Flexible Learning Programmes at LIT

Check out our website for other part-time programmes in LIT

https://lit.ie/flexible-learning