Value Added Taxation (5 cr)

Evaluation scale

0-5

Content scheduling

Basics of VAT
Tax liability
Domestic trade
Rates
Own use
Deductions and conditions for the right to deduct
Foreign trade
Value added tax in accounting

Exam, lecture diary, query and assignments

Objective

The object of the course:
After completing the course, you will be able to handle value-added tax accounting tasks.

Course Competencies:
Business competence: The student knows the central theories related to this specialisation option. The student possess at least an advanced beginner’s skills in the practical tasks of the specialisation option.
Learning to learn: Is able to acquire, critically assess and appropriately apply the national and international knowledge base and practices of their field.
Ethics: is able to take responsibility for their own actions and their consequences and reflects on them in accordance with the ethical principles and values of their field.

The learning objectives of the course:
In this course, you will familiarize yourself with the most important issues of value-added taxation. You know the legislation and guidelines defining value-added taxation. You understand the basic concepts of value-added taxation. You know how the EU's value-added tax system works. You can handle the usual value-added tax issues that arise in connection with accounting.

Content

The course covers the tax system at the EU level, value added tax liability, taxable sales and related exceptions, own use, tax base, tax rates, deductible tax and related exceptions, special issues in value added taxation, and value added taxation of intra-community trade, foreign trade and service trade. In addition, issues related to registration, tax calculation, entries, reporting, assessment and cooperation with authorities are reviewed.

Location and time

Virtual learning
tentatively: from September 25th to November 27th
Lectures once a week
Work load is pretty high
No attendance requirement, the course can be completed at your own pace

Materials

Jokin seuraavista:

Joki-Korpela, T., Jokinen, M., Klemola, A., Kontu, J & Vilppula, T. Käytännön arvonlisäverotus. HKT-Media 2012 tai uudempi.
Äärilä, L., Nyrhinen, R., Hyttinen, P. Arvonlisäverotus käytännössä. Talentum 2015 tai uudempi. (Varsinainen kurssikirjallisuus)
Sirpoma, P., Tannila, E. Arvonlisäverotus käytännönläheisesti. Helsingin seudun kauppakamari 2014.

Teaching methods

The course is completely virtual in the e-learning platform Moodle with some virtual teaching or videos via Zoom.

The Course is an independent learning and does not include a restrictive schedule despite the exams and some other due dates.

Exam schedules

Tentatively exam: November 12th to 13th
Resit 1 from 19th to 20th November, the 2nd resit from November 26th to 27th.

Completion alternatives

Hyväksilukeminen (korvaaminen ja sisällyttäminen)
Muulla tavoin hankitun osaamisen tunnistaminen ja tunnustaminen
Opinnollistaminen
Tarkemmat ohjeet löytyvät tutkintosäännöstä ja opinto-oppaasta.

Student workload

Lectures 18 hours
Virtual learning 47 h
Independent study 70 h

The studies require constant working weekly.

Assessment criteria, satisfactory (1)

Adequate 1
You are familiar with the legislation and guidelines defining value-added tax. You understand the basic concepts of value-added tax. You know how the value-added tax system works. You can handle the usual value-added tax issues that arise in connection with bookkeeping as instructed.

Satisfactory 2
You are familiar with the legislation and guidelines defining value-added tax and can apply these in various value-added tax situations. You understand the basic concepts of value-added tax and can distinguish between basic situations and special issues in value-added tax. You know how the value-added tax system works. You can handle the usual value-added tax issues that arise in connection with bookkeeping as instructed and seek tax advice when necessary.

Assessment criteria, good (3)

Good 3
You are familiar with the legislation and guidelines defining value-added tax (VAT) and can apply these in various VAT situations. You can analyze different VAT questions. You know how the VAT system works and can independently find solutions to tax questions. You can handle even demanding VAT issues that arise in connection with bookkeeping and seek tax advice if necessary.

Very good 4
You are familiar with the legislation and guidelines defining VAT and can apply these in various VAT situations. You can analyze different VAT questions and assess the tax effects of different solutions. You know how the VAT system works and can independently find solutions to tax questions. You can handle even demanding company VAT issues and know where to get tax advice. You are able to guide others in VAT issues.

Assessment criteria, excellent (5)

Excellent 5
You have a comprehensive understanding of the legislation and guidelines defining value-added tax and can apply these in various VAT situations. You can analyze different VAT issues and evaluate the tax effects of different solutions. You know how the VAT system works and can independently find solutions to tax questions. You can handle even the most demanding company VAT issues and know where tax advice is available. You are able to answer for the correctness of VAT to various stakeholders.

Qualifications

-

Further information

The assessment of the course is based on the competence demonstrated in the exam, as well as the lecture diary. In order to pass the course, also all weekly assignments must be completed.