Award in Elements of Maltese Taxation

Target Audience:

This award is aimed at people who already possess prior knowledge in accounting and would like to learn about Maltese VAT Legislation on a part-time basis, possibly because they are either working in the accounting field full-time or would like to migrate to a job in accounting.

Entry Requirements:

MQF level 3 qualification

Study Programme Description:

The purpose of this unit is to provide the learner with a basic understanding of the Maltese VAT legislation. Throughout this unit, the learner will develop the necessary skills to prepare and submit accurate VAT returns and VAT declarations to the Office of the Commissioner for Revenue and to ensure that taxable persons are compliant with the tax legislation.

The unit will provide learners with the knowledge of the VAT laws and their implications and how such laws and knowledge can be translated into specific actions and procedures within organisations. Learners will understand the rights and obligations of both taxpayers and the Malta Tax Authority (Commissioner for Revenue) and the implications of an organisation not adhering to the VAT laws and tax regulations.

The unit will guide the learner on sourcing VAT material which can be used when guidance is required on technical VAT matters and for keeping up to date with changes in practice or with relevant legislation

Study Programme Learning Outcomes:

• LO1 Explain the concept and role of VAT in the tax system.
• LO2 Apply ‘the scope of VAT’ principle to determine tax liability.
• LO3 Recognise the VAT registration and de-registration processes.
• LO4 Record VAT in the books of a business.
• LO5 Prepare VAT returns / declarations according to Maltese legal requirements.
• LO6 Communicate VAT information to the relevant parties.

Study Programme Assessment Method:

‘ Written Exam

Study Programme Structure‚  

The structure of this award consists of one unit.

Vocational Components

The above leaning outcomes all focus and cover core vocational knowledge and skills to start a career in financial accounting. Hands on practice is integrated in the step-by-step teaching method used to meet these learning outcomes and produce accurate and truthful accounting reports compliant with the Maltese Taxation.