Masters in Taxation in Ireland

MSc in Taxation in Ireland

The University of Limerick offers MSc in Taxation in Ireland with the aim to provide students with a thorough grounding in the knowledge and application of taxation theory, law and practice as applied to individuals and corporate entities both nationally and internationally. It also provides an opportunity for students to progress to study for the leading Irish professional tax qualification, AITI Chartered Tax Adviser (CTA), and become a member of the Irish Tax Institute. he practice of taxation, both domestically and globally, has grown significantly in complexity and importance over the last two decades, creating exciting and dynamic opportunities nationally and internationally for tax experts. The Master of Taxation offers students the opportunity to be educated in tax in a holistic, integrated and sustainable manner. Graduates from the programme will be entitled to exemption from Part 1 (full) and Part 2 (partial) of the Irish Tax Institute professional exams, subject to minimum grade requirements. Among the core aims of courses for taxation in Ireland are to equip students with the following:

• The sustainable tax technical skill required for personal and corporate tax compliance and consulting work;
• An understanding of the underlying theory behind the discipline, the techniques of taxation and their implications in a social context;
• An ability to appreciate the ethical aspects of personal and corporate tax planning and the protection of the national tax base;
• The tools necessary to research technical tax issues;
• The research skills necessary to formulate, conduct and report on an independent piece of academic research;
• Key personal and professional skills including decision-making, collaboration, communication, critical thinking and presentation skills.

The best courses for Taxation in Ireland is as follows:

Entry Requirement for Taxation in Ireland

A career in tax can be one of the most interesting to choose, according to those in the field. No two days are the same because you will be dealing with a broad range of clients on a daily basis that has different issues and will face different outcomes in relation to their individual circumstances. This variety keeps the work interesting. One minute you could be preparing an income tax return, and the next you could be preparing a consultancy piece on the tax implications under the various tax heads of a company re-org. The entry requirement for Masters in Taxation in Ireland depends on the university of study.

The following is the entry requirement for MSc in Taxation in Ireland

On top of that, foreign students need to submit their Statement of Purpose, Academic Resume Sufficient funds proof, Health Insurance are also part of the requirements.

Studies of our team on the 2020 admission method has exposed to get admission in the course MS in Taxation in Ireland the applicants must have 70% or above with less than seven backlogs, the institute of technologies requires there applicants to have more than 60%. The college expects its applicants to have 55% or more with ten or fewer backlogs.

Admission to Masters in Taxation in Ireland requirements is as below.

• The first and most essential requirement is a Bachelor's degree in math, finance, and relevant graduates with less than five backlogs, and a 60% score. Related work expertise can be an appended advantage.
• Without GRE - The Ireland universities do not set GRE scores as a necessary requirement; instead, they look through the student's entire application.
• Supporting documents (Resume, LOR & SOP)- Statement of purpose (SOP), a piece by the student explaining the interests and achievements in his academic and professional journey, stresses the intentions for a Master's. Another document is the Letter of Recommendation (LOR) drafted by your supervisor, or academics, and your resume is other essential requirements. Ireland universities require three letters of recommendation as a part of the application.

IELTS Requirements for Masters in Taxation in Ireland

If you are not a native speakers of English, you can check up the minimum IELTS requirements for MSc in Taxation in Ireland It tests your reading, writing, listening and speaking skills and grades each of the skills on a score of 10. After that an overall score is calculated and is also graded on a scale of 10. The Minimum IELTS scores for Masters in Taxation varies according to the university of study.

The IELTS scores for MSc in Taxation in Ireland is as follows:

PTE Requirements for Masters in Taxation in Ireland

Pearson’s Test of English is another test that is undertaken by students to secure an admit in any of the top universities. It also grades you on the four modules of reading, writing, listening and speaking, exactly like the other two english language tests taken up by non native speakers of english. The PTE scores for MSc in Taxation in Ireland is given below:

Scope of Taxation - Post COVID 19

Taxation scopes in Ireland have a varied range and the opportunities include as Tax Manager, Assistant Professor, Chief Financial Officer, Financial Manager, Certified Public Accountant. The limit to which people can be taxed largely depends on their position. If most citizens are conscious of their responsibility to society the Taxation scopes in Ireland would be unlimited. The field remains untouched by the hostile forces of pandemic COVID -19.

Tax Accountants Work in

• Public practice firms including the huge multinationals, such as the ‘Big Four’, - PricewaterhouseCoopers, Deloitte & Touche, Ernst & Young and KPMG with office around the globe.
• Business banking sector
• Private and government sectors
• Professionally you can also opt for teaching jobs in colleges and universities.
• Industry and commerce: Accountants employed in industry and commerce can work in a variety of roles. Accountants in the industry are an integral part of management.

Role of a Tax Accountant:

• Preparing and submitting accounts and tax returns.
• Advising about business plans, investment opportunities, etc.
• Assisting clients with financial and income tax statements.
• To develop or plan a strategy to minimize the income tax.

Working With Corporate

If you choose to go the corporate route and you work for a company,

• You may work as a supervisor in the accounting department or as a member of the team in the department.
• You will need to know the governmental regulations in accounting as well as all of the generally accepted accounting principles to be successful in this role. Because corporate tax filings are more complicated, you may need more experience to work in this role.
• Review files and company financial records, prepare ledgers, fill out tax forms, maintain contact with tax agencies and hold meetings that are related to taxation and strategy. If you prefer to work in more of a corporate environment, working internally for a company is ideal.
• You may also want to consider becoming a forensic accountant which is a professional who internally audits their organization to avoid penalties that are caused by tax filing errors.

If you want to become a tax accounting professional, you will need to earn your degree in accounting and then get on-the-job experience. Once you have a degree, you will be prepared to work with tax returns or company tax record keeping with a firm or directly with a company.

Job Titles of Tax Advisers

• Accountant
• Tax Policy Analyst
• Financial Analyst
• Internal Auditors
• External Auditors
• Employment Tax Specialist
• Personal Finance Consultant