COURSE OBJECTIVES: This course will review the various contentious items in Schedule D Cases I and II computations for corporation tax and consider the problem areas and pitfalls. A practical case study will highlight areas of concern and will consider whether certain expenditure is allowable for Schedule D Cases I and II purposes.
The course will allow delegates to anticipate HMRC''s approach to these Schedule D matters, giving them a briefing on the workings of HMRC, and advise how to conduct negotiations regarding contentious items in the accounts in an effective manner.
COURSE CONTENT
- Is the expenditure allowable?
- The Schedule D Cases I and II tax computations
- Contentious allowable trading deductions
- Capital or revenue?
- The recognition of receipts as trading profits
- Schedule D Cases I and II problem areas
- Practical and detailed tax computation case study
- Negotiating with HMRC regarding certain expenditure
- Finalising HMRC correspondence and obtaining agreement
- Identifying items qualifying for capital allowances
- Disclaiming certain items
- The impact of recent tax cases, legislation and press releases
- Finance Act changes
- Commencement, cessation and succession
- Is the company really trading?
- The impact of losses
- Practical advice and planning
- General overview
WHO SHOULD ATTEND
Tax profesionals involved with corporation tax computations. The course is aplicable to those new to the area, or those who are familiar with the calculation of trading profit but require an update.
"The speaker presented the course in a very lively and enthusiatic way. I look forward to attending more courses in the future."
Would you like this course run in-house? Call us on 0207 566 8207 to find out more