Corporation Tax Part 1 - The Complete Introduction
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COURSE OBJECTIVES: This course is a standalone introduction to the main features of the UK Corporation Tax System, but combined with Parts 2 and 3 will give delegates a detailed outline of the UK taxation regime for corporate businesses.


It combines worked examples and cases studies to cover all the main aspects of a corporation tax computation alongside statute, case law and the relevant HMRC practice.


COURSE CONTENT


What is a company for CT purposes?

  • Trading and investment companies

    - Different types of company

    - Mutuals and unincorporated associations

  • Company residence rules

  • Company accounting periods and the charge to Corporation Tax


Computing Corporation tax profits

  • Trading profits, rules on income and expenses.

  • The Importance of UK GAAP/IFRS

  • Capital allowances – the basics

  • Rental income profits, expenses and receipts

  • Investment income and income tax

  • Loss reliefs

  • Intangibles reliefs

  • Company capital gains and loss relief rules


Computing Corporation tax liabilities

  • Rates of tax and tax thresholds

  • Small and large company rates of tax

  • Marginal rates of tax calculations

  • Associated company rules

  • Close companies - special tax regime

  • Company Loan Interest - rules and obligations

  • Preparing a corporation tax computation

  • Preparing a corporation tax return

  • Case study on CT computations and returns


WHO SHOULD ATTEND


Part 1 is intended for newcomers to corporation tax, as well as those requiring a refresher on the basic principles. Those new to tax completely should consider attending Introduction to the UK Tax System before attending this course.


"I found Russell Cockburn the lecturer to be very engaging and a fantastic tutor. He gave many exapmples of how the literature handed out actually worked in the 'real world' of a working environment and thoroughly covered most aspects included in the handouts. The booklets handed out were very detailed but laid out in a way that I found easy to understand and easy to follow along with the class over the 3 days." Copart UK


"An excellent introduction to Corporation Tax with good course notes to take away. The presenter's depth of knowledge with real practical examples helped understanding of the subject. I have subsequently booked on part 2." University of Nottingham


Would you like this course run in-house? Call us on 0207 566 8207 to find out more


Russell Cockburn an independent taxation consultant, author and lecturer has presented tax seminars and in-house courses for Quorum Training Limited for 20 years. He is an experienced presenter for a number of professional training organisations on a variety of UK taxation topics throughout the UK.

Formerly an Inspector of Taxes with a range of tax experience in HMRC he joined the wider tax/accountancy profession in 1987 as a corporate tax manager for a medium sized firm of chartered accountants going on to head up the business tax department of a small firm of chartered accountants.
In 1989 Russell established his own specialist taxation consultancy practice. He now heads up Bluebell House Consultants LLP a tax consultancy and training partnership based in Cumbria specialising in personal and business tax consultancy services to a wide range of clients throughout the UK.
Russell has lectured all over the UK on tax as well as in diverse locations as far

Fees (ex VAT)


Member Fee
£315.00

Non Member Fee £395.00
Locations & Dates
20/03/2012 - London (09:30 am - 05:00 pm) Speaker & Venue Details BOOK >>
22/05/2012 - London (09:30 am - 05:00 pm) Speaker & Venue Details BOOK >>
03/07/2012 - London (09:30 am - 05:00 pm) Speaker & Venue Details BOOK >>
09/10/2012 - London (09:30 am - 05:00 pm) Speaker & Venue Details BOOK >>
11/12/2012 - London (09:30 am - 05:00 pm) Speaker & Venue Details BOOK >>