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