Corporation Tax Part 2 – Large Companies and Groups

Speaker:  Russell Cockburn  |  CPD Hours: 6.0

Price £545 plus VAT

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OBJECTIVES

Part 2 covers large UK companies, UK groups and more detailed corporation tax rules than is covered on the Part 1 course. This is a standalone course providing a review of the tax regime for larger UK companies and groups. Attendance on the Part 1 course is not essential as the course includes refresher points on these aspects of Corporation Tax but a basic understanding of the essential principles and computational aspects of corporation tax in the UK is assumed.

CONTENT

Introduction to group taxation

  • Loss relief – trade and non-trade losses, methods of available set-off
  • Recent changes to loss relief rules and procedures
  • Group relief rules and claims procedures
  • Expenses reliefs
  • Management expenses
  • Rental income losses
  • Capital Gains and losses

Financial income aspects

  • Loan relationships
  • Charges on income
  • The foreign profits exemption
  • The Worldwide debt cap – brief introduction
  • Double taxation relief
  • Foreign exchange transactions

Specific reliefs and avoidance provisions

  • Transfers of trade and loss relief rules
  • Major Changes in Trade rules
  • Capital gains and losses – rules and planning?
  • Inter-group rules and procedures
  • The substantial Shareholdings exemption
    • Qualifying companies
    • Losses rules

Recent developments and changes to the CT regime – the course provides coverage of any recent developments in the world of large and group company taxation as applicable in the UK and includes and relevant recent HMRC press releases, statements of practice and case law developments.

WHO SHOULD ATTEND

Part 2 is intended for newcomers to corporation tax in larger companies and groups, as well as those requiring a refresher on the issues applying to such companies. It aims to cover the main issues which affect larger UK corporates and identify the major important aspects of their CT returns which delegates are likely to encounter in practice on a day to day basis. At the end of the course delegates should be able to successfully identify and deal with the chief computational and compliance aspects of their company and group tax reporting obligations.

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