Corporation Tax Part 2 – Large Companies and Groups

Speaker:  Russell Cockburn  |  CPD Hours: 6.0

Price £575 plus VAT

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OBJECTIVES

Part 2 is a standalone course which covers the tax issues relevant to large UK companies and groups. Attendance on Part 1  is not essential but a basic understanding of the essential principles and computational aspects of corporation tax in the UK is assumed. Any recent developments in UK group taxation law and practice plus case law decisions will be covered together with any recent changes likely to be of day to day relevance to the busy group tax manager or adviser working in an accountancy or tax practice. At the end of the course, delegates will benefit from an understanding of the taxation consequences of creating a group having reviewed the regime on group taxation, group loss relief and group capital gains.  They will also gain an appreciation of problem areas in group taxation and planning.

CONTENT

Introduction to group taxation

  • Loss relief including FA 2017 changes
  • Group relief rules and claims procedures
  • Management expenses and Rental income losses
  • What is and is not a group
  • Group tax computations, group relief for losses,
  • Group payment arrangement for corporation tax, group taxation administration
  • Companies joining and leaving a group, group transfers of trade
  • Group capital gains and losses and how to mitigate them, and planning
  • Inter-group transactions and the tax consequences

Financial income aspects

  • Loan relationships
  • Charges on income
  • The foreign profits exemption
  • FA 2017 rules on interest relief restrictions
  • Double taxation relief
  • Foreign exchange transactions

Specific reliefs and avoidance provisions

  • Transfers of trade and loss relief rules
  • Major changes in trade rules
  • The substantial shareholdings exemption

WHO SHOULD ATTEND

Aimed at newcomers to corporation tax in larger companies and groups, as well as those requiring a refresher, this course covers the main issues affecting larger UK companies. 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.

The course is intended for working in commercial tax departments or as corporate tax advisers in practice who need an introduction to the different areas of group corporation tax particularly computations, group relief and group tax responsibilities. The aim is to equip delegates with a good knowledge of the UK’s current group taxation regime and the various features which can be of relevance to business tax and compliance and advisers dealing with planning the tax affairs of a small, medium or large group on a day to day basis.

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