Part 3 of the Quorum Corporation Tax introduction series covers the chief detailed areas of company tax compliance regime in the UK. The course aims to provide the delegate with a thorough review of the UK’s administration and compliance system for company taxation. It concentrates in particular on the systems and procedures a company should have in place to deal with the compliance aspects of its CT return filing and tax payment obligations vis-à-vis HMRC and will look in detail at the current CT HMRC compliance checks regime.
The course assumes attendance on Parts 1 and 2 although that is not essential for someone looking for a refresher on these aspects of Corporation Tax.
The self-assessment obligation
Tax Payment and Return filing obligations
The CT instalments payment regime
Group payment arrangements
Interest and penalty provisions
The HMRC Compliance Checks regime
Information powers and procedures
Appeals and Tribunal procedures
Interest and penalties
HMRC powers to carry out compliance checks
HMRC procedures, what they can and cannot ask
Enforcement powers, information notices and appeal rights and obligations
Specific problem areas and potential compliance problems
Reorganisations and mergers-demergers
Statutory and Non-Statutory Clearance procedures
Companies in liquidation
Recent developments and changes to the CT regime
Press Releases, Statements of Practice and Case law developments in these areas will also be covered where relevant and any recent developments in relevant CT planning will be included.
WHO SHOULD ATTEND
This course is designed to follow on from the Corporation Tax – Parts 1 & 2 and topics covered in these will be assumed as prior knowledge. However, the course is also suitable for delegates with previous corporate tax experience, who are now starting to deal with the submission and agreement of computations under CT self-assessment.