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Corporation Tax Part 1 : The essentials – Session 1 & 2

A 6 hour CPD course covered in 2 x 3 hour sessions over consecutive days will provide an introduction to the basics of UK Corporation Tax covering the essential elements of preparing corporation tax computations and returns for UK companies.

Select specific date to see price, venue and full details.

Learning Objectives

  • What is a company liable to UK corporation tax
  • Company tax returns and accounting periods
  • Rates of tax and payment obligations
  • Computing company taxable profits
    • When is income taxed and expenses allowed
    • Importance of accounting principles v tax rules.
    • What expenses are deductible
  • Business capital allowance
  • Corporation tax loss relief rules
    • Old losses pre- April 2017
    • New Losses after April 2017
    • Company chargeable capital gains
      • Chargeable persons, occasions and assets
      • Computing chargeable gains
      • Relief for capital losses
      • Roll-Over-Relief for companies
    • Interest relief rules
    • Rules for Close Companies
    • Brief introduction to UK Group Relief
 
 

Pre-Requisites

This course will be suitable for anyone dealing with or advising on the preparation and filing of UK corporation tax returns.

Course Content

CONTENT

Day 1 – Session 1: 9.30am – 12.30pm

  • What is a company liable to UK corporation tax
  • Company tax returns and accounting periods
  • Rates of tax and payment obligations
  • Computing company taxable profits
    • When is income taxed and expenses allowed
    • Importance of accounting principles v tax rules.
    • What expenses are deductible
  • Business capital allowance

Day 2 – Session 2: 9.30am – 12.30pm

  • Corporation tax loss relief rules
    • Old losses pre- April 2017
    • New Losses after April 2017
  • Company chargeable capital gains
    • Chargeable persons, occasions and assets
    • Computing chargeable gains
    • Relief for capital losses
    • Roll-Over-Relief for companies
  • Interest relief rules
  • Rules for Close Companies
  • Brief introduction to UK Group Relief

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