Corporation Tax Part 1 - The Complete Introduction
Quorum Training - A Wilmington Company
Course description
Corporation Tax Part 1 - The Complete Introduction - 1-day course in London
This course is a standalone introduction to the main features of the UK Corporation Tax Regime, and 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 covers all the main aspects of a corporation tax computation alongside statute, case law and relevant HMRC practice. The objective is to equip delegates with a thorough understanding of corporation tax essential principles and procedures when preparing CT returns.
Suitability - Who should attend?
Part 1 is intended for newcomers to corporation tax, as well as those requiring a refresher on the basic principles. Its main objective is to give delegates a thorough grounding in the basics of corporation tax calculation and to highlight the main areas to which attention will need to be paid when preparing a CT return and all the accompanying information submissions to HMRC.
Outcome / Qualification etc.
Training Course Content
What is a company for CT purposes?
- Trading and investment companies
- Mutuals and unincorporated associations
- UK corporate residence rules, management and control and incorporation tests
- Company accounting periods, periods of account and the charge to Corporation Tax
- Current associated company rules for group companies
Computing Corporation tax profits
- Trading profits, rules on income and expenses
- The Importance of UK GAAP/IFRS
- Rates of corporation tax
- Capital allowances – the basics on plant and machinery, setting and premises
- Rental income profits, expenses and receipts
- Investment income and deducted tax
- Loan relationship rules
- Loss reliefs
- Intangibles reliefs
- Company capital gains and loss relief rules
- Roll-over relief and available deferral measures
- Timing issues and contractual regime
- Computing Corporation tax liabilities
- Close companies – special tax regime and avoidance legislation
- Shareholder rules and the taxation of dividends
- Company Loan Interest – rules and obligations
- Preparing a corporation tax computation and return
- Case study on CT computations, returns and capital allowances
Expenses
Contact Quorum Training for pricing details for running this course in-house. The price will include pre-course discussions with the trainer, supporting course materials and delivery of a practical, interactive course that meets your training needs.
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About provider
Quorum Training - Business and Finance Courses for Professionals
Quorum Training provides a range of specialist courses designed specifically for business and finance professionals, covering such topics as: Accounting and finance Taxation VAT Governance Risk and compliance Financial markets and corporate treasury Charities Management and leadership Courses are available...
