Introduction to Corporation Tax
Short course
In London
Description
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Type
Short course
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Level
Beginner
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Location
London
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Duration
1 Day
At the end of the course participants will be able to: Demonstrate an awareness of the differences between accounting profit and taxable profit. Understand how a basic corporation tax liability is calculated. Understand the different levels of corporation tax. Suitable for: Accountants working in both industry and practice and solicitors who need a basic knowledge of how income tax is calculated and administrated
Facilities
Location
Start date
Start date
About this course
None
Reviews
Subjects
- Corporation Tax
- Tax
Course programme
Exercises
- Worked example of adjusted profits
- Worked example of capital allowances
- Worked example of corporation tax liability
- Worked example of group loss relief
Other Extras
- Certificate of attendance
Level: Introductory
Synopsis:
The calculation and payment of corporation tax applies to all UK resident companies, this introductory course covers the basic principles of corporation tax, and raises knowledge to show how to deal with losses and the relief's available for both a single company and groups of companies
At the end of the course participants will be able to: Demonstrate an awareness of the differences between accounting profit and taxable profit . Understand how a basic corporation tax liability is calculated . Understand the different levels of corporation tax .
Prerequisites:
None
Suitable For:
Accountants working in both industry and practice and solicitors who need a basic knowledge of how income tax is calculated and administrated
Introduction
- What is corporation tax and who does it apply to
- UK residency for companies
Calculation of trading income
- Adjusted profits
- Calculation of capital allowances
Calculation of tax liability
- Rate of corporation tax payable
- Implications of having associated companies on corporation tax liability
Loss reliefs for corporation tax
- Loss reliefs for single companies
- Loss reliefs for groups
Administration of corporation tax
- Corporation tax filing dates and payment dates
Introduction to Corporation Tax