Company Tax Computations - Core Computational Rules

Course outline:

Correctly completing and submitting a company’s tax computations and return can be an onerous task.   

This first session on Company Tax Computations focuses on some of the core rules affecting the calculation of a company’s corporation tax liability. It explores key concepts that influence the overall tax position, highlights traps to avoid, and provides insight into correctly interpreting and applying the rules. 

 Content: 

• Associated companies – identification of associated companies and the impact on tax rates and tax payments 
• Corporate tax losses – types of losses and their use, losses within groups and also how the loss restriction applies 
• Close companies and s.455 tax – identifying close companies, calculating the s455 tax charge on loans to participators and looking at the anti-avoidance rules 

A second session Company Tax Computations - Specific Computation Areas, Key Reliefs and Claims moves on to some of the more complex areas of preparing company tax computations. 

CPD Hours 1.5