Company Tax Computations - Specific Computation Areas, Key Reliefs and Claims

Course outline:

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

This second session on Company Tax Computations moves on to some of the more complex areas of preparing company tax computations. It examines the reliefs and specialist areas that often present technical complexity in computations. It offers practical insight into making claims, navigating statutory requirements, and understanding recent developments. 

The first session Company Tax Computations - Core Computational Rules explores key concepts. 

Content:

• Capital allowances – focusing on some of the more complex and problematic areas of the capital allowances regime 
• Chargeable gains – computation of a company’s chargeable gain, the impact of being in a capital gains group and key reliefs available  
• Loan relationships – overview, common issues, and discussion of key tax cases  
• Research & Development (R&D) tax relief – how the reliefs work and the associated administration 

CPD Hours 1.5