Company Tax Computations - What to Look Out For

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

There are many tax areas within the computations that can cause problems, which could be contentious and need consideration. Additionally, there are different claims to be made.  

This course will review a company’s tax computations, consider and highlight problematic areas, and give practical advice and solutions.  

Specifically, the following will be covered:  

Calculating the company’s adjusted taxable trading profit 

• What expenditure is allowable and what is not?  
• Capital v Revenue 
• Company losses 
• Capital allowances 
• Capital gains 
• Group relief 
• Corporate anti-avoidance legislation, which disallows both certain expenditure, and also losses 
• Company rental income 
• Loan relationships 
• The impact of recent tax cases 
• Practical case studies and examples.