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>Classroom training>The Essentials of Corporation Tax
Course overview
Corporation Tax is a complex area of taxation and without a proper appreciation of the rules, it is easy for costly mistakes to occur. This comprehensive course will help people involved in the preparation of the Corporation Tax return understand the rules and regulations and how they should be applied. It demonstrates the most effective ways to ensure you are not paying too much Corporation Tax and guides you through the various tax reliefs available.
The course will examine all the key aspects of the Corporation Tax System and clearly illustrate how to perform the calculation of the Corporation Tax payable. It will describe the procedural requirements that need to be in place to ensure that filing deadlines are met and payments are made on time so that you reduce the risk of HMRC levying unwanted penalties and charging interest.
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What will you learn?
- What is a company for Corporation Tax purposes?
- What are company accounting periods?
- How do you compute Corporation Tax profits?
- Which expenses are allowable for purposes of Corporation Tax?
- What is the difference between capital and revenue expenditure?
- What are loan relationships and how do you deal with loan interest?
- How do you deal with rental income?
- How is the tax liability calculated?
- What are capital allowances and how are they treated?
- How do you treat capital gains?
- How do you deal with losses?
- What is the impact of Research and Development tax credits on the return?
- How do you complete the Company Tax Return, meeting the filing requirements and make payments?
- When might you be liable for Penalties and Interest Charges?
Who should attend?
This course will be hugely beneficial to...
- anyone working in accounts or finance teams
- anyone wanting to refresh their knowledge after the significant changes that have taken place in recent years
- anyone new to corporation tax
- anyone working in accountancy firms helping clients complete the CT600
Extra benefits
- A course pack containing the information presented on the day
- Copies of the scenarios and examples used during the course
- A certificate of attendance
- Complimentary refreshments and lunch provided
Course content
- The basis of Corporation Tax
- The adjustments to Trading Profits
- Computation of Capital Allowances
- Dealing with:
- Interest and Loan Relationships
- Property Income
- Chargeable Gains
- Calculating the Corporation Tax Liability
- Deciding what to do with Losses
- Completing and filing the Company Tax Return – CT600
- Making Corporation Tax Payments
- Other Considerations:
- Double taxation relief
- R&D Expenditure relief
- Directors Loans
Course presenters
Kevin Guy
View testimonialsKevin, a Chartered Accountant, has been presenting for UK Training for over 20 years and also has his own successful accountancy practice. He delivers Tax and Finance courses at public venues across the UK, in-house and live online.
His vast knowledge and experience in a variety of subject areas means he can readily help attendees understand challenging issues in a clear and logical way.
- We currently do not have any upcoming dates for this course. Please contact us if you would like to be informed when new dates are added or would like to discuss our in-house options
Course dates
- We currently do not have any upcoming dates for this course. Please contact us if you would like to be informed when new dates are added or would like to discuss our in-house options
If you would like to make an enquiry simply fill in the quick contact form below and a member of our team will be in touch shortly.
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