Financial Skills: Tax: Corporation Tax: Introduction - Part 1

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Course Overview

This course, together with Comprehensive Introduction to Corporation Tax - Parts 2 & 3, will provide delegates with a comprehensive and detailed overview of the workings of corporation tax. A very practical approach will be adopted with appropriate case studies to be undertaken. Computational aspects will be fully reviewed, together with reference to the underlying law. It is intended for newcomers to corporation tax, as well as those requiring a refresher on the basic principles. Those new to tax should consider attending Introduction to the UK Tax System before attending this course.

Course Outline

• Introduction to corporation tax
• What is corporation tax?
• The 1 - 10 stages of calculating a company's corporation tax liability
• Corporation tax computations
• Company residence, accounting periods and occasion of liability
• Completion of the corporation tax return
• The quarterly accounting system for income tax
• Converting accounts profits to adjusted trading profit; review of contentious items
• Detailed practical case studies relating to corporation tax computations and problem areas
• Corporation tax rates and liabilities, including small companies rate and calculation of marginal relief
• Company loan interest
• Case studies
• Capital allowances - an introduction
• General overview
• How corporation tax works in practice

Financial Skills: Tax: Corporation Tax: Introduction - Part 1 / Compre