Financial Skills: Tax: Corporation Tax: Introduction - Part 3

Course Overview

This course will cover the administration aspects of corporation tax. It will clarify the considerable impact of self assessment for companies and thequarterly instalment system of payments for corporation tax.

This course is designed to follow on from Comprehensive Introduction to Corporation Tax - Parts 1 & 2 and topics covered in these will be assumed as prior knowledge. However, the course is also suitable for delegates with previous corporate tax experience, who are now starting to deal with the submission and agreement of computations under CT self assessment.

Course Outline

• Corporation tax self assessment
• Tax compliance changes
• The impact of self assessment for companies -the practicalities, the transitional periods and the problem areas
• Changes to filing deadlines
• Group payment arrangements
• Payments to be made
• The abolition of advance corporation tax -the consequences, and shadow ACT
• The quarterly instalment system for payment of corporation tax -the impact on growing companies, practicalities, and thresholds
• Recent corporation tax changes and their impact
• Case studies regarding payments to be made, corporation tax computations under self assessment, interest and penalties
• The content of corporation tax computations
• What to analyse and how to present
• Anti-avoidance legislation and traps
• HMRC enquiry regime
• Dealing withHMRC enquiries
• Corresponding withHMRC
• Impact of Finance Act changes
• Obtaining completion notices
• The impact of recent press releases and concessions
• General overview

The learning experience is enhanced by the use of practical case studies drawn from HMRC corporate enquiries.

Financial Skills: Tax: Corporation Tax: Introduction - Part 3 / Comprehen