Corporation tax Training in UK

Overview

Corporation Tax is an obligatory requirement on all Corporate Entities, the complexity in this area of taxation warrants an advanced skill set, as well as specialised knowledge and experience so as to avoid an expensive mistake.

Corporation Tax course at Centre of Accountancy Careers and Training comprehensively covers the rules and regulations surrounding the topic and how to practically apply it at your job. This course demonstrates the most efficient and effective ways to ensure the organisation is not over paying the tax and ensures that all relevant allowances and reliefs available are fully applied.

The course uses HMRC approved software (Taxfiler by IRIS, SAGE Corporation Tax, VT Accounts Corporation tax) to ensure the most efficient way to calculate and manage the taxation of your clients. The course 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 the risk is reduced of HMRC levying unwanted penalties and charging interest.

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CONTENT

Rules and Principles governing Corporation Tax
Understanding Basis Periods
Long period of accounts
Registration of Company for corporation tax purposes.
Rates applicable to Corporation Tax
Working out reliefs available to corporation entities.
Adjustment pertaining to Taxable Profits
Ascertaining of PCTCT for the application of Taxable Rates.
Concept of Allowable and disallowable expenses
Treatment of qualifying charitable donations
Capital Allowances: Understanding, Formats and computations
- Annual Investment Allowance
- First Year Allowance
- Writing Down Allowance
- Research & Development Allowance etc.
Effect of Losses on the Corporation Tax Workings.
Review, Finalisation and Submission /Filing CT600 form
Compliance Regulations surrounding Deadline / Payment Of Corporation Tax