CT and small companies
(Duration 120-180 mins)
The corporation tax regime for small companies has faced several changes in recent years – the latest being the increase in the rate payable (phased in between 2007 and 2009). The practical effects of these changes are far-reaching, particularly when considered alongside recent fundamental changes to the capital allowances regime.
The session will make participants who act for small companies aware of the latest developments in Corporation Tax and also include an appraisal of the most recent changes in legislation and case law and the protective steps which clients may need to implement to take maximum advantage of these.
Heading – The course in detail
Taxable profits
- Specific problem areas
- Capital allowances
The corporation tax charge
- Rates of tax
- Latest issues on incorporation and disincorporation
- Associated companies and HMRC attacks
Finance Act 2009
- Changes and developments affecting small companies
Close companies
- Loans to participators
- Status enquiries: recent case law developments
Administration of corporation tax
- Payments of corporation tax
- Self assessment and enquiries
Penalty regime
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