Corporation Tax Guidance

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Corporation Tax

Address the tax issues that affect larger companies and multinational groups – from corporation tax compliance matters, to more complex tax advisory issues such as sales, acquisitions and flotations; company reorganisations and demergers; and international aspects including transfer pricing.
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Latest Guidance
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13 Mar 2020

Assets bought on hire purchase (HP)If an asset (eg a machine) is acquired via an HP agreement, the company will simply pay for the asset over a period...

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13 Mar 2020

This guidance note explains the general rules and provides an overview of the corporation tax implications of the disposal of company assets.Scope of...

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13 Mar 2020

NOTE: It was announced at Budget 2016 that the rate of corporation tax would be reduced to 17% from 1 April 2020 onwards; however, it was confirmed in...

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13 Mar 2020

Companies pay corporation tax on their Taxable Total Profits (TTP) for a Chargeable Accounting Period (CAP).For more on whether the entity is within...

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13 Mar 2020

Research and development definitionThe legislation defines research and development (R&D) as activities that fall to be treated as R&D in...

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13 Mar 2020

RDEC ― large company R&D reliefSince 1 April 2016, or from 1 April 2013 by election, large company R&D relief is given through RDEC which is a...

Corporation_tax_img7
13 Mar 2020

On the disposal of the shares in a company, a seller may receive loan stock in the acquiring company as consideration or part consideration for the...

Corporation_tax_img9
13 Mar 2020

Overview of the carried-forward loss restrictionAn important restriction in the use of losses carried forward was introduced by Finance (No 2) Act...

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13 Mar 2020

Types of R&D tax relief and conditionsExpenditure on R&D can be relieved in the following ways:•for a trading company, revenue expenses...

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13 Mar 2020

Stamp Duty Land Tax (SDLT) is generally payable on the purchase or transfer of interests in land and buildings in England, Wales and Northern Ireland...

Latest Guidance
Corporation_tax_img2
Corporation Tax

Assets bought on hire purchase (HP)If an asset (eg a machine) is acquired via an HP agreement, the company will simply pay for the asset over a period of time, normally...

Corporation_tax_img2
Corporation Tax

This guidance note explains the general rules and provides an overview of the corporation tax implications of the disposal of company assets.Scope of chargeWhen a company...

Corporation_tax_img2
Corporation Tax

NOTE: It was announced at Budget 2016 that the rate of corporation tax would be reduced to 17% from 1 April 2020 onwards; however, it was confirmed in the Spring Budget...

Corporation_tax_img7
Corporation Tax

Companies pay corporation tax on their Taxable Total Profits (TTP) for a Chargeable Accounting Period (CAP).For more on whether the entity is within the charge to...

Corporation_tax_img3
Corporation Tax

Research and development definitionThe legislation defines research and development (R&D) as activities that fall to be treated as R&D in accordance with...

Corporation_tax_img9
Corporation Tax

RDEC ― large company R&D reliefSince 1 April 2016, or from 1 April 2013 by election, large company R&D relief is given through RDEC which is a taxable credit...

Corporation_tax_img7
Corporation Tax

On the disposal of the shares in a company, a seller may receive loan stock in the acquiring company as consideration or part consideration for the sale. For tax...

Corporation_tax_img9
Corporation Tax

Overview of the carried-forward loss restrictionAn important restriction in the use of losses carried forward was introduced by Finance (No 2) Act 2017. Subject to a de...

Corporation_tax_img5
Corporation Tax

Types of R&D tax relief and conditionsExpenditure on R&D can be relieved in the following ways:•for a trading company, revenue expenses are allowable as a...

Corporation_tax_img8
Corporation Tax

Stamp Duty Land Tax (SDLT) is generally payable on the purchase or transfer of interests in land and buildings in England, Wales and Northern Ireland where the amount...