Corporation Tax Guidance

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Corporation tax compliance

Our tax professionals have worked hard to deliver documentation on corporation tax compliance in order that you can provide the most recent and relevant advice.
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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

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_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...

Corporation_tax_img5
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

Enhanced R&D deduction for SME’sA company incurring qualifying R&D expenditure can claim a deduction equal to 230% of the relevant costs...

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13 Mar 2020

Energy-saving plant or machineryA first year plant and machinery allowance is available at a rate of 100% for expenditure on qualifying...

Corporation_tax_img2
13 Mar 2020

IntroductionFollowing a period of consultation  on ‘Improving Large Business Tax Compliance’ during 2015, Finance Act 2016, s 161 and...

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_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_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_img2
Corporation Tax

Enhanced R&D deduction for SME’sA company incurring qualifying R&D expenditure can claim a deduction equal to 230% of the relevant costs incurred in...

Corporation_tax_img8
Corporation Tax

Energy-saving plant or machineryA first year plant and machinery allowance is available at a rate of 100% for expenditure on qualifying ‘energy-saving plant or...

Corporation_tax_img2
Corporation Tax

IntroductionFollowing a period of consultation  on ‘Improving Large Business Tax Compliance’ during 2015, Finance Act 2016, s 161 and Sch 19, Part 3...