Commentary

D1.116 Administration, assessment and collection of corporation tax

Corporate tax
Corporate tax | Commentary

D1.116 Administration, assessment and collection of corporation tax

Corporate tax | Commentary

D1.116 Administration, assessment and collection of corporation tax

Corporation tax is under the care and management of HMRC and is, broadly speaking, under the same rules for assessments, appeals and collection of the tax as for income tax with appropriate adaptations1.

For more detailed discussion of HMRC administration of corporation tax under self-assessment, see D1.1308–D1.1324. Prior to 1 April 2015 there were differing rates of corporation tax depending upon a company's profit levels and whether it carried out a ring-fence oil and gas trade. From 1 April 2015, the non-ring fence regime was simplified. From that date there is only one

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