The following Corporation Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
The relief given to large companies up to 31 March 2016 (unless an earlier election was made) was a 130% deduction in calculating total taxable profits for qualifying expenditure incurred. In practice, this was given by allowing a further 30% deduction of the qualifying R&D costs in addition to the standard 100% deduction for qualifying expenditure.
From 1 April 2016, or earlier
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This note offers guidance in respect of the administration of company tax returns. If a company or organisation is subject to corporation tax they will have to complete and file a company tax return for each accounting period. A company or organisation must, in the main, file a return even if they
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