The following Corporation Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
The payment of a pension contribution is part of the normal costs of employing staff and are deductible in the accounting period that they are paid, rather than the period in which the contributions are accrued. This is subject to the ‘spreading’ provisions which govern excessive pension contributions, as explained in the Allowable deductions for employee-related expenses guidance note.
This guidance note outlines some additional factors to take into account regarding pension contributions on cessation or sale of a business.
When an employer ceases to take part in a single or multi-employer defined benefit pension scheme, that employer will become liable to make an additional payment into
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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
The corporate interest restriction (CIR) essentially limits the amount of interest expense a company can deduct from its taxable profits if the interest expense is over £2 million. The actual mechanics of the CIR calculation are highly complex (the legislation is over 150 pages long) and are
IntroductionUK resident individuals who are non-UK domiciled can benefit from the remittance basis of taxation. The remittance basis allows for relief from UK taxation for non-UK sources of income which are not brought in (or remitted) to the UK. A remittance is any money or other property which is,
This guidance note provides an overview of what conditions need to be met before a business is entitled to treat VAT incurred as input tax. This note should be read in conjunction with the other notes in the ‘Claiming input tax’ subtopic. For a flowchart outlining the procedure for claiming input
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