Tax
Corporation Tax - Computation of Profits
Trade Profits, Property Income, Non-Trade Loan Relationships, and Adjustments
4 CPD credits on completion
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Certificate on completion
Downloadable resources
Self-paced learning
About This Course
Course Information
This course explains the computation of corporation tax. It covers all major elements of taxable profits, including trade profits, adjustments, property income and non-trade relationships.
Certificate on Completion
This course is made up of videos, questions and additional reading materials and accounts for 4 units of CPD . One unit is the equivalent of one hour of learning.
Course Sections
This CPD course is made up of the following sections:
- Taxable Total Profits – Video and Quiz
- Calculation of Taxable Profits – Video
- Taxable Profits and Adjustments of Profits – Quiz
- Property Income for Companies – Video and Quiz
- Non-Trade Load Relationships – Video and Quiz
- Additional Reading Materials
What You Will Learn
- Describe the taxable total profits proforma and how trade profits, property income, interest income, and capital gains feed into it
- Calculate tax-adjusted trading profits by adding back disallowable expenditure and deducting non-taxable income
- Explain how property income is computed for companies, including the differences from individual property income rules
- Define non-trade loan relationships and calculate the surplus or deficit for inclusion in taxable total profits
- Apply the rules for qualifying charitable donations and explain when excess donations are wasted
- Identify how companies receive interest gross and why all interest income is taxable for corporation tax purposes
Who This Course Is For
- Tax professionals preparing detailed corporation tax computations
- Accountants who need to understand how different income streams are combined in the taxable total profits calculation
- Finance managers reviewing corporation tax returns for accuracy
Prerequisites
- Understanding of basic corporation tax concepts, including chargeable accounting periods
- Familiarity with financial statements and the distinction between capital and revenue expenditure
Frequently Asked Questions
Course Details
CPD Credits4
CertificateYes
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CPD certificate on completion
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