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Corporation Tax for Students

Corporation Tax for Students


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About the Book

Table of Contents:
Part 1 The computation of profit: the charge to corporation tax; accounting periods; financial years; computation of profits - application of income tax principles and application of capital gains tax principles; charges on income; accounting for income tax; rates of corporation tax; date for payment of corporation tax; general administrative provisions; interest on overdue corporation tax; repayment supplements. Part 2 Capital allowances: industrial buildings allowances; industrial buildings or structures; small and very small workshops; enterprise zones; plant and machinery; other reliefs for capital expenditure; agricultural land and buildings; scientific research; know-how; patent rights. Part 3 The imputation system: the nature of distributions; qualifying and non-qualifying distributions; franked investment income and payments; surplus advance corporation tax; uses of surplus advance corporation tax - anti-avoidance; accounting for advance corporation tax; surplus franked investment income; charge in rate of advance corporation tax. Part 4 The computation and use of losses: carry forward of trading losses; loss set-off against other profits of same accounting period; loss set-off against profits of previous accounting periods; terminal loss relief; set-off of trading losses and other items against surplus franked investment income; effect of S.242 claim in subsequent years; other losses and deficits; consequences of loss claims. Part 5 Groups of companies: the nature of a group of companies; group relief; group income and interest. Part 6 Close companies: the nature of close companies; the extended meaning of distributions; loans to participators; relevant income; excess of relevant income over distributions; maximum relevant income; apportionment of excess; another definition of close company. Part 7 Foreign element: residence; exit charge; payment of tax; migration and Treasury consents; inward investment; outward investment; double tax relief; controlled foreign companies. Appendices: corporation tax work; rates of IBA; examination questions 8-13; solutions to questions 1-13; table of statutes.


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Product Details
  • ISBN-13: 9780333488096
  • Publisher: Palgrave Macmillan
  • Publisher Imprint: Palgrave Macmillan
  • Edition: Revised edition
  • Weight: 320 gr
  • ISBN-10: 0333488091
  • Publisher Date: 17 Mar 1989
  • Binding: Paperback
  • Height: 216 mm
  • Width: 138 mm


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