Corporation tax - what an accountant needs to know - the basics


This course is an introduction to the basics of corporation tax, and covers the key areas from beginning to end.


 This course covers the basics of corporation tax. It begins by showing which types of body are liable to corporation tax and the question of when companies are resident in the UK. After looking at an outline computation, the rules governing the beginning and end of a corporation tax accounting period are considered. Next, the rates of corporation tax are reviewed, showing how the small profits rate operates. The effect of associated companies on entitlement to the small profits rate, where the rules have recently changed, is considered next. Finally, the course shows how filing of tax returns and payment of tax is governed by the rules of self assessment.

Learning outcomes:

By the end of this course, participants will obtain a greater understanding of:

  • Which types of entity pay Corporation Tax
  • The structure of an outline tax computation
  • When accounting periods begin and end
  • The importance of total and augmented profits in relation to CT rates
  • The existing and new rules on associated companies
  • The operation of corporation tax self assessment

Authored by: Michael Steed & Marion Hodgkiss

Michael Steed is Head of Tax for BPP Professional Development. He is a Chartered Tax Adviser and is a past-President of the ATT. He is the current co-chair of the ATT’s Tax Technical Steering Group.

Marion qualified with PwC as a chartered accountant. She moved into tax on qualification and then on to student training for a number of years. She passed her CIOT exams with distinction, and was awarded the Spofforth Medal for paper 1.

Following this she helped develop courses for CIOT exams and was a member of the exam sub-committe for the CIOT. She was also a member of ICAEW Council for 14 years with a particular interest in the Tax Faculty.


CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

Price: £35.00 (excludes VAT)