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Corporation Tax – reminder HMRC contact details
- May 19, 2022
- Posted by: mardenco
- Category: Corporation Tax
No CommentsHMRC can be called by phone on 0300 200 3410 for help with general Corporation Tax enquiries. You will need your 10-digit Unique Tax Reference (UTR) when calling HMRC and this reference number cannot
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Structures and Buildings Allowances
- May 12, 2022
- Posted by: mardenco
- Category: Corporation Tax
The Structures and Buildings Allowances (SBA) allows for tax relief on qualifying capital expenditure on new non-residential structures and buildings. The relief applies to the qualifying costs of
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Tell HMRC if your company is dormant
- April 28, 2022
- Posted by: mardenco
- Category: Corporation Tax
If a company has stopped trading and has no other income, then the company is usually classed as dormant for Corporation Tax purposes.
A company is usually dormant for Corporation Tax if it:has
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What can be transferred between group members?
- November 11, 2021
- Posted by: mardenco
- Category: Corporation Tax
Corporation Tax relief may be available when a company or organisation makes a trading loss. Companies that are eligible for group relief can transfer losses and certain other deficits to companies
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Switching between film and TV reliefs
- November 4, 2021
- Posted by: mardenco
- Category: Corporation Tax
Film tax relief (FTR) can increase the amount of expenditure that is allowable as a deduction for tax purposes or, if a company makes a loss, can be surrendered for a payable tax credit. To qualify
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Payments received after company is dissolved
- October 21, 2021
- Posted by: mardenco
- Category: Corporation Tax
Any assets or rights (but not liabilities) remaining in a company at the date of dissolution will pass to the Crown as ownerless property. This happens under what is known as ‘bona vacantia’ which
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Corporation Tax loss buying
- August 26, 2021
- Posted by: mardenco
- Category: Corporation Tax
Under qualifying circumstances, Corporation Tax (CT) relief is available where a company makes a trading loss. The trading loss can be used to claim CT relief by offsetting the loss against other
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Goodwill and Corporation Tax
- August 12, 2021
- Posted by: mardenco
- Category: Corporation Tax
Goodwill is rarely mentioned in legislation. Most people would settle on a simple definition which would be based on the ‘extra’ value of a business over and above its tangible assets.
In the vast
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When is a company dormant for tax purposes?
- August 5, 2021
- Posted by: mardenco
- Category: Corporation Tax
If a company has stopped trading and has no other income then the company is usually classed as dormant for Corporation Tax purposes.
A company is usually dormant for Corporation Tax if it:
has
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Associated company rules
- July 15, 2021
- Posted by: mardenco
- Category: Corporation Tax
As announced in the Budget earlier this year there will be two rates of Corporation Tax from 1 April 2023. When the new rules take effect, taxable profits up £50,000 will continue to be taxed at 19%