Self-Assessment for Companies

This course will enable you to

• Gain a detailed overview of self-assessment for companies
• Familiarise yourself with the legislation and rules that govern companies and their tax affairs
• Understand corporation tax - past and present rates and how to determine whether a company needs to pay it
• Evaluate key features of the CTSA system - registering with HMRC, payment deadlines, record-keeping requirements and accounting rules
• Understand the practicalities of submitting a corporation tax return, including filing deadlines, penalties, and how and when HMRC might open an enquiry
• Explore the procedures for dealing with HMRC and how to appeal decisions relating to self-assessment returns

About the course

If your business is a company, you must submit an annual self-assessment return to HMRC and pay corporation tax. For accountants, the subject of corporation tax self-assessments (CTSAs) is always going to be an important one. Corporation tax affects all limited companies, so it's very likely that you'll need to know how to prepare CTSA returns for your clients.

The penalties for failing to comply with HMRC's rules for corporation tax returns can be extremely costly for a business, so you need to know your stuff. This course gives you a good understanding of who needs to pay corporation tax (and when), how the CTSA system works and how to file a corporation tax self-assessment return in line with HMRC requirements. Gain a detailed knowledge of CTSA, explore UK legislation, the logistics of registering for corporation tax, how to deal with HMRC, and how to appeal decisions relating to self-assessment returns.

This course has been revised and is up to date for 2022/23.