Self-Assessment for Companies

(5 reviews)

by Sarah Laing

Revised and up to date for 2024/25. If your business is a company, you must submit an annual self-assessment return to HMRC and pay corporation tax. This course provides a detailed overview of self-assessment for companies.

price £100+vat
cpd hours 4 CPD hours
access 120 days' access

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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.

Look inside

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Contents

  • An overview of self-assessment
    • Self-assessment for companies
    • Limited companies and the Companies Act 2006
    • Director duties
    • Company accounts
    • Preparing the accounts
    • Personal service companies
    • Understanding corporation tax
    • Corporation tax liabilities
  • The CTSA system
    • Registering a company with HMRC
    • Corporation tax self-assessment
    • The key features of CTSA
    • Paying corporation tax
    • Determining the accounting period
    • Record-keeping requirements
  • Company tax returns
    • Preparing a company tax return
    • Completing a company tax return
    • Deadlines for filing company tax returns
    • How to file a company tax return
    • The penalty system
    • Queries and enquiries
  • HMRC and appeals
    • Contacting HMRC
    • Appealing a decision
    • Reviewing tax decisions
    • Dealing with enquiries
    • Taxpayers and tribunals
    • An alternative dispute resolution
    • HMRC’s litigation and settlement strategy

How it works

Author

Sarah Laing

Sarah is a Chartered Tax Accountant (CTA) and a member of the Chartered Institute of Taxation (CIOT). Sarah currently works as a freelance tax author providing technical writing services to the tax and accountancy professions.

Reviews

3.9
(5 reviews)
5
4
3
2
1
 
 
 
 
    GC
    Gediz C
    25 Jan 2025
    25 Jan 2025
    A good overview of self-assessment for companies
    MA
    Martin A
    05 Dec 2024
    05 Dec 2024
    Good course content
    JG
    John G
    30 Dec 2023
    30 Dec 2023
    useful information
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