Bloomsbury Professional Corporation Tax 2021/22

Author: Satwaki Chanda; Jacquelyn Kimber; Andrew Parkes
Publisher: Bloomsbury Professional (formerly Tottel Publishing)
ISBN: 9781526518194

Previous Edition ISBN: 9781526514530
Published In: October 2021
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

New Edition is available now !

Download Order Form

Add to Wishlist
| Add to Compare

Description
Contents

Details

This annual guide to corporation tax meets the everyday needs of the busy tax adviser. A collaboration by leading tax writers Satwaki Chanda, Jacquelyn Kimber and Andrew Parkes, Corporation Tax 2021/22 examines the rules, regulations and tax issues affecting companies in the UK.

The 2021/22 edition examines current legislation, changes to HMRC guidance and explores the following key developments:

The rate of corporation tax is set to rise to 25% in 2023
From 1 April 2023, the small profits rates with marginal relief to be reinstated
Capital allowance tax breaks to encourage business investment
Annual investment allowance to remain at £1 million until 31 December 2021
A 130% superdeduction for investment in general plant and machinery
A 50% special rate allowance for special rate assets (long life assets, integral features etc)
A 100% first year allowance for investment in plant and machinery in a Freeport tax site
Temporary extension of carry back relief for trade losses incurred in accounting periods ending between 1 April 2020 and 31 March 2021 from current 1 year carry back period to three years

This accessible reference guide has a user-friendly structure with 'signposts' at the beginning of each chapter to summarise key topics and 'focus points' throughout to highlight important issues, as well as numerous worked examples demonstrating how to apply the main principles in practice.

Chapter 1. Introduction to corporation tax

Chapter 2. Trading income

Chapter 3. Capital allowances (plant and machinery)

Chapter 4. Single company trading losses

Chapter 5. Groups

Chapter 6. Investment business

Chapter 7. Property investment

Chapter 8. Buildings and structures

Chapter 9. The Construction Industry Scheme

Chapter 10. Close companies and connected issues

Chapter 11. Loan relationships

Chapter 12. Intangible fixed assets