Article Database

Search results: 5 article(s) found in topic: Corporation tax - keyword: Deductions

Sorted by checked relevancepublication date


How soon can a deduction be made?

One of our subscriber’s clients has incurred costs in training their employees for a new business venture. Our subscriber is positive that these are tax deductible, but HMRC is disputing it following the company tax return submission. What is the correct answer? More...


Maximising corporation tax relief for bad debts

Your client’s company accounts show a number of small bad debts. Individually these don’t merit chasing and the client is looking to write them off. Do they need to do anything particular before HMRC will allow relief and is there an optimum time to claim? More...


Can a loss-making company make pension contributions?

Your company client usually pays large employer pension contributions for its directors but doing this now will cause a loss to arise. Is it still worthwhile to do so, or should alternative arrangements be made? More...


Understanding the corporate interest restriction rules

The corporate interest restriction limits the amount of interest and other finance costs your company clients can deduct for tax purposes. It doesn’t apply if these costs are below £2 million, but why could clients with smaller costs still benefit from your advice here? More...


Can training costs be deducted from profits?

One of your company clients wants to offer training courses for its employees. The client will pay for the courses directly as and when they are booked. Will these costs be deductible in the accounts, and are there any traps or opportunities to watch out for? More...
Last updated: 10.07.2020

More from Indicator - FL Memo Ltd