UK taxation of groups

Understanding how UK direct tax law applies to groups of companies

This course will be of benefit to accountants and advisers working with groups of companies and involved with managing and planning their affairs. The course shows how UK direct tax law applies to groups of companies, whether small family owned groups or large public companies.

The course begins by showing how the associated company rules affect the rate of corporation tax paid by group companies, and how they are affected by self assessment. After dealing with capital allowance issues for groups, the course looks in detail at the key topic of group and consortium structures and the availability of group relief for losses.

Recent developments in the taxation of non-UK profits are covered. The capital gains advantages of group structures are dealt with, together with the substantial shareholding exemption and also the pitfalls which can be encountered when purchasing companies with capital losses. Finally, the course covers the tax implications of various group transactions, such as the purchase and sale of subsidiaries, reconstructions within groups, and demergers.

The speaker will be drawn from a pool of qualified professionals who specialise in this subject. Having worked for leading organisations they will relate the course content to real life case studies.

• Corporation tax rates and the effect of associated companies.
• Groups and self assessment, including group tax payments.
• Capital allowances in groups including anti avoidance legislation.
• Group structures and group relief for losses.
• The interaction between UK group relief and EU law.
• Consortium structures and the availability of loss relief.
• An overview of foreign dividends, the debt cap and foreign branches.
• Group chargeable gains and losses.
• Purchases and sales of subsidiaries.
• Disposals of group companies and reconstructions within groups.
• Overview of demergers.

The course will start at 9.30am, with registration and coffee from 9.00am, and end at 4.30pm. Lunch and refreshments are provided.

5.5 CPD hours (where applicable)

It is assumed that you have an understanding of the basics of corporation tax, which can be obtained by attending Corporation tax refresher and update.

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If you have any queries please email or phone us on +44 (0)845 026 4722.

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