.png)
.png)
DAVID JEFFERY warns of the perils of ignoring the relevant factors when calculating small companies relief
KEY POINTS
- The extent of the small companies rate and its value.
- Dormant companies can be ignored under CTA 2010 s 26.
- The restrictive conditions of s 26.
- A comparison of SP 5/94 and s 26.
- Some suggestions for the future.
The corporation tax small profits rate (as the small companies rate is now called in CTA 2010) matters. It matters because it is potentially a valuable relief. It matters also because claims to relief are routinely challenged by HMRC and the resulting settlement can be expensive – particularly if there is an opportunity for the inspectors to go back over past years.
Of course the...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
