Coporation tax survey – aimed at company director

Corporation Tax (CT) is charged on profits after tax deductions and reliefs. The starting point for the tax computation is accounting profit, and the tax computation contains the calculations that are needed to get from accounting profit to taxable profit. The OTS are looking at ways of simplifying this computation, to reduce the burden for business.

* 1. Size of business

* 2. Annual turnover

* 3. Details of company shareholders

* 4. Who prepares your company CT computation and the CT 600 return?