We have a client who's year end is 31 January. For the year to 2012 they are showing profit of 300K and tax of around 100k.
Mobile phone giant Vodafone is under pressure again after it emerged it did not pay any corporation tax in the UK last year.
HMRC’s long-term strategy for mandatory iXBRL tagging has been watered down as a result of recent consultations on its “digital by default” strategy.
Would "gesture of goodwill" compensation for wasting a corporate customer's time due to inept database information gathering be taxable?
CTM01405 states that apportionment of accounting period profits to the relevant financial years must be made on a time basis.
A client company has four flats which it rents out, three of which are to directors. The directors have decided not to charge themselves ground rent, demanding it only from the fourth tenant.
A year on from the introduction of mandatory efiling of iXBRL company accounts with Corporation Tax returns, HMRC and software suppliers have been offering feedback on the progress made so far.
As anticipated ahead of the Budget announcement, the Chancellor accelerated the annual reduction in the main Corporation Tax rate from 26% to 24% in April 2012, with further reductions scheduled to