Corporation tax: what an accountant needs to know - computation of profits


Arriving at the accounting profit is only the start of the journey required to arrive at profits for tax purposes.

The course looks at the adjustments that are required to turn accounting profits into taxable profits.

It is quite possible that despite the attempts at alignment, these two measurements will look very different for certain companies. There have been a number of recent changes as a result of tax reform which are included in this course.

Learning outcomes:

By the end of this course, participants will obtain a greater understanding of:

  • Trading profits
  • Disallowable Items
  • Capital or Revenue?
  • Investment Business
  • Property Business
  • Loan Relationships
  • Intangible Fixed Assets

Authored by: Mike Steed

Michael Steed is Head of Tax for BPP Professional Development. He is a Chartered Tax Adviser and is a past-President of the ATT. He is the current co-chair of the ATT’s Tax Technical Steering Group.

Other courses

If you would like to cover this topic in greater detail, we run the following courses face to face.

Corporation tax refresher and update

Essential Tax Update for the Accountant in Practice or Employment

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

Price (excludes VAT): £35.00