Advanced Corporation Tax Topics

The Corporate Interest Restriction rules limit how much tax relief your company or group can claim for interest expenses and financing costs. If your net interest and financing costs exceed £2 million in a 12-month period, you'll need to calculate your interest allowance and m...

5 min read

If your company uses derivative contracts (such as interest rate swaps, foreign exchange forwards, or commodity futures) to hedge business risks, the way these are taxed depends on your accounting treatment and whether you elect into special "Disregard Regulations". From 1 Jan...

5 min read

Country-by-country reporting is an international tax transparency requirement for large multinational groups. If your group operates in multiple countries and meets the revenue threshold, you must register with HMRC and submit an annual report detailing your activities, profit...

5 min read

If you're a non-UK resident company buying and developing property in the UK with the intention of selling it for profit, you have specific Corporation Tax obligations. You must register with HMRC and pay UK Corporation Tax on your profits, even though your company is based ov...

4 min read

The UK has introduced new Pillar 2 Top-up Taxes as part of a global initiative to ensure large multinational groups pay a minimum level of tax. If your business is part of a group with consolidated revenues of €750 million or more, you may need to register and report these tax...

5 min read

The Qualifying Asset Holding Company (QAHC) regime is a special tax regime designed to allow investors in certain UK holding companies to achieve a similar tax outcome to investing directly in the underlying assets. If your company qualifies and enters the regime, it benefits...

5 min read

Residential Property Developer Tax (RPDT) is a 4% tax on profits from UK residential property development that applies to certain companies with large-scale development activities. If your company is liable for RPDT, you'll need to complete supplementary form CT600N alongside...

5 min read

Tonnage Tax is a special Corporation Tax regime that allows qualifying shipping companies to pay tax based on the size of their fleet rather than their actual profits. If you operate shipping vessels and meet certain conditions, you can elect to use this alternative tax calcul...

4 min read