Course Details

In this on demand CPD course, Rebecca Benneyworth MBE looks in a more detail at some of the topics in the Budget and Finance Bill 2021 announcements.  She analyses what the changes and proposals mean in practice for you and your clients and drills into some detail regarding calculations and advice points.

Topics covered include:

  • Capital allowances super deduction for companies – what is eligible; the 130% rate and 50% rate; disposals
  • Three-year loss carryback for corporation tax – limits, lodging claims outside a return
  • Three-year loss carryback for income tax – limits, mechanism, impact on tax payment
  • Proposed new rates of corporation tax – points to remember; marginal relief calculations
  • What is an associated company?
  • Remuneration planning with higher rates of corporation tax
  • COVID support and related tax issues – taxation of grants; CJRS accounting issues; received but not entitled – what to do? Next phase of support.
  • What is a Freeport and what are the tax reliefs?

 

CPD Course Speaker

Rebecca Benneyworth Training

Rebecca Benneyworth

Rebecca is an ICAEW Chartered Accountant. She is a lecturer, writer and consultant on a variety of taxes, lecturing extensively throughout the UK, to accountants, business people and also to HMRC and the Treasury. She has her own accountancy practice based in Gloucestershire, with a variety of small business and personal tax clients.

During the last two years, this has become a 100% digital practice. She is Chair of the HMRC Digital Advisory Group, providing help and support to HMRC in understanding the challenges that Making Tax Digital presents to small businesses and their advisers.

She is also a member of the Admin Burdens Advisory Board, an independent advisory group to HMRC monitoring the burdens which the tax system imposes on businesses.