Income Tax - Losses arising in a trade, current Issues
Category: Tax | Duration: 1hr | Tag: VODUK2142 | Type: Video | Speaker: Rebecca Benneyworth
Course Details
In this on demand CPD course, Rebecca Benneyworth MBE looks at the relief of income tax losses under new and existing rules, and how to consider best relief for losses in the current environment.
Topics covered include:
- Relief for trading losses under Finance Act 2021 Sch 2
- Relief for losses under section 64 ITA 2007
- Relief for Class 4 NIC – how and where to ensure relief is given
- The impact on tax payments of setting losses off in earlier years
- The cash basis – loss relief
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.
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.