Course Details

Following all the U-turns of a tumultuous month in the UK tax world, we now know the Corporation Tax rate is increasing from April 2023. In fact, for some companies, the increase is already with us. What can you do to inform and advise your small company clients about the increase, and help them plan to make any available savings.


In this session, Carl covers:

  • A summary of the changes, including the small profits rate and marginal relief
  • The transitional rules for company accounting periods straddling 1st April 2023
  • The impact of associated companies: good, bad, or indifferent?
  • Marginal rate planning: what can companies do to reduce the impact of the increase in the first year
  • Interaction with the 130% super-deduction and other capital allowances issues
  • Is it worth changing the company’s accounting date to postpone the increase, including a look at seasonal businesses and companies making capital gains
  • Both trading companies and property investment companies will be covered

CPD Course Speaker

BSc FCA, Author and Presenter

Carl Bayley

Carl Bayley is the author of a series of ‘Plain English’ tax guides designed specifically for the layman and the non-specialist. His particular specialty is his ability to take the weird, complex, and inexplicable world of taxation and set it out in the kind of clear, straightforward language taxpayers themselves can understand.

Carl takes the same approach when speaking on taxation, a role he frequently undertakes with great enthusiasm, including his highly acclaimed annual ‘Budget Breakfast’ for the Institute of Chartered Accountants. He has spoken on taxation on radio and television, including the BBC’s ‘It’s Your Money’ program and BBC Radio 2’s Jeremy Vine Show.

Carl began his career as a Chartered Accountant in 1983 with one of the ‘Big 4’ accountancy firms. After qualifying as a double prize-winner, he immediately began specialising in taxation. He worked for several major international firms until beginning the new millennium by launching his own practice, through which he provided advice on a wide variety of taxation issues; especially property taxation, inheritance tax, and tax planning for small and medium-sized businesses, for twenty years, before deciding to focus on his favourite role as author and presenter.

Carl is a former Chairman of the Tax Faculty of the Institute of Chartered Accountants in England and Wales and a member of the Institute’s governing Council. He is also a former President of ICAEW Scotland and a member of the ICAEW Board. He has co-organised the annual Practical Tax Conference since its inception in 2002.