Recent developments

These modules are in the process of being reviewed and updated for the 2024-25 tax year, and/or the 2024 financial year. This update is due to be completed by the end of April 2024, but in the meantime, commentary may refer to rules in the 2023-24 tax year and the 2023 financial year.


Calculating trade income for companies

by Laura Burrows

How to calculate trade income for companies, including how to determine whether a trade is being carried on

15 mins
Course status: Not yet started
Released in December 2023
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Trade expenses for companies: general principles

by Laura Burrows

The general principles for determining whether or not a deduction may be claimed for an expense

15 mins
Course status: Not yet started
Released in December 2023
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Trade expenses for companies: statutory rules

by Laura Burrows

The statutory rules that apply to allow, deny and restriction a deduction for common types of expense

20 mins
Course status: Not yet started
Released in December 2023
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Trade receipts for companies

by Laura Burrows

Tax treatment of common receipts for companies

10 mins
Course status: Not yet started
Released in December 2023
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R&D tax reliefs: scope and definitions

by Glyn Fullelove

An introduction to the scope of tax reliefs for research and development and key definitions in the rules

15 mins
Course status: Not yet started
Released in January 2024
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R&D tax reliefs: SMEs & larger companies

by Glyn Fullelove

An introduction to the reliefs available to SMEs and larger companies

15 mins
Course status: Not yet started
Released in January 2024
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Trade losses

by Paul Davies

Current year relief; carry-back relief; carry-forward relief; terminal relief

15 mins
Course status: Not yet started
Released in December 2023
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Losses: anti-avoidance

by Paul Davies

Transfers of trade between companies in common ownership; change in company ownership

10 mins
Course status: Not yet started
Released in December 2023
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Patent box - Part 1: qualifying conditions

by Paul Davies

Basic rules; elections; qualifying company; qualifying rights; development conditions; active ownership condition; computation of profits; small claims; losses; anti-avoidance


15 mins
Course status: Not yet started
Released in December 2023
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Patent box - Part 2: computation of profits

by Paul Davies

Basic rules; elections; qualifying company; qualifying rights; development conditions; active ownership condition; computation of profits; small claims; losses; anti-avoidance


20 mins
Course status: Not yet started
Released in December 2023
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