Day 5. Corporation Tax Liabilities
E1. The scope of corporation tax
a) Identify the scope of corporation tax
i) chargeable entities
ii) chargeable income
iii) chargeable gains.
b) Identify chargeable accounting periods, including periods longer and shorter than 12 months.
c) Identify the basis of assessment for all sources of income
i) trading income
ii) profits from loan relationships and interest
iii) property business income
iv) chargeable gains.