£90+VAT. (Click here for information on the Flexiticket discount scheme - fees as low as £39.60+VAT per place)

The recent tax cases of Leslie Smith and Greenbank Holidays have emphasised the need for the accounts on which the tax computation are based to be prepared in accordance with generally accepted accounting practice. This applies both to companies and those within the income tax regime.  Other cases are, no doubt, in the pipeline. In one of the above cases the court found the accountant guilty of negligent conduct when he thought his client’s accounting policy was acceptable!
This course is designed to ensure that partners and staff involved in the preparation of accounts and the tax returns derived from them are aware of the key issues involved in ensuring that the accounts are prepared in accordance with GAAP and to enable them to convince HMRC of the appropriateness of the accounting treatments adopted.

This course is relevant to those preparing accounts, so that they understand the tax implications, to those preparing the tax returns so that they understand the accounting implications and to finance directors and others with responsibility for tax and accounts.

The course will cover inter alia:

• The relationship between GAAP and taxable profit
• Developments in case law
• A review standard by standard of the practical impact on the tax computation
• Topical issues
• Dealing with the tax charge under FRS 16, Current Taxation / FRSSE
• Accounting for deferred tax
• Dealing with HMRC enquiries on accounting matters.