HMRC has updated its guidance Register a non-resident company for corporation taxto expand the section on what to include in the corporation tax return. To avoid the need for HMRC to contact companies for additional information in relation to a disposal of UK land, their tax computations should include details of how they have used any losses, exemptions and reliefs and should give a clear breakdown of how they have calculated the gain or loss on the disposal.
HMRC has updated its guidance Register a non-resident company for corporation taxto expand the section on what to include in the corporation tax return. To avoid the need for HMRC to contact companies for additional information in relation to a disposal of UK land, their tax computations should include details of how they have used any losses, exemptions and reliefs and should give a clear breakdown of how they have calculated the gain or loss on the disposal.
