Part 6 · Beyond the return · Chapter 14

Rashid buys a second company: Corporate Tax services — tax groups, refunds & changes

What a registered business does between returns

Rashid has news. Al Dahi now owns 100% of a small repair company and 60% of a logistics firm. "Can we put them all under one Corporate Tax return?"

You also have a refund request and a change of financial year waiting on your desk.

Your mission

• Decide which companies can join a Corporate Tax group.
• Request a Corporate Tax refund and a tax period change.
• Amend a registration when the details change.

Rules settled in this chapter

• Who can join the group?: A Corporate Tax group needs at least 95% ownership of capital, voting rights and profit entitlement. Below that, the company files on its own.

Tax Groups

• What a Tax Group is
• Who can form one
• Changing a group later

Changing your registration, tax period, or claiming a refund

• Registration amendments
• Changing the tax period
• Corporate Tax refunds
• In the simulator

The full notes, client files and practice for this chapter unlock with the Course + Practice Pack.

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