The Loan Relationship Rules in Practice

Our trainer is a UK Chartered Accountant and Chartered Tax Advisor who won the John Wood Medal in the November 1995 CIOT sitting for the best paper on business taxation. He was previously Director of Finance and Taxation Programmes at BPP Professional Education and has delivered IFRS, US GAAP, UK Tax and VAT to a multitude of organisations worldwide since 1992. He has particular experience in delivering bespoke IFRS and US GAAP training programmes to multinationals in the financial services, transport and energy sectors, as well as delivering UK tax and VAT update programmes to accounting and law firms.

He is passionate about training and his enthusiasm ensures that the participants enjoy the learning experience while gaining knowledge through their engagement in the sessions and by encouraging them to ask questions and discuss practical issues they may have. He also provides consulting services to companies and accounting firms, including the provision of tax and VAT advice, reviewing accounting policy manuals and advising on the accounting treatments of various transactions.

• Identify the source of the law to enable personal research.
• Understand the fundamental principles of the taxation of loan relationships ‘debits’ and ‘credits’.
• Spotting where GAAP has not been followed and making suitable adjustments.
• Identifying deemed loan relationships and their impact on the corporation tax computation.
• Understand when anti-avoidance rules operate and the adjustments this can lead to.
• Identify the adjustments needed where loans are made between connected companies.
• Understand and apply the tax treatment applying to convertible debt under both UK GAAP and IFRS.

• Loan relationship rules training is highly practical and will include multiple examples to assist with understanding the loan relationship rules for connected parties and HMRC.
• It is presented by an independent training professional and can be a completely independent look at the issues raised.
• The course will encourage participation and allow for all questions and clarifications to be considered.
• The course will always be completely current and relevant.

Our loan relationship rules training is a ‘must know’ for;

• Tax professionals who are involved in the preparation or review of corporation tax computations; because loan relationships will feature in nearly every computation and the rules are extensive and, in some cases, complex.

And is a ‘nice to know for:

• CFOs, FDs and FCs looking to get a greater understanding of how the tax treatment of a loan relationship can differ from its accounting treatment in many cases.

This loan relationship rules course is designed to help attendees understand when companies might need to adjust in their corporation tax computations for the impact of the loan relationship rules. Delegates will understand the different situations in which adjustments can be required and see examples so that they will be able to apply the rules correctly.

The importance of considering the impact of connected company loans will be emphasised as well as assessing whether the accounts have been properly prepared following generally accepted accounting principles. Delegates will appreciate the various anti-avoidance rules that exist so that they can determine whether they apply to transactions that have been undertaken by the company under review.