SVM24071 - Share Valuation Manual: Self Assessment

Corporation Tax Self Assessment (CTSA)

Group situations

CT is a tax charged on companies, not groups. Each company must provide in its return a self-assessment of its own liability. Any enquiries opened will be on a company by company basis (although, by agreement, this may be done in a single letter). Of course, risk assessment of the returns of companies that are grouped should take account of matters affecting more than one company in a group.