A company (which is not a member of a group) has the following results for the year
Question:
A company (which is not a member of a group) has the following results for the year to 31 March 2021:
The company intends to make Gift Aid donations of £30,000 every six months, starting on 30 November 2020.
(a) Compute the company's corporation tax liability for the year.
(b) State the date (or dates) on which this tax is due to be paid.
Transcribed Image Text:
Adjusted trading profit, after deduction of capital allowances Bank deposit interest (a/c opened 1 July 2020): Received 31 December 2020 Accrued to 31 March 2021 Dividend received in January 2021 Chargeable gains Gift Aid donations: Paid 30 November 2020 Accrued to 31 March 2021 360,284 9,957 3,000 24,300 295,327 30,000 20,000
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To compute the companys corporation tax liability for the year to 31 March 2021 we need to consider various components of its financial results Here i...View the full answer
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