A company has the following results for the year to 31 March 2022: The charitable covenant began
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A company has the following results for the year to 31 March 2022:
The charitable covenant began on 1 October 2021 and falls within the Gift Aid scheme. Compute the taxable total profits for the year.
Transcribed Image Text:
Trading profits, after capital allowances Bank deposit interest (account opened 1 April 2021): Received 30 June 2021 Received 31 December 2021 Accrued to 31 March 2022 Chargeable gain on sale of factory Dividends received from UK companies Deed of covenant payable annually to a charity: Paid 1 October 2021 for year to 30 September 2022 Less: Prepayment 9,000 4,500 1,561,400 1,820 3,670 1,980 531,000 132,000 4,500
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