A company (which is not a member of a group) prepares accounts to 31 March each year.

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A company (which is not a member of a group) prepares accounts to 31 March each year. Calculate the company's corporation tax liability for the year to 31 March 2024 in each of the following cases:

(a) Taxable total profits are £42,000 and there are no dividends received.

(b) Taxable total profits are £64,000 and dividends received are £2,000.

(c) Taxable total profits are £350,000 and dividends received are £75,000.

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Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

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Question Posted: May 03, 2024 02:02 AM

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A company (which is not a member of a group) prepares accounts to 31 March each year.

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a The accounting period coincides with FY 2023 Augmented profits are 42000 T...View the full answer

Taxation Finance Act 2023

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