A company has taxable total profits of 5,000,000 for an accounting period. Explain how the corporation tax
Question:
A company has taxable total profits of £5,000,000 for an accounting period. Explain how the corporation tax liability for this period will be calculated if:
(a) the accounting period is the 12 months to 31 March 2021
(b) the accounting period is the nine months to 31 January 2021
(c) the accounting period is the ten months to 31 October 2020.
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a The 12 months to 31 March 2021 coincide with FY2020 so the taxable total ...View the full answer
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