S Ltd has taxable total profits of 120,000 for the six months to 30 September 2017 and
Question:
S Ltd has taxable total profits of £120,000 for the six months to 30 September 2017 and receives no dividends. Until 1 June 2017, S Ltd had no related 51% group companies.
However, on that date, its entire share capital was acquire d by H Ltd. H Ltd has five other wholly-owned subsidiaries, two of which are dormant. Determine whether or not S Ltd will be required to pay corporation tax by instalments for the six months to 30 September 2017.
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S Ltd has four related 51 group c ompanies H Ltd and its three active subsidiaries for th...View the full answer
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