Antietam Ltd makes up accounts to 30 September annually. Results for the 12 months to 30 September

Question:

Antietam Ltd makes up accounts to 30 September annually. Results for the 12 months to 30 September 2023 are as follows:

The company has capital losses brought forward from previous accounting periods of £1,400 and made a Gift Aid donation of £20,000 during the year.

Required:

(a) Calculate the corporation tax liability of Antietam Ltd for the year to 30 September 2023.

(b) What difference would it make if you were told that the company has nine subsidiary companies and that all of the dividends received of £30,000 were paid to Antietam Ltd by its subsidiaries?

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Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

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Question Posted: May 03, 2024 07:00 AM

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Antietam Ltd makes up accounts to 30 September annually. Results for the 12 months to 30 September

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To calculate the corporation tax liability of Antietam Ltd for the year to 30 September 2023 we need ...View the full answer

Taxation Finance Act 2023

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