A company (which is not a member of a group) has the following results for the 14
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A company (which is not a member of a group) has the following results for the 14 months to 31 December 2017:
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Adjusted trading profit, before deduction of capital allowances Capital allowances claimed: Year to 31 October 2017 2 months to 31 December 2017 Chargeable gains: Disposal 12 May 2017 Disposal 6 November 2017 Building society interest: Received 31 December 2016 Received 31 December 2017 Dividend received on 25 September 2017 1,413,510 222,650 37,210 16,586 21,692 3,500 4,300 3,150 Accrued building society interest was 3,000 on 31 October 2016, 4,000 on 31 October 2017 and Enil on 31 December 2017. Compute the company's total corporation tax liability for the 14-month period and state the date (or dates) on which this tax is due to be paid.
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To compute the companys total corporation tax liability for the 14month period ended 31 December 2017 the following steps are to be taken 1 Adjust the trading profit for the taxation period by deducti...View the full answer
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