During the year to 31 March 2018 , a company which qualifies as medium-sized spends 180,000 on
Question:
During the year to 31 March 2018 , a company which qualifies as medium-sized spends
£180,000 on research and development . This is qualifying expenditure under the R&D tax relief scheme. Explain the corporation tax treatment of this expenditure.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
In the United Kingdom mediumsized companies are typically subject to the Research and Development Expenditure Credit RDEC scheme for their RD tax reli...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
During the year to 31 March 2022, a company which qualifies as medium-sized spends 180,000 on research and development. This is qualifying expenditure under the R&D tax relief scheme. Explain the...
-
Harrogate Chocolate Ltd is a limited company incorporated under the United Kingdoms (UK) law. The company is established in Harrogate and is resident in the UK. Harrogate Chocolate Ltd trades in hand...
-
The following trial balance of X Limited, a non-listed company, has been extracted from the books after the preparation of the statement of profit or loss and statement of changes in equity for the...
-
Calculate the 90% confidence interval for the difference (mu1-mu2) of two population means given the following sampling results. Population 1: sample size = 19, sample mean = 20.52, sample standard...
-
Assuming that the rate-determining step in the reaction of 1-hexanol with hydrogen bromide to give 1-bromohexane is an attack by a nucleophile on an alkyloxonium ion; write an equation for this step....
-
Requiring that an employee with no access to cash do the accounting is an example of which characteristic of internal control? a. Separation of duties b. Assignment of responsibility c. Competent and...
-
What is leadership?
-
The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Instructions (a) Determine the fixed- and variable-cost...
-
nd the exact value of the express sin 2 cos 5
-
A company has the following results for the year to 31 March 2018: Trading profits, after capital allowances Bank deposit interest (account opened 1 April 2017): Received 30 June 2017 Received 31...
-
A company acquired a chargeable asset (not a chattel) in 1979. The asset was sold in December 2017 (RPI 274.7) for 2,800. Compute the chargeable gain or allowable loss if the original cost of the...
-
The following are the accounts for Nailsea Limited for the year ended 30 June 19X6: Nailsea Limited Profit and loss accounts for years ended 30 June 19X6 19X5 000 000 Sales 2,280 1,230 Operating...
-
Consider an island economy where a total number of 10,000 people live. The Federal Government compiled the below demographics for its total population: Sl. No. 1 2 3 4 45 6 7 8 9 10 Citizen...
-
LaSalle Ltd. applies the lower of cost or Net Realizable Value (NRV) valuation to inventory. The company's inventory at the end of the year is provided by TABLE 1 as seen below. Required: Determine...
-
Two 100-hp electric motors are being considered cheap andpremium. The cheap motor draws 79kW and costs 2400$ initially,while the premium motor draws 75kW and initially costs 2900$. Themotor is...
-
Assume that a minimum wage of $7 (rounded down from the current U.S. minimum) has been proposed for your college's cafeteria workers. Obviously this wage will not cover all jobs in your area. Using a...
-
What else am I missing from my SQL statements from this ER diagram? SQL statements below /*Data Definition- DDL (CREATE DATABASE, CREATE TABLE)*/ CREATE TABLE DOCTIME ( dID NOT NULL PRIMARY KEY,...
-
Zoogle has the following selected data ($ in millions): Net sales .............. $24,651 Net income ............. 6,620 Operating cash flows ........ 9,326 Total assets, beginning ....... 41,768...
-
Provide a few individual examples who revealed what aspects of emotional intelligence?
-
On 9 May 2012, Steven bought 2,000 ordinary shares in Vexacon plc for 8,000. On 28 November 2016, he bought 500 ordinary shares in the company for 2,500. In March 2022, Danshore plc made a takeover...
-
Susan made the following purchases of ordinary shares in Semicycle plc: In January 2022, the company went into liquidation and Susan received a first distribution of 2 per share. The market value of...
-
Saeed made the following purchases of ordinary shares in Hyban plc: In June 2017, the company made a 1 for 20 rights issue at 1.50 per share and Saeed took up the shares which he was offered....
-
Each tax payment made by most corporations throughout the year a. is a portion of the actual income tax for the previous year. b. is the actual tax on income earned in the previous quarter. c. is a...
-
Which of the following are conflicts of interest that must be avoided by the super trustee? Group of answer choices Licensee C wants to maximise trading volume by its clients to increase its...
-
The California CalPERS and STRS pension plans provide lifetime benefits for CA state workers and teachers. They have been grossly mismanaged. They are about $50 billion in the hole or underfunded and...
Study smarter with the SolutionInn App