Moon Ltd runs a Retail Trading business in London prepared accounts for the year ended 31 March 2021. The following information is available: a) The Profit and Loss Account of Moon Ltd shows the Net profit before tax for the year ended March 2021 was 1,000,000. (i) The above profit is calculated after adding the Rental income of 12,000, interest income of 10,000, dividend income of 15,000, and Capital gain of 50,000. (ii) The above profit is calculated after deducting the following expenses: Depreciation 40,000 Donation to political party 2,000 Donation to local charity 200 Donation to National charity 8,000 Office building repair 2,500 Cost of Additional room added to the office building 9,000 Fine and penalty for irregularity in filing Tax return 4,000 Parking fine of the staff during business hours 50 Car lease rent (CO2 emission = 130 gms/km) 8,000 Staff entertainment 1,500 Customers Entertainment 3,000 The gift to Staff 200 Gift of calendars to the customer (10 each for 1000 customers) 10,000 Gift of Chocolate packets to customers (5 each for 500 customers) 2,500 Gift of mobile to customers (70 each for 10 customers) 700

b) The following information is relevant for the calculation of Capital Allowances: (i) Moon Ltd purchased the following plant and machinery: Plant and Machinery for production purposes Computer system Fixtures and Furniture for office purposes Car (CO2 Emission 90 g/km) Car (CO2 emission 130 g/km) 200,000 50,000 40,000 20,000 25,000 (ii) Moon Ltd sold a machinery for 10,000 (its cost was 30,000) and a high emission motor car sold for 5,000 (which cost the company 16,000). (iii) On 1 April 2020, the tax was written down values (opening balance) of the Main Pool (general Pool) of Moon Ltd was 100,000 and the special rate pool was 50,000. c) The following information is relating to the capital gain by the sale of the building (which is included in the Profit and loss account): On 11 July 2014 Moon Ltd purchased a Building for 75,000 and spent the cost of improvement of 20,000 on 10 December 2014. On 21/10/2020, Moon Ltd sold this building for 160,000. The Indexation Factors are as follow: July 2014 to Dec 2017 0.395 Dec 2014 to Dec 2017 0.320 d) Moon Ltd received interest income of 18,000 and dividend income from UK company, these are in addition to the income specified in the Profit and Loss Account. e) Moon Ltd owns a commercial building in Australia. For the year ended 31/3/021, Moon Ltd received a rent of 35,000 from Australia, this is after deducting Australian Tax of 30%. This income is not included in the profit and loss account. f) Moon Ltd had a Trading loss of 55,000 for the year ended 31 March 2020. Required: Calculate Taxable Total Profit (TTP) and the Corporation Tax Liability of Moon Ltd for the year ended 31 March 2021 after claiming Double Taxation Relief for Rental Income from Australia. Specify the due date for the payment of tax. (Show clearly the calculation of Capital Allowance, Adjusted Trading Profit, and Capital Gain by applying and justifying various expenses deductible or not deductible).