Question
Part a- Sail Sail Ltd has the following results for the year ended 31 March 2020. It has one wholly owned subsidiary company. Trading profit
Part a- Sail
Sail Ltd has the following results for the year ended 31 March 2020. It has one wholly owned subsidiary company.
Trading profit 380,000
Interest receivable 9,000
Property Income 12,000
Chargeable gains 21,000
Dividends received from non-subsidiary UK companies 50,000
Qualifying charitable donations 22,000
Calculate the amount of corporation tax payable by Sail Ltd for the year ended 31 March 2020 and state giving reasons the due date for payment.
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ACCA Financial Accounting Study Text 2020 21
Authors: Emile Woolf International
1st Edition
1848439210, 978-1848439214
