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Required 1. Read all the information covered in the 'Chloe's Model Trains' tab. 2. Using the Income Statement and Additional information sections you are required
Required 1. Read all the information covered in the 'Chloe's Model Trains' tab. 2. Using the Income Statement and Additional information sections you are required to complete the Tax Calculation Sheet for Chloe's Model Trains. 3. Refer back to the Income Statement and the Tax Calculation Sheet to complete extracts of the IR10 and fill in the IR4. 4. Complete the tax calculation AND provisional tax extract of the IR4. 5. Complete the shareholder information for Chloe and state the amount of income you will enter in the IR3 to declare on Chloe's Tax Return. 6. Using the additional transaction on the 'ICA' tab, prepare the workings to the ICA for Chloe's Model Trains. Then fill in the imputation credit return. 7. Using the additional Information on the 'FBT' tab, complete the FBT workings (showing all explanations and calculations) and the what would appear for the Inland Revenue Remember: Chloe is files on an annual basis and she is on the single rate FBT Rate of 49.25%
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