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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
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. (10 marks)
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